U.S. banks’ 2021 hiring show lenders are seeking talent far beyond Wall Street
By Elizabeth Dilts Marshall NEW YORK – More than half of the new employees banks and other financial services companies hired in 2021 are based …
banks
ECB to force UK-based investment banks to relocate staff, trading
FRANKFURT – Too many global investment banks continue to serve euro zone clients out of London and the European Central Bank plans to force them …
Two major banks expect more pain for U.S. equities
By Saikat Chatterjee LONDON – Two major banks expect more pain for the U.S. stock markets after benchmark indexes posted on Wednesday their worst one-day …
Exclusive-Japan Inc turns against central bank’s monetary stimulus, Reuters survey shows
By Tetsushi Kajimoto TOKYO – More than 60% of Japanese companies want the central bank to end its policy of massive monetary easing this fiscal …
Czech central bank’s Nidetzky: June rate hike coming -Seznam Zpravy
PRAGUE – The Czech central bank is likely to deliver another interest rate hike in June as long as nothing economically significant happens before then, …
ECB tells banks to buckle up as Ukraine war hits economy
FRANKFURT – The European Central Bank has told banks to buckle up and prepare for a bumpy road ahead as the Ukraine war hits the …
Chinese depositors left in dark as three local banks freeze deposits
By Engen Tham SHANGHAI – Three banks in China’s central Henan province have frozen at least $178 million of deposits, offering scant information on why …
Australian banks enter tech arms race as rising rates squeeze profit
By Byron Kaye SYDNEY – The 10-minute home loan – at the tap of a smartphone screen – is emerging as the next frontier in …
Florida private equity manager gets 8 years prison in New York for defrauding banks
By Jonathan Stempel NEW YORK – A Florida man who masterminded a “brazen, sophisticated” scheme to defraud banks into providing about $134 million of loans …
Column-Spiking ‘Misery Indexes’ dare central banks to blink :Mike Dolan
By Mike Dolan LONDON – It’s Friday the 13th and more than $10 trillion has now been sliced off the value of global stock markets …
Japan April consumer inflation seen exceeding central bank’s 2% goal: Reuters poll
By Leika Kihara TOKYO – Japan’s core consumer inflation in April is expected be slightly higher than the central bank’s 2% target, hitting a seven-year …
Rocklin Business Owner Pleads Guilty to Defrauding Banks While Awaiting Sentencing on Other Fraud and Money Laundering Charges
SACRAMENTO, Calif. — Kevin Lee Co, 51, of Rocklin, pleaded guilty today to submitting false statements to a financial institution, U.S. Attorney Phillip A. Talbert …
Canada banks face ‘greenwashing’ claims as oil & gas firms obtain sustainable financing
By Nichola Saminather TORONTO – For banks in Canada, one of the world’s largest oil producers, it’s not easy being green. In the past two …
Bank of Spain sees moderate immediate risk to banks from climate policies
By Jesús Aguado MADRID – Spain’s transition to cleaner energy could bring more notable risks to sectors with higher CO2 emissions, such as transport, manufacturing …
Polish govt not expected to force banks to raise rates on deposits, mBank says
WARSAW – Interest rates on deposits held in Polish banks will grow due to competition, mBank CEO Cezary Stypulkowski said on Wednesday, adding he did …
China state banks seen busy with FX swaps, pressing swap points to negative
SHANGHAI -China’s major state-owned banks were actively swapping yuan for dollars in the onshore forwards market on Tuesday, five banking sources said, pressuring swap points …
Australia’s Albanese banks on working class brand to restore Labor to power
By Byron Kaye SYDNEY – When Australian opposition leader Anthony Albanese was only 12 years old, he says, he helped to organise a rent strike …
Fed says banks in good shape despite volatility, warns on prime broker risk
By Pete Schroeder WASHINGTON – The U.S. Federal Reserve said Friday the U.S. banking system remains strong despite heightened volatility and geopolitical risk, but cautioned …
No messing around, central banks ramp up inflation fight
LONDON – In a race to get on top of surging inflation, central banks in the United States, Britain and Australia, all jacked up interest …
European banks weather Ukraine war in Q1 earnings
LONDON – European banks counted the rising cost of war in Ukraine on Thursday as France’s Societe Generale, Credit Agricole and Italy’s UniCredit upped provisions …
Disconnecting Russia’s banks: Sberbank faces SWIFT removal
By Kirstin Ridley and Karin Strohecker LONDON – The European Union aims to cut off Sberbank, Russia’s largest lender, from the SWIFT international payment system …
StanChart CEO says bank’s global focus still valid amid calls for HSBC break-up
By Iain Withers LONDON – Standard Chartered Chief Executive Bill Winters said the merits of a UK-based, Asia-focused bank remain valid in the face of …
Switzerland names new vice chairman of Swiss National Bank’s governing board
ZURICH – Switzerland’s Federal Council has appointed Martin Schlegel as vice chairman of the governing board of the Swiss National Bank, succeeding Fritz Zurbruegg as …
EU to remove Sberbank, two other Russian banks from SWIFT
STRASBOURG – The European Commission proposed on Wednesday to remove Russia’s biggest bank Sberbank and two other banks from the international SWIFT transaction and messaging …
Upbeat earnings, banks lift European shares
By Sruthi Shankar and Shreyashi Sanyal (Reuters) – European stocks rose on Tuesday after a string of upbeat earnings, while banking shares gained as government …
Australian banks’ margin woes linger but rate hikes may lift view
By Shashwat Awasthi (Reuters) – Australia’s “Big Four” banks are set to report a further squeeze on interest margins in their upcoming results dented by …
China discusses protecting assets from U.S. sanctions with banks -FT
(Reuters) – Chinese regulators held an emergency meeting with domestic and foreign banks to discuss how they could protect China’s overseas assets from U.S.-led sanctions …
Brazil to raise tax on net income of banks, financial firms
SAO PAULO – Brazil’s government will increase taxes on banks and financial institutions on Thursday, the official gazette showed, in a bid to fund a …
Yellen urges development banks to mobilize private capital for G7 infrastructure push
By Andrea Shalal WASHINGTON – U.S. Treasury Secretary Janet Yellen urged the World Bank and other multilateral development lenders to accelerate infrastructure investments in emerging …
Investment banks rush to cut yuan forecasts following rapid losses
SHANGHAI – Global investment houses have rushed to cut their yuan forecasts as China’s currency heads for its worst month in decades, with optimism souring …
Shareholders Defeat Woke Climate Proposals At Three Massive Banks
Shareholders Defeat Woke Climate Proposals At Three Massive Banks Thomas Catenacci on April 27, 2022 Shareholders of three massive U.S. banks delivered a thumping to …
Some Chinese state banks will cut deposit rates on Monday – sources
SHANGHAI – Some Chinese state banks, such as Bank of China and Bank of Communications, will cut deposit rate ceilings on Monday, joining smaller lenders, …
Essex County Man Convicted of Using Credit Cards Stolen from U.S. Mail to Defraud Banks and Commit Identity Theft
NEWARK, N.J. – An Essex County, New Jersey, man was convicted today for his role in scheming with at least one U.S. Postal Service (USPS) …
Japan banks target growth in cooling U.S. high-yield debt market
By Makiko Yamazaki and Yuki Nitta TOKYO – When Japan’s biggest banks helped finance a $34 billion deal last year for medical supply maker Medline, …
‘Panicked’ Russians withdrew $9.8 billion in FX from banks in March
(Reuters) – Russian households withdrew foreign currency worth $9.8 billion from their accounts in March and banks cut new corporate lending by around one third, …
All large euro zone banks can withstand Russian write-off, ECB says
FRANKFURT – All large euro zone banks can withstand a full write-off of their Russian exposure and still respect their capital requirements, the European Central …
Goldman CEO, top deputies to get cut of profits from bank’s private investment funds – WSJ
(Reuters) – Goldman Sachs Chief Executive David Solomon and his top deputies will get a part of profits from the bank’s private investment funds, the …
New Zealand imposes new sanctions on Russian banks
WELLINGTON – New Zealand unveiled new sanctions on Tuesday targeting Russia’s largest banks and financial institutions, in its response to the invasion of Ukraine. “We …
U.S. banks’ commodity trading exposures rise on Russia conflict
By Matt Scuffham NEW YORK – Wall Street banks’ commodities trading exposures are rising, which could leave them vulnerable to large swings in asset values …
Big U.S. banks see higher net interest income as rates rise
By Elizabeth Dilts Marshall NEW YORK – Wells Fargo & Co and JPMorgan Chase & Co reported a rise in net interest income in the …
Marketmind: Central banks flying into storm clouds
A look at the day ahead in markets from Sujata Rao After a hectic period, traders (and reporters) will be looking forward to the long …
Ukraine’s Zelenskiy urges quick EU sanctions on Russian oil, all banks
VILNIUS – Ukrainian President Volodymyr Zelenskiy urged the European Union on Tuesday to impose sanctions on all Russian banks and Russian oil and to set …
Euro zone banks to tighten corporate credit access on war fears: ECB
FRANKFURT -Euro zone banks plan to sharply tighten access to corporate credit in the second quarter as the war in Ukraine weighs on the outlook …
CNN Gives Climate Activists Platform To Pressure Banks To Divest From Fossil Fuels
CNN Gives Climate Activists Platform To Pressure Banks To Divest From Fossil Fuels Thomas Catenacci on April 11, 2022 CNN published an article citing several …
U.S. banks set for better-than-expected trading revenues
By Matt Scuffham NEW YORK – Trading may be a surprise bright spot for Wall Street banks in the first quarter, after clients rejigged portfolios …
U.S. FDIC asks banks for info on crypto activities, cites potential ‘systemic risks’
WASHINGTON – The U.S. Federal Deposit Insurance Corporation (FDIC) on Thursday said the thousands of banks it supervises should notify the regulator of any crypto-related …
Bronx, New York, Man Admits Scheme to Steal Checks from Mail and Defraud Banks of $550,000
NEWARK, N.J.– A Bronx, New York, man today admitted his role in a scheme to steal checks from the mail, alter them and deposit them …
Bank of Spain urges banks to monitor risks, keep provisions amid Ukraine conflict
MADRID – The Bank of Spain told lenders on Thursday to adequately monitor credit risks of some of their customers most exposed to the economic …
Analysis-As bond prices swoon, U.S. banks may slow stock buybacks
By David Henry NEW YORK – Wall Street bankers have long talked about how higher interest rates will deliver additional revenue from loans and higher-yielding …
Bearish bets on Asian FX ease as central banks tilt towards rate hikes – Reuters poll
By Sameer Manekar (Reuters) – Bearish bets on most Asian currencies eased as regional central banks sought to normalise policy due to surging inflation, while …