UBS to cut 3,000 jobs after Credit Suisse takeover
The Swiss bank reports bumper profits following the rescue of its rival but staff face redundancies.
2023-08-31 17:16
Mexico central bank lauds economy's resiliency but rate cut discussion 'not on the table'
By Brendan O'Boyle MEXICO CITY Mexico's central bank raised its economic growth forecasts for 2023 and 2024, citing
2023-08-31 12:50
Sam Bankman-Fried could have FTX fraud trial delayed
By Luc Cohen and Jonathan Stempel NEW YORK A U.S. judge said on Wednesday he would consider delaying
2023-08-31 03:46
SoftBank fund cuts stake in India's Zomato in $115-million deal
BENGALURU SoftBank Vision Fund on Wednesday sold a 1.17% stake in Indian food delivery firm Zomato in a
2023-08-30 22:19
Chinese bank shares fall on existing mortgages rate cut concerns
BEIJING Shares in China's banking sector dropped on Wednesday on worries that a reduction in existing mortgage rates
2023-08-30 10:59
US financial regulators green lit new rules aimed at reducing the cost of bank failures
A group of US financial regulators signed off on new rules aimed at preparing large and regional banks for failure. in the event they fail.
2023-08-30 07:23
S&P Global downgrades Rite Aid on restructuring risk
S&P Global Ratings on Tuesday downgraded Rite Aid Corp to "CCC-minus" from "CCC-plus" on increased risk from restructuring.
2023-08-30 04:49
Most European banks' deposits hit as savers hunt for deals -S&P
By Iain Withers LONDON A majority of large European banks reported a fall in deposits over the year
2023-08-29 22:23
China's AgBank posts 3.48% rise in first-half profit
HONG KONG/BEIJING (Reuters) -Agricultural Bank of China Ltd (AgBank), the country's third-largest lender by assets, reported a 3.48% rise in
2023-08-29 17:17
FDIC set to unveil plan for stricter regional bank rules
By Pete Schroeder WASHINGTON A top U.S. banking regulator is set on Tuesday to propose heightened rules to
2023-08-29 13:15
Lordstown hopeful to find buyer for all or some parts of business - Bloomberg News
Lordstown Motors is formulating a debt repayment plan and is hopeful that it will find buyers in Chapter
2023-08-29 09:57
US judge tosses most of Commerzbank $1 billion mortgage lawsuit against BNY Mellon
By Jonathan Stempel NEW YORK A U.S. judge on Monday dismissed most of a lawsuit where Germany's Commerzbank
2023-08-29 05:59