Metro Bank Rejects Shawbrook’s Takeover Bids, Explores Debt Restructuring
British lender Metro Bank has rejected takeover bids from specialist business lender Shawbrook. Instead, Metro Bank is now engaged in ...
Citi’s UK Workforce On Edge As Job Cuts Loom Large In Sweeping Restructuring
In a recent internal office memo obtained by Reuters, Citigroup (Citi) has issued a stark warning to its UK-based employees ...
SEC Hits Goldman Sachs With $6 Million Fine For Decade-Long Reporting Failures
SEC’s charges involve alleged lapses in blue sheet data. Goldman Sachs reportedly admitted to the charges. Goldman Sachs was caught ...
A Look At “March Madness”: The Lingering Impact Of The Banking Crisis On The U.S. Economy
In March of this year, the U.S. banking industry experienced what some have termed "March Madness" – a crisis that ...
U.S. Bank Profits Stabilize As Depositors Regain Confidence, FDIC Data Reveals
The Federal Deposit Insurance Corporation (FDIC) reported last week that U.S. bank profits and deposits remained steady during the second ...
Climate Crisis And Financial Institutions: The Ground Reality About Funding In The Global South
Major international banks have funneled trillions into fossil fuel expansion and industrial agriculture in developing countries, despite climate concerns. The ...
Binance Drops Sanctioned Russian Banks From P2P Service
Russian users will no longer be able to transfer rubbles via the exchange’s P2P platform. This move is tied to ...
Banking Shakeup; Credit Suisse To Slash 80% Of Hong Kong Investment Bank Jobs
The integration of UBS Group with Credit Suisse has drawn attention, mainly due to Credit Suisse's challenges with failed deals ...
Standard Chartered Raises Profit Forecast Amid Strong H1 Performance
The lender reported a 25% increase in pre-tax profit. StanChart's financial performance was boosted by rising interest rates. Standard Chartered ...
NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions
National Australia Bank (NAB) has successfully intervened in over $270 million in customer payments over the past four months. According ...
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