EBA Tries to Balance Strict Regulation and Flexibility as Banking Landscape Changes
Later this month, the European Banking Authority (EBA) plans to publish 21 proposals and expects to ...
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Tag: banking
Citigroup Delegates $80 Billion of Assets to BlackRock as it Shifts From Wealth Unit
Andy Sieg, the head of Citigroup’s wealth division, stated that they are not in a position ...
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Mediobanca Hastens Banca Generali Acquisition Amid MPS Hostile Takeover
To stave off the MPS acquisition, Mediobanca CEO Alberto Nagel put forth the takeover of Banca ...
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New Green Loans Plan By Bank Could Attract Billions In Climate Finance
This proposal is a ‘transformation’ and an ‘engine for green growth’, believing that it could raise ...
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Bank of England Warns of Economic Stagnation, Approves Interest Rate Cuts
The Bank of England expects the inflation to increase from 2.5% to 3.7%, above the 2% ...
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Thailand’s Economy Misses The Mark But Government To Push Stimulus For 2025
While the Finance Ministry had estimated a 3% growth rate, the Bank of Thailand (BOT) had ...
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HSBC UK Challenges New Fraud Compensation Rules Amid Rising Scam Cases
The head of fraud at the HSBC in the UK, David Callington stated that the new ...
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Citigroup’s China Expansion Faces Roadblocks Due To US Regulators
Citigroup had initially planned to launch its investment banking division by mid-2023, but it later moved ...
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Fed Announces Larger-than-Expected Rate Cut as Inflation Eases
The Fed's policy decision sparked a quiet response from the presidential candidates despite being made just ...
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RBA Reveals Plan to Maintain Cash Rate at 4.35% to Combat Inflation
The RBA felt the need to push back against talk of a near-term reduction in rates ...
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