Banks and Regulators Near Agreement on Capital Rules Amidst Lobbying
Banks and regulators near deal on capital rules after intense lobbying efforts by CEOs like Jamie Dimon
Shareholders of Bank Muscat Approve the EMTN Program and Cash Dividend
With the approval of critical initiatives such as the EMTN Programme and a generous cash dividend, the Bank Muscat demonstrates resilience and adaptability in navigating evolving market dynamics.
Effortless Banking: Attijariwafa Bank Offers Google Pay for Improved Digital Transactions
his strategic move underscores the bank’s commitment to staying at the forefront of technological advancements and meeting the evolving needs of its clientele.
U.S. Federal Reserve Unveils 2023 Bank Stress Test Results
In a testament to the strength of the U.S. banking sector, the Federal Reserve’s unveiling of the 2023 bank stress test results showcased the industry’s resilience while shedding light on potential areas of concern. These annual evaluations, designed to simulate severe economic downturns, have become vital in safeguarding the financial system. While the tests revealed banks’ improved ability to navigate challenging scenarios, they also emphasized the need to address vulnerabilities. With a focus on maintaining stability and preparing for future economic challenges, stress tests play a critical role in shaping the future of the banking industry.
ECB’s Lane reveals in private meeting inflation target may be met by 2025 – report
European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2% inflation goal by 2025, the Financial Times said on Thursday in a report that was partly disputed by the bank.
JPMorgan’s profit more than doubles despite trading slump
JPMorgan Chase & Co (JPM.N) reported a 155% jump in profit on Tuesday, getting a boost from the release of loss reserves and a surge in dealmaking, even as the largest U.S. bank dealt with a sharp slowdown in trading activity from last year’s record-breaking levels.
More changes from Orcel’s shake-up of UniCredit due in coming weeks -sources
MILAN, June 29 (Reuters) – UniCredit (CRDI.MI) is set for further senior management changes in the coming weeks as part of new CEO Andrea Orcel’s reorganisation of Italy’s second biggest bank, two people close to the matter said. In May, less than a month after taking the job, Orcel announced an overhaul of top management, streamlining a […]
MOVES Citi shakes up leadership ranks for UK and Ireland deal-making – memo
Citigroup (C.N) has named new co-heads of its banking, capital markets and advisory franchise for the UK and Ireland as part of a leadership shake-up to expand its client network in Europe’s biggest M&A market, according to a memo seen by Reuters.
UK watchdog investigates Greensill and Wyelands Bank auditors
Britain’s accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands Bank as regulatory scrutiny of the companies intensifies.
Analysis: As Fed taper looms, global central banks eye their own exits from stimulus
Haunted by memories of past U.S. interest rate hikes, the world’s central banks are laying the groundwork for a transition to life with less global stimulus, with many countries already signalling moves to the exit.
