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…
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 on Friday. The watchdog’s various proposals seek…
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 that would make them looser are passed,…
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’ capital, lead to higher credit costs for…
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 so-called shadow banking sector, taking the lead…
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 so-called shadow banking sector, taking the lead…
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 is on a concerted warpath to dismantle…
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 in countries that Russia terms “unfriendly” or…
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 to deepen its relationships with customers which…
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 and help British companies navigate the challenges…
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 Bank of Japan said on Friday. “Financial…
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 of the first quarter next year. Hernandez,…
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 banking business, under a slew of management…
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 as head of trade body IIF, the…
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 loans to banks in a move that…
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 banking foundations, including the Tuscan bank’s former…
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 said on Tuesday, to try to capture…
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 to an internal memo seen by Reuters.…
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 Shares of Swiss banking giant Credit Suisse…
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 group chief executive. Krupa’s appointment will be…
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 blow from sluggish dealmaking. The merchant banking…
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 union, BBVA Chairman Carlos Torres said on…
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 seen by Reuters. Ma will join the…
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 in this year’s “stress test”, the Bank…
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 in investment banking, its president said on…
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 collapsed bank HBOS, the Bank of England…
Breaking News
