Banking
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Investors Jitter As Europe’s Big Banks See Shares Slide
In the heart of the financial world, Europe’s banking giants are facing a tumultuous storm as their recent earnings updates have left…
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Brazil’s Central Bank Foresees A Cashless Future: Is The Credit Card Era Over?
During an event in Miami, the President of the Central Bank of Brazil, Roberto Campos Neto, announced his vision for the financial…
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Canadian Banks Brace For Higher Capital Requirements Amidst Rising Mortgage Risks
The Office of the Superintendent of Financial Institutions (OSFI) has called for heightened capital reserves in response to the mounting mortgage risks.…
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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 for significant…
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Bitstamp Is Reportedly Talking To European Banks To Offer Crypto Services
The oldest crypto exchange, Bitstamp, is courting three major European banks to offer digital asset services. The latest reports by Coindesk indicate…
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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 discussions with…
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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 about potential…
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SEC Hits Goldman Sachs With $6 Million Fine For Decade-Long Reporting Failures
Goldman Sachs was caught in a tough spot after the Securities and Exchange Commission (SEC) imposed a $6 million penalty for alleged…
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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 sent shockwaves…
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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 quarter of…