Citi executive in charge of implementing bank’s restructuring departs
May 14 (Reuters) – Citigroup’s (C.N), opens new tab Titi Cole, a top executive in charge of implementing its sweeping restructuring plan, is leaving […]
Porch sues China Construction Bank in US over reinsurance fraud losses
May 10 (Reuters) – U.S. insurance and home inspection software provider Porch Group is suing China Construction Bank Corp (CCB) (601939.SS), opens new […]
Macron won’t rule out allowing sale of French banks to European rivals
PARIS, May 13 (Reuters) – French President Emmanuel Macron believes Europe’s banking sector needs greater consolidation, even if that means a major […]
Big-name funds pile into real estate debt as banks retreat
LONDON, May 14 (Reuters) – Some of the world’s largest investors are making deeper inroads into lending to commercial property, as they […]
RBI updates guidance note for banks, NBFCs
The Reserve Bank of India (RBI) has updated its “guidance note” on operational risk management for the financial sector, and also extended […]
JPMorgan turns heads after signing powerhouse $28B team from Merrill
Reportedly generating $10 million in annual revenue, the powerhouse the Gray-Polverini team is led by Eric Gray and Lance Polverini. They have […]
China’s Ping An sells HSBC shares in US$50 million tantrum after reported protest vote against CEO Noel Quinn
China’s largest insurer Ping An Insurance (Group) has sold HK$392 million (US$50 million) worth of its shares in London-based HSBC in an apparent tantrum days after […]
Bangladesh acts to tame inflation as IMF pledges $1.1bn loan
DHAKA — In a coordinated move economists are hailing as a necessary intervention, Bangladesh has taken three significant steps to tame its […]
ASEAN banks grapple with uncertain U.S. Fed interest rate cuts
SINGAPORE — Banks in the Association of Southeast Asian Nations are grappling with uncertainty over their loan books as evidence of persistent […]
Japan stocks have ‘more upside’ amid weak yen: BlackRock’s Larry Fink
TOKYO — Japan’s economy seems to have “turned a corner,” and its stock market remains inexpensive versus most of its peers, CEO Larry […]
Yellen urges action to curb US mortgage market risks
“The vulnerabilities of nonbank mortgage companies can amplify shocks in the mortgage market and undermine financial stability,” said Yellen at an open […]
US banks face climate risk data challenges, Fed analysis shows
WASHINGTON, May 9 (Reuters) – U.S. banks face significant data and modeling challenges in predicting the impact of climate change on their […]