US Fed To Track The $2 Trillion Shadow Banking Exposure
In a move aimed at enhancing financial stability, the US Federal Reserve has proposed new rules that could revolutionize how ...
Why The Credit Suisse Debacle Won’t Prompt Global Banking Rule Revisions
According to a story by Reuters, the global banking watchdog, the Financial Stability Board (FSB), has recently dismissed the need ...
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 ...
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 ...
Uncovering Vulnerabilities; EU Stress Test Exposes Risks In European Banks
Here is an in-depth look at the recent stress test conducted by the European Banking Authority (EBA) and its impact ...
South Korea Allows New Local Entrants Access To Banking Industry After 30 Years
South Korea's financial regulator has decided to permit new players to enter the banking industry, ending a 30-year-long monopoly by ...
US Regulators Contemplating Stricter Regulations For Banks Exceeding $100 Billion
Due to risks, US regulators plan stricter regulations for banks exceeding $100B in size. Proposed regulations may include some rules ...
Economic Challenges Impact Goldman Sachs; Revenue Slump And Job Cuts Looming
Goldman Sachs plans to cut more jobs as the economic environment worsens. The company's trading revenue is expected to slump ...
HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations
Ping An failed to secure 75% of the required vote to force through the split. HSBC has repeatedly rejected calls ...
JP Morgan, PNC Race To Acquire Troubled First Republic Bank
The San-Francisco-based lender lost 97% of its market value prompting the regulators to intervene. First Republic recently disclosed losing 40% ...
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