By Stefania Spezzati LONDON (Reuters) – The European Central Bank has asked some banks to closely monitor activity on social media to detect a worsening in sentiment which could lead…
SHANGHAI/BEIJING (Reuters) – China’s central bank asked some lenders to cap interest rates on an interbank debt instrument this month, people with knowledge of the matter said on Friday, referring…
Gregory J. Haanstad, United States Attorney for the Eastern District of Wisconsin, announced that on October 17, 2023, defendants Aziz Hassan Bey, Letez Osiris Bey, Minister Zakar Ali, and Divine-Seven El…
NEW YORK (Reuters) – Morgan Stanley was sued on Monday for at least $750 million by private equity firms that claimed they were defrauded in an investment with a high-speed…
By Jody Godoy (Reuters) – A California judge is poised to decide if an online lender offering small loans at over 150% interest violates state law, which would deal a…
(Reuters) -Money-losing private jet charter company Wheels Up Experience said on Tuesday it would give up 95% of its common stock in return for a $500 million lifeline from Delta…
(Reuters) -Private jet company Wheels Up Experience is in talks with lenders about a debt restructuring while exploring other options to avoid bankruptcy, the Wall Street Journal reported on Friday.…
(Reuters) – Tupperware Brands said on Thursday it has finalized an agreement with its lenders to restructure its debt obligations in an effort to turnaround its business, sending its shares…
By Rae Wee SINGAPORE (Reuters) – When global commercial real estate services firm JLL found public debt and loan markets were averse to funding a property project in Arizona, it…
By Winni Zhou and Ryan Woo SHANGHAI/BEIJING (Reuters) – China’s major state banks have lowered their dollar deposit rates for the second time in a month, seven banking sources with…
By Huw Jones LONDON (Reuters) -The Bank of England said on Monday that banks may be underestimating their exposure to private equity and to commodity markets at a time when…
(Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions should work “prudently and constructively”…
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Bank of Japan Deputy Governor Ryozo Himino said the country’s banking sector remains sound and has sufficient buffers to weather any…
SAO PAULO (Reuters) – The chief executives of Brazil’s largest private lenders, Itau and Bradesco, defended on Tuesday the government’s planned tax reform, emphasizing that the country is facing a…
BEIJING (Reuters) – Several Chinese commercial banks cut interest rates on a range of yuan deposits from Monday, following their larger peers in a coordinated move to ease pressure on…
By Jorgelina do Rosario and Uditha Jayasinghe WASHINGTON/COLOMBO (Reuters) – Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its…
BEIJING (Reuters) – China’s top lenders should enhance risk management practices and be more sensitive to macroeconomic fluctuations, senior Chinese banking officials said, in response to a global banking sector…
SEOUL (Reuters) -South Korea’s top financial regulator on Friday called on the country’s major banking groups to cooperate with the government’s efforts to help cut borrowing costs for vulnerable people.…
(Reuters) – Australian banks are well-positioned to deal with the pressures emanating from the recent bank runs in the United States, but their margins could be squeezed by the fierce…
By Tatiana Bautzer and Nupur Anand LAS VEGAS (Reuters) – Mid-sized U.S. lenders are getting creative as they try to hang onto customer deposits after two bank failures rattled consumers…
By Huw Jones LONDON (Reuters) – The Bank of England will decide by year end if tougher disclosure rules are needed for banks after the near meltdown in pension funds…
NEW DELHI (Reuters) -Chinese Foreign Minister Qin Gang called on global financial institutions on Thursday to play an active role in restructuring the debt of developing countries. China, the world’s…
Damian Williams, the United States Attorney for the Southern District of New York, announced today that ANTHONY RICCARDI, an owner and manager of the Connecticut insurance firm Employee Benefit Solutions…
By Gabriel Araujo SAO PAULO (Reuters) – Banco BTG Pactual SA on Monday became the latest Brazilian lender to be affected by bad credit provisions due to what it called…
Damian Williams, the United States Attorney for the Southern District of New York, announced today that NIHAT CARDAK, the former Chief Financial Officer (“CFO”) of the Virginia-based email security company…