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World Bank Raises Alarm As Debt Levels Soar For World’s Most Vulnerable Economies
In a sobering report released on Sunday, the World Bank revealed that the world’s 26 poorest nations are grappling with their worst…
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Germany Seeks To Block UniCredit’s Commerzbank Deal Over Italy Debt Concerns: Report
Germany raised concerns over a possible takeover of Commerzbank by Italy’s UniCredit, Reuters reported. The possibility of linking German financial stability to…
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JPMorgan Faces $155 Million Asset Seizure In Russian Court Ruling
A Russian court ordered the seizure of $155.8 million from JPMorgan Chase bank accounts in Russia. The move is part of an…
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British Banks Demand Lower Taxes, Higher Competitiveness
Ahead of the Labour government’s inaugural budget, Britain’s finance industry is urging for a reduction in bank-specific taxes, claiming that London’s lenders…
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US Republican Party Backed Chain Bridge Bank Raises $41M In IPO
Chain Bridge Bancorp, a small but politically influential bank, raised $41 million in its US initial public offering, Reuters reported. Despite having…
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Britain Introduces Law To Let Banks Delay Suspicious Payments: Report
Britain has stepped up efforts to stop the rising fraud cases by proposing new legislation that will give banks more authority to…
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Can Switzerland’s New Central Bank Chief Restore Faith In Its Banking System?
Martin Schlegel steps into the leadership of the Swiss National Bank (SNB) this week, taking over the reins from long-time chief Thomas…
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Citigroup And Apollo Partner For $25B Private Lending Program
Citigroup and Apollo have launched a $25 billion private credit and direct lending program in collaboration with Abu Dhabi’s Mubadala Investment Company…
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Starling Bank Warns How Voice-Cloning Technology Puts Millions At Risk
In a growing concern for everyday online users, Starling Bank has issued a warning about a new wave of scams using artificial…
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US Regulators Set To Unveil Major Changes To Bank Capital Rules
In a move that could significantly reshape the landscape of American banking, U.S. regulators are poised to unveil sweeping changes to proposed…