Banking
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Nationwide Shakes Up British Banking Sector With £2.9B Virgin Money Takeover Bid
Nationwide is planning to acquire Virgin Money for 2.9 billion pounds, potentially marking the end of an era for Richard Branson’s brainchild.…
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In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan’s Raghavan As Head of Banking
In a strategic move shaking up the financial landscape, Citigroup has secured Viswas Raghavan, formerly of JPMorgan Chase, as its new Head…
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A Look Into Why NYCB’s Losses Have U.S. Regulators Concerned
In the complex world of finance, even the slightest tremor can send ripples of concern through the market. Such was the case…
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Morgan Stanley Faces $1.6 Million Fine over Regulatory Compliance Lapses
Morgan Stanley recently found itself in the regulatory crosshairs as the US Financial Industry Regulatory Authority imposed a $1.6 million fine on…
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Barclays To Acquire Majority Of Tesco’s Banking Operations In $757 Million Deal
Barclays has announced its acquisition of most of Tesco’s banking arm for $757 million. The deal marks a shift for both companies,…
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Citi Urges Investors To Seize The Moment In US Banking Sector Amid Industry Turmoil
In the wake of recent turbulence within the U.S. banking sector, Citigroup analysts advocate for investors to adopt an aggressive stance toward…
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RBC’s American Unit Hit With A $65M Fine Over Risk Management Flaws
The Royal Bank of Canada’s (RBC) American unit, City National Bank, was fined $65 million by the Office of the Comptroller of…
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Bank Mergers Under The Microscope As OCC Pushes For Transparency And Accountability
To enhance transparency and accountability in the realm of bank mergers and acquisitions (M&A), a top U.S. bank regulator is set to…
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Texas Bars Barclays From Bond Deals Over ESG Concerns
Texas Attorney General Ken Paxton has blocked Barclays from participating in municipal bond deals. The bank’s failure to respond to inquiries about…
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Global Banks Poised For A $7 Trillion Boost In Valuations
In a detailed report released on Monday, the Boston Consulting Group (BCG) has revealed that global banks could witness a staggering $7…