Analysis-Swiss banking plan leaves ‘relieved’ UBS out of immediate firing line
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” in line…
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 financial system fallout may have a knock-on…
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 the United States. The government, however, was…
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 banking system from stable to negative Monday…
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 and Citigroup Inc with deposits after the…
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 U.S. banks collapsing and regulators steaming in…
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 is confident in the steps he has…
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 are well capitalised and conduct regular stress…
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 actions to shore up deposits and stem…
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 a source familiar with the situation. The…
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 one year after Moscow sent its troops…
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 yield curve control, and a former banking-sector…
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, Chief Financial Officer Jeremy Barnum said at…
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 to end “ESG woke banking” in the…
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 Platform Solutions unit, according to an internal…
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 of coverage through the ups and downs…
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 by Reuters. Bhatia, a former PayPal executive,…
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 risks in the shadow banking sector. The…
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 plan to ban Chinese telecommunications giant Huawei…
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 the bank last year, after 20 years…
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 it would stop giving loans to fund…
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. Ms. Abay, a Turkish national who currently…
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 bank said in a statement on Thursday.…
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 severe stress to the system and the…
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 on Wednesday, calling “remarkable” the recent progress…
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 and are withdrawn. They were based on…
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