Here’s The Domino That Could Kickstart Another Banking Crisis Will Kessler on February 11, 2024 Smaller banks hold a disproportionate amount of commercial real estate loans compared to all other …
banking
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By Niket Nishant and Manya Saini (Reuters) – Wells Fargo, Bank of America and Citigroup reduced their workforces by a combined 17,700 last year, the banking giants reported in their …
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Proposed Banking Regulations Won’t Save Sector But Will Hurt Your Wallet, Experts Say Will Kessler on December 10, 2023 Key U.S. regulators have proposed the Basel III endgame requirements that …
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(Reuters) – A top U.S. banking regulator on Wednesday warned banks to manage the risks to consumers posed by increasingly popular “buy now, pay later” financing for retail spending, saying …
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By David Thomas (Reuters) – U.S. law firm Orrick, Herrington & Sutcliffe on Tuesday said it has hired the ex-head of startup banking at Silicon Valley Bank, which was a …
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Jefferies sets up investment banking unit in Canada to boost international expansion
by Reutersby Reuters(Reuters) – Jefferies Financial Group said on Monday it has set up an investment banking and capital markets unit in Canada, sticking to its plans to pursue an international expansion …
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By Naomi Rovnick and Nell Mackenzie LONDON (Reuters) – Leading hedge funds and mutual funds are betting on gains outside the tech sector in coming months, Goldman Sachs research shows. …
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Did pandemic central banking work? Fed review to eye inflation, jobs tradeoffs
by Reutersby ReutersBy Howard Schneider ATLANTA (Reuters) – The U.S. Federal Reserve’s pledge in 2020 to sustain “broad-based and inclusive” employment through loose monetary policy was considered a bold response to the …
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Citi bankers leave for Jefferies as municipal banking department in turmoil -Bloomberg News
by Reutersby Reuters(Reuters) – A team of bankers focused on healthcare at Citigroup has left for rival Jefferies Financial after the firm’s executives mulled closing the municipal banking department altogether, Bloomberg News …
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GDANSK (Reuters) – Citigroup has resumed the process of selling the retail business of Bank Handlowy in Poland, Bank Handlowy CEO Elzbieta Czetwertynska said on Friday, adding that talks with …
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By Paritosh Bansal and Tatiana Bautzer NEW YORK (Reuters) – The banking sector is not yet out of the woods, with reinflation a risk if banks fail to sufficiently predict …
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(Reuters) – Bank of Nova Scotia said on Thursday it appointed former ING Group executive Aris Bogdaneris as group head of its Canadian banking segment, effective Nov. 3. Bogdaneris will …
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By Pete Schroeder WASHINGTON (Reuters) – A trio of U.S. banking regulators announced on Friday they were giving the public extra time to digest and provide feedback on a broad …
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(Reuters) – Australian lender Westpac said on Wednesday it had cancelled the sale of its Fiji and Papua New Guinea businesses, ending a years-long process that was beset by regulatory …
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(Reuters) – A U.S. Senate committee on Wednesday voted to advance a marijuana banking bill, raising hopes for the cash-dependent cannabis sector to get access to regular banking services. Most …
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By Moira Warburton WASHINGTON (Reuters) – A U.S. Senate committee on Wednesday will vote on whether to advance a bill that would allow the legal cannabis industry access to banking, …
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By David Lawder WASHINGTON (Reuters) – The Institute of International Finance said on Monday it would still hold its annual membership meeting in Marrakech on Oct. 12-14, following the World …
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By Dharamraj Dhutia MUMBAI (Reuters) – India’s banking system liquidity deficit is at its widest in over four years ago, amid tax outflows and the lack of any major inflows, …
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By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs fired several executives in its transaction banking unit after they violated the firm’s communications policy, according to a memo seen by …
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MILAN (Reuters) – Italian banks should be able to deduct from their overall tax bill the one-off tax on income deriving from higher interest rates which the government plans to …
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Analysis-US banks hold $3.3 trillion cash amid banking crisis, slowdown worries
by Reutersby ReutersBy Saeed Azhar and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) – U.S. lenders are holding onto large piles of cash as insurance against a slowing economy, continuing deposit outflows and …
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STEPHEN MOORE: Congress Can’t Regulate The Risk Out Of Banking, But They Can Regulate The Economy Into The Ground Stephen Moore on August 9, 2023 Banking is just about the …
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By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – The Bank of Japan’s latest policy shift would not have a major impact on Japanese banks unless there are sudden spikes …
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By Ann Saphir (Reuters) -After more than a year of search, the Kansas City Federal Reserve Bank has a new leader: Jeffrey Schmid, a former banking executive who ran three …
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ZURICH (Reuters) -Holcim said on Thursday it expects to set another record for sales from North America this year as the world’s biggest cement maker goes after new business resulting …