Roanoke County, Virginia—The Roanoke County Police Department and other law enforcement agencies are noticing a rise in vehicle thefts and fraudulent banking practices in the region. Criminals are targeting cars…
By John Revill ZURICH (Reuters) – UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the “monster bank”…
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…
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…
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…
(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…
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…
(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…
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.…
By 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…
(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…
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…
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…
(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…
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…
(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…
(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…
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,…
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…
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,…
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…
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…
By 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…
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…
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…