Investors shun high-yield bonds on recession, banking risks
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 …
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Marketmind: ECB into the eye of banking storm
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 …
U.S. Senate banking panel to hold hearings on sector’s woes, chair says
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 …
Goldman Sachs cuts U.S. GDP forecast after banking crisis
(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 …
Fed’s new banking backstop could slow balance sheet drawdown
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 …
Thai Finance Minister says no impact on Thailand so far from US banking woes
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 …
Financial Ratings Giant Issues Chilling Prediction For Entire Banking Industry
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 …
U.S. banking behemoths attract flood of deposits after SVB collapse -sources
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – U.S. consumers have flooded banking giants, including JPMorgan Chase & Co, Bank of America Corp …
Marketmind: Markets now banking on no more Fed hikes
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. After the crash, bang, and wallop of two …
White House says regulators have the tools needed for banking disruptions
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 …
Singapore banking system’s exposure to failed US banks ‘insignificant’ – central bank
SINGAPORE (Reuters) – Singapore banking system has insignificant exposure to failed banks in the United States, its central bank said on Monday. Banks in Singapore …
Biden says will address banking crisis on Monday morning
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 …
JPMorgan ending banking relationship with crypto exchange Gemini – source
By Niket Nishant (Reuters) – JPMorgan Chase & Co is cutting ties with Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, according to …
How sanctions complicated day-to-day banking for Russians
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but …
Academic, policy architect, banking expert form BOJ’s new leadership
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 …
JPMorgan CFO sees nearly 20% drop in banking revenue in first quarter
(Reuters) – JPMorgan Chase & Co, the largest U.S. bank by assets, is expecting a nearly 20% drop in banking revenue in the first quarter, …
DeSantis Announces Plan To End ‘Woke Banking’ In Florida
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 …
Goldman Sachs names investment banker in new transaction banking role
NEW YORK (Reuters) – Goldman Sachs Group Inc has appointed Akila Raman as chief commercial and strategy officer of transaction banking within its newly formed …
Canada expected to buck trend of big investment banking layoffs
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 …
Goldman Sachs’ consumer banking unit head steps down – memo
(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 …
China drafts rules for trust firms to curb shadow banking
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 …
Congress’ Spending Bill Leaves Out Banking Ban On Blacklisted Chinese Tech Giant
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 …
Morgan Stanley appoints two co-heads of Italian investment banking operations
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 …
Banking Giant Vows To Quit Funding New Oil And Gas Projects
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 …
ING names new managers, Abay to head retail banking
AMSTERDAM (Reuters) – ING Groep, the largest Dutch financial services company, on Thursday said it intends to promote Pinar Abay to head of retail banking. …
Citi to wind down consumer banking in china, affecting about 1,200 staff
SINGAPORE (Reuters) – Citigroup Inc will wind down its consumer banking business in China in a move that will affect about 1,200 local employees, the …
Australian banking system cushioned for imminent climate change-related risks – regulator
(Reuters) – Potential economic downturns caused by climate change could pose risks to the loan books of Australia’s top five banks without resulting in any …
ECB’s Centeno sees more consolidation in Portugal’s banking sector
By Sergio Goncalves and Andrei Khalip LISBON (Reuters) – Further consolidation of Portugal’s banking sector is inevitable, European Central Bank member Mario Centeno told Reuters …
Ukraine central bank says it is preparing banking system for blackouts
KYIV (Reuters) – The alert ‘UKRAINE CENTRAL BANK PREPARES BANKING SYSTEM TO WORK IN EMERGENCY CONDITIONS IN CONNECTION WITH POSSIBLE BLACKOUTS’ and story are wrong …
China proposes new rules on banking sector bankruptcy
BEIJING (Reuters) – China’s banking institutions could apply to a court to be declared bankrupt under rule amendments proposed by China’s banking and insurance regulator …
EU could fall foul of global banking rules, regulators warn
FRANKFURT (Reuters) -The European Union could fall foul of global banking rules designed to stem a repeat of the global financial crisis if proposed changes …
ECB warns of potential impact on economy from Spanish banking tax
By Jesús Aguado MADRID (Reuters) – The European Central Bank warned on Thursday in a non-binding opinion that Spain’s banking tax proposal could damage lenders’ …
Britain to go it alone for now on reining in ‘shadow banking’
By Huw Jones LONDON (Reuters) – Britain, rattled by the recent near meltdown of some pension funds, is pressing ahead to tighten oversight of the …
Britain to go it alone for now on reining in ‘shadow banking’
By Huw Jones LONDON (Reuters) – Britain, rattled by the recent near meltdown of some pension funds, is pressing ahead to tighten oversight of the …
SHEFFIELD: A Key Treasury Adviser’s Think Tank Is A Hotbed For Radical Ideas On Banking. Here’s How
SHEFFIELD: A Key Treasury Adviser’s Think Tank Is A Hotbed For Radical Ideas On Banking. Here’s How Carrie Sheffield on October 31, 2022 The Left …
Russia bans dealing in capital of 45 foreign-owned banks or banking units
MOSCOW (Reuters) – Russia on Wednesday banned dealings in the shares or share capital of 45 banks or banking units, all either owned by parties …
Fintech Marqeta pushes into banking for next growth phase
By Hannah Lang (Reuters) – Marqeta, a fintech company focused on payments services, is launching a suite of new banking products in a major push …
JPMorgan picks Deutsche Bank’s Sheppard for UK investment banking
By Pamela Barbaglia LONDON (Reuters) – JPMorgan has hired one of Deutsche Bank’s most senior dealmakers, Richard Sheppard, to strengthen its UK investment banking business …
BOJ: Japan’s banking system stable but rising global rates a risk
TOKYO (Reuters) – Japan’s banking system remains stable as a whole but rising overseas interest rates could worsen the creditworthiness of highly leveraged firms, the …
JPMorgan investment banking chief Hernandez to retire in 2023
(Reuters) – JPMorgan Chase & Co said on Monday that Carlos Hernandez, its executive chair of investment and corporate banking, will retire at the end …
JPMorgan names former Reliance M&A head as India investment banking chief
BENGALURU (Reuters) – JPMorgan Chase & Co said on Monday it named former Reliance Industries executive Navin Wadhwani as the head of its Indian investment …
Santander chief Botin set to lead banking lobby group IIF
MADRID (Reuters) – Ana Botin, executive chairman of Spain’s Santander, will become the world’s most prominent bank lobbyist, the first woman to take the role …
ECB closing in on rule change to shave banking profits, sources say
By Balazs Koranyi WASHINGTON (Reuters) – European Central Bank policymakers are closing in on a deal to change rules governing trillions of euros worth of …
Monte dei Paschi to get some $29 million from local banking foundations – source
FLORENCE, Italy (Reuters) -Monte dei Paschi di Siena is set to get around 30 million euros ($29 million) for its new share issue from local …
HSBC extends Chinese private banking network to lure new digital millionaires
By Selena Li HONG KONG (Reuters) – HSBC Global Private Banking has launched its business in the large Chinese cities of Chengdu and Hangzhou, it …
Goldman Sachs appoints Cristina Estrada as Brazil investment banking co-head
SAO PAULO (Reuters) – Goldman Sachs has appointed Cristina Estrada, current COO of Latin America Financing Group, as co-head of investment banking in Brazil, according …
Online Investors Believe A Banking Titan Might Be On The Verge Of Collapse, Analysts Disagree. Here’s Why
Online Investors Believe A Banking Titan Might Be On The Verge Of Collapse, Analysts Disagree. Here’s Why John Hugh DeMastri on October 6, 2022 …
SocGen board picks investment banking boss Krupa as new CEO
PARIS (Reuters) -French bank Societe Generale said on Friday its board had picked Slawomir Krupa, who currently runs its investment banking business, as its new …
Jefferies beats quarterly profit estimates on lift from merchant banking
(Reuters) – Jefferies Financial Group Inc on Wednesday beat analysts’ estimates for third-quarter profit as robust performance in its merchant banking unit helped cushion the …
BBVA chairman sees traditional banking mergers unlikely right now
By Jesús Aguado MADRID (Reuters) – A traditional banking consolidation in Europe is unlikely right now due to a lack of progress regarding the banking …