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…
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 the country out of an economic meltdown.…
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 executive Marcos Ramirez Miguel said Thursday. Ramirez…
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 Duma said in a statement on Wednesday,…
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 Federal Reserve, the U.S. central bank said…
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 European Union order to count its liabilities…
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, effective immediately. The BCBS constitutes 45 members,…
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 housing and derivatives, the European Central Bank…
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 the Federal Reserve Board after the fifth,…
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 Swiss bank’s growing global energy tech franchise,…
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 boosted by international financial support amounting to…
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 roubles a day before as people rush…
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 the political and economic elite, the U.S.…
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 on Tuesday. Online banking is operating as…
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, with a paralysed banking system stymieing international…
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 and a slowdown in its trading division,…
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 Feb. 15, it said on Friday. Fed…
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 on Thursday amid partisan tensions and looming…
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 a memo seen by Reuters. A bank…
‘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 of her confirmation hearing on Thursday. The…
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 home to one of the largest senior…
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 was born in the Soviet Union. Biden…
Biden’s Banking Regulator Pick, Soviet Ex-Pat Refuses To Hand Over Thesis On Marxism written while living in Soviet Union
, President Joe Biden’s nominee to head the Office of the Comptroller of the Currency (OCC), is refusing to hand over to the Senate Banking Committee her university thesis on Marxism written…
Murphy banking on mail-in ballots, early voting to defeat Ciattarelli
TRENTON, NJ – There’s an increase across New Jersey in mail-in ballot registration and it’s being powered by an effort by the Democrat National Committee, along with state and local Democrat party…
Biden’s Reported Pick For Banking Regulator Once Praised Former Soviet Union For Having ‘No Gender Pay Gap’
President Joe Biden’s reported pick to run a top Wall Street regulatory agency division once praised the former Soviet Union for its gender equality. Cornell Law School Professor Saule Omarova, who is…
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