HSBC hires Goldman Sach’s Ma to lead North Asia global banking – memo
HONG KONG (Reuters) – HSBC has appointed Goldman Sachs partner Christina Ma as its head of global banking for North Asia, according to a memo …
banking
Global rates, retail banking included in Bank of England stress test
LONDON (Reuters) -Banks’ ability to cope with rising global interest rates and the resilience of their retail divisions to market shocks will be under scrutiny …
JPMorgan says will be careful about banker cuts amid investment banking downturn
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co will maintain caution on its staffing levels despite the recent downturn …
Britain’s banking regulators to not take action against former HBOS senior managers- BoE
(Reuters) – Britain’s two banking regulators on Friday concluded that they will not take any enforcement action against certain former unnamed senior managers at the …
EU, U.S. officials call for banking, telecoms restoration in Ethiopia’s Tigray
By Giulia Paravicini ADDIS ABABA – European Union and U.S. officials said on Tuesday that “there should be no obstacle” to restoring banking and telecommunications …
China Hints At Missing Economic Growth Target Amid Banking Crisis, Declining Population
China Hints At Missing Economic Growth Target Amid Banking Crisis, Declining Population Micaela Burrow on July 28, 2022 Chinese leaders muted expectations of economic growth …
Russian central bank looks to spread risks across banking sector – Expert magazine
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW – As Russian banks contend with foreign …
China probes banking inspector in Henan province after fraud case, protests
BEIJING – China’s banking regulator on Sunday said it is investigating an inspector at its bureau in Henan province, which has seen protests by depositors …
CICC appoints new investment banking head – sources
HONG KONG – China International Capital Corp Ltd (CICC) has appointed veteran dealmaker Wang Shuguang to lead its investment banking business, said two people with …
CICC investment banking head to take helm at broker Galaxy – sources
By Selena Li and Julie Zhu HONG KONG -Wang Sheng, investment banking head of China International Capital Corp Ltd (CICC), is set to leave the …
Morgan Stanley names new co-heads of investment banking – memo
By Saeed Azhar NEW YORK – Morgan Stanley has named Eli Gross and Simon Smith as the new global co-heads of investment banking, as part …
Turkey’s banking watchdog eases regulations on lira loans to FX-rich firms
ISTANBUL – Turkey’s BDDK banking watchdog on Thursday eased some of the regulations that restricted FX-rich companies from obtaining Turkish lira loans. A decision published …
Credit Suisse names new head of Swiss private banking
ZURICH – Credit Suisse on Tuesday said it was naming Roger Suter its new head of private banking in Switzerland, succeeding current manager Serge Fehr. …
Analysis-Political and banking deadlock may plunge Lebanon deeper into crisis
By Timour Azhari and Maya Gebeily BEIRUT – Lebanon’s untamed financial crisis is gathering new menace as it heads into a fourth year, with political …
Goldman Sachs partners with Derivative Path to grow transaction banking
By Elizabeth Dilts Marshall NEW YORK – Goldman Sachs Group Inc said on Thursday it is launching a partnership with capital markets technology firm Derivative …
Banking body BIS urges decisive wave of global rate hikes to stem inflation
By Marc Jones LONDON – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised …
Credit Suisse reinforces UK investment banking team with two hires – memo
LONDON – Switzerland’s second-largest bank Credit Suisse has hired two managing directors from JP Morgan and BNP Paribas to reinforce its UK investment banking and …
Digital Banking and Payments Start-up Revolut Partners with Vonage to Improve Customer Service Experience
Revolut has chosen Vonage to drive customer engagement and create the best possible experience from anywhere. Tweet this In 2015, Revolut launched in the UK, …
EU banking union ‘not dead, just napping’, says EU official
By Huw Jones LONDON – The European Union’s decade-old push to complete a unified banking market is set to hit the buffers again but is …
CIBC expands U.S. energy investment banking team, raises staff pay
By Nichola Saminather TORONTO -Canadian Imperial Bank of Commerce on Thursday said it will expand its U.S. energy investment banking team and announced an increase …
Exclusive-Russian oil firms to reopen wells in June banking on demand rally, sources say
(Reuters) – Russian oil companies led by Rosneft plan to re-open wells in June which they had shut due to Western sanctions, four sources said, …
The National Credit Union Administration Has Given The Green Light for a New Charter Application for Diverge, a Proposed Federal Credit Union. This New Credit Union Will Improve Access to Affordable Banking Products and Provide a Financial Home for Historically Unbanked People.
First Step Alliance, a New Jersey 501(c)(3) non-profit organization working on behalf of formerly incarcerated individuals, has been approved as a Membership Association for Diverge. FORT …
Sberbank’s online banking operations compatible with Russian-made system
(Reuters) – Russian lender Sberbank on Wednesday said its online banking systems SberBusiness and SberPro have been deemed fully compatible with Astra Linux, a Russian-made …
Ukraine’s banking sector increases losses as war rages
KYIV – Ukraine’s banking system posted a net loss of 7.4 billion hryvnias ($253 million) in January-April, a rise from 0.16 billion hryvnias in January-March, …
Exclusive-U.S. “open banking” rule bogged down by privacy concerns – sources
By Katanga Johnson and Hannah Lang (Reuters) – A long-awaited U.S. “open banking” rule that could dramatically boost consumer finance competition and increase Americans’ access …
Factbox-Citigroup’s Mexican consumer banking unit lures various potential bidders
MEXICO CITY – Citigroup’s Mexican consumer banking arm Citibanamex has started to share information with banks and other parties interested in bidding for the country’s …
War pushes Ukraine’s banking sector into loss in Q1
KYIV – Ukraine’s banking system posted a net loss in the first quarter after lenders had to transfer over $730 million of their earnings in …
U.S. CFPB chief to testify before Senate panel around open banking, Big Tech -testimony
By Katanga Johnson WASHINGTON – The U.S. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra will tell congress on Tuesday that the agency will propose …
Former Co-Owner Of Vikings Pleads Guilty To Providing Shadow Banking Services To Cryptocurrency Exchanges
Damian Williams, the United States Attorney for the Southern District of New York, announced that earlier today, REGINALD FOWLER pled guilty to bank fraud, bank …
Lebanon banking group rejects latest draft of financial recovery plan
BEIRUT -The Association of Banks in Lebanon said on Saturday it “completely rejects” the government’s latest draft of a financial recovery plan meant to pull …
Mexico banking institution Banorte in talks with Citibanamex- Banorte CEO
(Reuters) – Mexican banking institution Banorte is in talks with Citigroup Inc’s Mexican consumer banking business Citibanamex for the sale of its assets, Banorte chief …
Russia set to ban sharing of ‘banking secrets’ overseas
(Reuters) – Russia’s lower house of parliament has approved a draft bill that would ban Russian banks from sharing “banking secrets” with foreigners, the State …
Ex-Goldman executive banned from banking over mishandling of documents, Fed says
(Reuters) -A former Goldman Sachs <GS.N> managing director has been permanently barred from the banking industry over mishandling confidential documents leaked from the New York …
Spain’s banking bailout fund FROB surpasses 50% stake in bad bank Sareb
MADRID – Spain’s state rescue fund FROB has increased its stake in the country’s “bad bank” Sareb to more than 50%, in line with a …
Bank of Canada’s Macklem to chair Basel banking committee’s oversight body
(Reuters) – The oversight body of the Basel Committee on Banking Supervision (BCBS) said on Friday it has appointed Tiff Macklem as its new chair, …
ECB objects to EU’s plan to water down banking rules
FRANKFURT – European Union lawmakers should not grant banks exceptions from new global rules designed to avoid a new financial crisis, highlighting risks relating to …
Senate banking panel to move forward with other Fed nominees -Brown
– U.S. Senate Banking Committee Chair Sherrod Brown said Tuesday he will move to hold a vote on four of President Joe Biden’s nominees to …
Credit Suisse names Rawra head of clean tech banking for Canada – memo
– Credit Suisse has named Saad Rawra as its head of clean-energy technology banking and Canadian head of diversified industries group to help drive the …
Ukraine’s banking system remains resilient despite war, says central bank governor
LVIV – Ukraine’s central bank governor Kyrylo Shevchenko said on Thursday the Ukrainian banking and financial system remained resilient amid Russia’s invasion and had been …
Russian banking liquidity shortage widens to 7 trillion roubles, central bank says
MOSCOW – The Russian banking system’s liquidity shortage widened to 6.9 trillion roubles ($68.25 billion) on Wednesday, the central bank said, up from 5.4 trillion …
U.S. concerned at ‘abuses’ in Lebanese banking system, urges probes
BEIRUT -A U.S. Treasury delegation urged Lebanese authorities to mount investigations into what it described as abuses within the Lebanese banking system by members of …
Ukraine’s banking system is running smoothly, say central bank
LVIV – Ukraine’s banking system is running smoothly and banks are replenishing cash machines where possible, central bank governor Kyrylo Shevchenko said in a statement …
Paralysed banking system pushing Afghanistan towards collapse – Red Cross
By Alexander Cornwell DUBAI – Afghanistan is inching closer towards economic collapse six months after the Taliban seized power, the Red Cross said on Friday, …
Broker Peel Hunt flags profit miss on delay in investment banking deals
– British broker Peel Hunt said on Wednesday it expected full-year earnings to miss analyst views, hurt by deal delays in its investment banking unit …
U.S. Senate banking committee to vote on Fed nominees on Feb. 15
– The U.S. Senate banking committee will hold a vote on advancing the nominations of a slate of nominees to the Federal Reserve on Tuesday …
Senate Banking Committee Prepares For Showdown Over Fed Nominees
Chris Brunet on February 2, 2022 Three of President Joe Biden’s picks to regulate the banking industry will be grilled in front of the Senate …
Credit Suisse hires Oliver Wyman adviser as investment banking vice chair – memo
By Emma-Victoria Farr LONDON – Credit Suisse has hired a senior Oliver Wyman adviser as vice chairman of investment banking and capital markets, according to …
‘Hyper-Partisan’ Fed Nominee Blocks Senate Banking GOP On Twitter
Chris Brunet on February 2, 2022 President Joe Biden’s latest nominee to regulate the banking industry blocked the Senate Banking GOP Twitter account in advance …
Vicari meets with banking commissioner as banks close in senior populated Ocean County
TOMS RIVER, NJ – Ocean County senior citizens are concerned about the recent trend of banks closing local and small community branches. The county is …
NYT Alleges Biden’s Failed Banking Pick Saule Omarova Was ‘Painted’ As A Communist By Republicans And ‘Lobbyists’
The New York Times alleged that Republicans and bank lobbyists “painted” President Joe Biden’s pick for a top banking regulator as a communist because she …