Banking
- Europe News
Société Générale to halve oil and gas exposure by 2025
In addition to the 2025 target, the bank said it plans to cut its upstream oil and gas exposure by…
Read More » - Australia News
Interest rate cliffhanger as ECB mulls hike or pause
Hike or pause? Eurozone interest rate setters face a tough call Eurozone interest rate setters face the toughest call of…
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Free cash rumours lead to queues outside banks in Ireland
By Scott Reid with AFP Published on 16/08/2023 – 17:34 A technical fault with bank machines allowed people with no money to…
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European stocks dip as Italy hits banks’ profits with 40% windfall tax
European shares dropped on Tuesday morning as the market considers a new tax introduced by the Italian government targeting extra…
Read More » - Europe News
Ethical and sustainable banks need the EU to level the playing field
By Daniel Sorrosal, Secretary General, FEBEA • Updated: 19/07/2023 – 21:41 The recent provisionally agreed compromise resulting from the trilogues will hopefully lead to some…
Read More » - Australia News
US Fed official calls for increase to bank capital requirements
Michael Barr of the US Federal Reserve has proposed increasing capital requirements for banks with assets of more than $100…
Read More » - Europe News
EU taxpayers’ money still spends the night in climate-unfriendly banks
By Marilyn Waite, Managing Director, Climate Finance Fund • Updated: 05/07/2023 – 17:38 It is imperative that the EU develops a capital allocation strategy that…
Read More » - Europe News
The EU has excluded leading banks from shaping sustainable finance
By Tom Cummings, Chair of the Supervisory Board, B Lab Europe • Updated: 22/06/2023 – 20:02 It’s time to take sustainable banks seriously by including…
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Epstein victims settle sex trafficking suit against JPMorgan for €269m
US bank JPMorgan Chase reached an agreement in principle to settle a class action lawsuit brought by victims of deceased…
Read More » - Australia News
Wells Fargo to pay $1 bn to settle shareholder class action
Since 2016, Wells Fargo has paid billions in settlements and financial penalties related to its business practices US bank Wells…
Read More » - Entrepreneurs
How Digital Banking Impacts Consumers | Entrepreneur
Opinions expressed by Entrepreneur contributors are their own. During the pandemic, the ways we accessed and managed our money transformed.…
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President Biden ramps up pressure on House GOP in debt limit battle, visiting New York
WASHINGTON — Fresh off a White House meeting with no serious breakthrough on the debt limit standoff, President Joe Biden…
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Amidst a Regression, Here’s How Cryptocurrency Will Impact the Financial Sector | Entrepreneur
Opinions expressed by Entrepreneur contributors are their own. The creation of cryptocurrency has brought a revolution to the financial market.…
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Apple Card Savings Account Deposits Hit a Billion in 4 Days: Report | Entrepreneur
On April 17, Apple announced its new Apple Card Savings Account through Goldman Sachs. The savings account has no fees,…
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FDIC recommends overhauling insurance deposit system
By Sharon L. Lynch | Associated Press NEW YORK — The Federal Deposit Insurance Corp. is recommending the U.S. rethink…
Read More » - Europe News
Social media bank runs broke Credit Suisse and SVB. It’s about trust
By Ran Blayer, CEO and founder, Percepto • Updated: 25/04/2023 – 15:00 Banks across the world are succumbing to financial instability, and last month, Credit…
Read More » - Australia News
Over $68 bn withdrawn from Credit Suisse ahead of UBS takeover
Depositors withdrew tens of billions from Credit Suisse in the months ahead of its rescue by rival UBS Tens of…
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Top French court backs unpopular plans to raise retirement age to 64 | CNN
Paris CNN — France’s pension reforms have come into law, a day after the country’s top court approved the government’s…
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Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color | CNN Business
CNN — When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton…
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Still haven’t filed your taxes? Here’s what you need to know | CNN Business
New York CNN — So far this tax season, the IRS has received more than 100 million income tax returns…
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Retail spending fell in March as consumers pull back | CNN Business
Washington, DC CNN — Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled…
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France braces for ruling on Macron’s plan to raise retirement age | CNN
CNN — Heightened security is in place in the French capital Paris as the country braces for a crucial ruling…
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JPMorgan ends remote work for senior bankers | CNN Business
New York CNN Business — America’s largest bank is ending pandemic-era hybrid work for its senior staff. “Our leaders play…
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Living standards are still falling in Japan. That’s a recipe for more stagnation | CNN Business
Hong Kong CNN — Japan’s workers still aren’t getting paid enough to keep up with rising prices. That’s hurting living…
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Analysis: ‘Tone deaf’ Macron faces backlash over Taiwan comments | CNN
CNN — French President Emmanuel Macron might have hoped to focus this week on what may prove the biggest domestic…
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US inflation just reached an inflection point | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
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IMF: Banking crisis boosts risks and dims outlook for world economy | CNN Business
London CNN — At the start of the year, economists and corporate leaders expressed optimism that global economic growth might…
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Fed official: Central bank should be ‘cautious’ in wake of banking turmoil | CNN Business
Minneapolis CNN — The banking crisis could help the Federal Reserve’s fight to bring down inflation, but the central bank…
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Main Street investors bet on comeback for regional banks | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
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Yellen: ‘Not anticipating a downturn’ in the US economy | CNN Business
Minneapolis CNN — US Treasury Secretary Janet Yellen said she believes the American economy remains strong and its banking system…
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Wall Street says bad news is no longer good news. Here’s why | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
Read More » - Entrepreneurs
Why Customer Confidence Always Comes First | Entrepreneur
Opinions expressed by Entrepreneur contributors are their own. If you’re in the professional services industry, take a step back and…
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What markets are watching after digesting the US jobs data | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
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Tupperware stock plunges after warning it could go out of business | CNN Business
New York CNN — Tupperware shares fell nearly 40% in early trading Monday following a bleak warning that its future…
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The Fed could easily drive Black unemployment much higher than the overall jobless rate | CNN Business
New York CNN — Millions of jobs could be on the chopping block this year, as the Federal Reserve continues…
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Switzerland cuts bonus payouts for top Credit Suisse management | CNN Business
CNN — BERLIN -— Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top…
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‘We’re at a tipping point:’ What to expect from the jobs report on Friday | CNN Business
Minneapolis CNN — The US labor market has kept trucking right along even as other areas of the economy have…
Read More » - Australia News
UBS shareholders to weigh in on Credit Suisse mega-merger
UBS, Switzerland’s biggest bank, is absorbing its stricken closest domestic rival Credit Suisse UBS shareholders get their first chance to…
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‘It’s not zero.’ Wall Street is pricing in a small but growing risk of a disastrous US default | CNN Business
New York CNN — A US default would have such devastating economic and financial consequences that many observers dismiss the…
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Who will end up paying for the banking crisis: You | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
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The Fed’s favorite inflation measure cooled in February | CNN Business
Minneapolis CNN — The Federal Reserve’s preferred inflation gauge cooled back down in February after ticking up unexpectedly the month…
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Trump-related stocks surge after indictment | CNN Business
New York CNN — Three stocks with ties to former President Donald Trump surged Friday after two sources familiar with…
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Banking chaos has been bittersweet for crypto and wine | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
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Four bankers who helped Putin’s friend set up Swiss bank account convicted | CNN Business
Four bankers who helped a close friend of Russian President Vladimir Putin move millions of dollars through Swiss bank accounts…
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Why Corporate America has grown silent on gun violence | CNN Business
New York CNN — America’s biggest companies rushed to strengthen their gun safety policies after the mass shooting at a…
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China gave huge loans to some countries. Now it’s spending billions to bail them out | CNN Business
Hong Kong CNN — For the past decade, China has lent massive sums to governments across Asia, Africa and Europe,…
Read More » - Entrepreneurs
Choosing A Bank For Your Startup: Here’s Some Things To Consider | Entrepreneur
Opinions expressed by Entrepreneur contributors are their own. As a newly established startup, there are some key elements that your…
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UBS brings back Sergio Ermotti as CEO to oversee Credit Suisse rescue | CNN Business
Hong Kong/London CNN — UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and…
Read More » - Europe News
Five French banks raided in alleged tax fraud investigation
Authorities raided the Paris offices of five banks Tuesday on suspicion of tax fraud, French prosecutors said. The raids come…
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Commercial real estate is in trouble. Why you should be paying attention | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
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