By Patturaja Murugaboopathy and Davide Barbuscia (Reuters) – Global investors have resumed their selling of high-yield corporate bonds after a brief respite in January, as fears over the health of…
A look at the day ahead in European and global markets from Tom Westbrook The European Central Bank (ECB) meets today for the first big test of policymakers’ response to…
WASHINGTON (Reuters) – The Democratic head of the U.S. Senate Banking Committee on Wednesday said the panel would hold hearings on the bank industry’s problems but that any new legislation…
(Reuters) – Goldman Sachs on Wednesday lowered its forecast for fourth-quarter U.S. gross domestic product (GDP) growth, citing risks to the lending environment as smaller banks pull back on loans…
By Michael S. Derby (Reuters) – The two recent U.S. bank collapses and the Federal Reserve’s new lending program that was launched to prevent wider financial system fallout may have…
BANGKOK (Reuters) – Thailand’s finance minister said on Wednesday that there had been no impact on Thailand so far from problems facing some banks in the United States. The government,…
Financial Ratings Giant Issues Chilling Prediction For Entire Banking Industry Laurel Duggan on March 14, 2023 Moody’s Investor Service changed its view on the entire banking system from stable to…
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – U.S. consumers have flooded banking giants, including JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc with deposits…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. After the crash, bang, and wallop of two U.S. banks collapsing and regulators…
ABOARD AIR FORCE ONE (Reuters) – U.S. financial regulators have the tools they need to deal with disruptions and supervise banks, and President Joe Biden is confident in the steps…
SINGAPORE (Reuters) – Singapore banking system has insignificant exposure to failed banks in the United States, its central bank said on Monday. Banks in Singapore are well capitalised and conduct…
NEW CASTLE, Delaware (Reuters) – U.S. President Joe Biden said on Sunday he would address the banking crisis Monday morning, as the federal government announced actions to shore up deposits…
By Niket Nishant (Reuters) – JPMorgan Chase & Co is cutting ties with Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, according to a source familiar with the…
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan’s incoming governor Kazuo Ueda will lead a powerful trio that includes a technocrat who designed yield curve control, and a…
(Reuters) – JPMorgan Chase & Co, the largest U.S. bank by assets, is expecting a nearly 20% drop in banking revenue in the first quarter, Chief Financial Officer Jeremy Barnum…
DeSantis Announces Plan To End ‘Woke Banking’ In Florida Katelynn Richardson on February 13, 2023 Republican Florida Gov. Ron DeSantis announced proposed legislation Monday designed to end “ESG woke banking”…
NEW YORK (Reuters) – Goldman Sachs Group Inc has appointed Akila Raman as chief commercial and strategy officer of transaction banking within its newly formed Platform Solutions unit, according to…
By Maiya Keidan TORONTO (Reuters) – Some of Canada’s top investment banks plan to maintain staffing levels to meet client expectations for the same level of coverage through the ups…
(Reuters) – The head of Goldman Sachs Group Inc’s direct-to-consumer unit, Swati Bhatia, is stepping down from the role, according to an internal note seen by Reuters. Bhatia, a former…
BEIJING (Reuters) -China’s banking and insurance regulator issued draft rules on Friday to step up oversight of the $3 trillion trust industry, and reduce financial risks in the shadow banking…
Congress’ Spending Bill Leaves Out Banking Ban On Blacklisted Chinese Tech Giant Micaela Burrow on December 20, 2022 Congress’ omnibus spending bill leaves out a plan to ban Chinese telecommunications…
MILAN (Reuters) – Morgan Stanley has named Emilio Greco and Nicola Savoini as co-heads of its Italian investment banking operations, it said on Monday. Greco joined the bank last year, after…
Banking Giant Vows To Quit Funding New Oil And Gas Projects Jack McEvoy on December 14, 2022 The world’s eighth-largest bank HSBC said Wednesday that it would stop giving loans…
AMSTERDAM (Reuters) – ING Groep, the largest Dutch financial services company, on Thursday said it intends to promote Pinar Abay to head of retail banking. Ms. Abay, a Turkish national…