Banking
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ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market
In a rather unforeseen turn of events, Wall Street has been sent into a tailspin following the unprecedented cyber hack that targeted…
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Credit Suisse Triumphs In London Court: Legacy Mortgage Securities Case Resolved
Credit Suisse has emerged victorious in a long-standing case involving mortgage-backed securities valued at $100 million. Loreley Financing, a special purpose vehicle…
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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…