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…
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 services to the country’s isolated northern Tigray…
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 in the second half of 2022, all…
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 currency and payment headaches, the central bank…
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 unable to retrieve funds following suspected fraud…
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 knowledge of the matter. The appointment, effective…
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 bank to take over as chief executive…
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 of a leadership shakeup at the top…
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 on the BDDK’s website showed that it…
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. “Credit Suisse is today announcing that Roger…
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 paralysis dampening hope of reforms that could…
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 Path that opens the door to thousands…
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 “quickly and decisively” to prevent the surge…
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 capital markets team. Jasper Reiser and Dimitri…
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, offering money transfer and exchange. Today, more…
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 “not dead, just napping”, an official from…
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 in wages from July for the majority…
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, as firms bank on a pick-up in…
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 LEE, N.J., May 25, 2022 — The National…
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 operating system. Removing dependency on foreign systems…
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, as Russia pressed on with its military…
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 to financial services is being held up…
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 No. 3 consumer lender, Citi executives said…
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 local currency to reserves to cover possible…
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 in a “timely fashion” a measure on…
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 fraud conspiracy, operation of an unlicensed money…
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