Wall Street bank CEOs to tout COVID relief push, diversity efforts before Congress
Wall Street bank chiefs will tout the role their institutions have played in getting the pandemic-hit U.S. economy back on track when they appear before Congress this week, but they are likely to face tough questions on hot-button social and economic issues.
As interest rates hit bottom, debt does matter, says Barclays
With global borrowing costs probably as low as they can go, high debt levels will start to matter more in coming years, a Barclays study found, highlighting Brazil as the country at greatest risk of a hit to growth and debt sustainability.
After M&A boom via Zoom, dealmakers hit the road as COVID-19 subsides
Investment bankers’ business of putting together mergers and acquisitions (M&A) has never been stronger. Neither has their fear of missing out on meeting clients.
Rabobank offers metal clients performance incentives on sustainability
Rabobank is offering metal company clients incentives such as lower interest rates if they meet sustainability targets – and piloting penalties for the laggards, an executive from the Dutch lender said on Tuesday.
Goldman’s new director makes its board almost half female
Goldman Sachs Group Inc (GS.N) said on Monday that media lawyer Kimberley Harris would become its newest board member, a move that means nearly half of the Wall Street bank’s board of directors will be women.
Big banks look for post-pandemic rebound of credit card revenue
Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses.
U.S. pot sellers stash cash as banks leave them high and dry
The U.S. cannabis business has a very particular cashflow problem — too much of it.
EXCLUSIVE HSBC CEO says Bitcoin not for us
HSBC (HSBA.L) has no plans to launch a cryptocurrency trading desk or offer the digital coins as an investment to customers, because they are too volatile and lack transparency, its Chief Executive Noel Quinn told Reuters.
Veteran stock picker to join ‘Son-chan’ on SoftBank board
The nomination of Koei Tecmo (3635.T) chair Keiko Erikawa to SoftBank Group’s (9984.T) board adds a veteran games industry executive known for her stock-picking skill, bringing an authoritative voice after the loss of senior industry figures.
S. Korea’s c.bank moves to develop pilot digital currency
South Korea’s central bank on Monday said it will choose a technology supplier to build a pilot platform for a digital currency, moving a step closer to creating a central bank-backed digital currency.
