Tag: banks
Sex Abuse Inquiry Poses Leadership Test for World Bank’s Ajay Banga
At the World Bank's annual meeting in Morocco last year, the organization's new president, Ajay Banga, outlined a broad vision for ridding the...
China’s PBOC governor says there’s room to cut banks’ RRR
China's central bank governor said there was scope to further cut banks' reserve requirements and vowed to use monetary policy to support consumer...
Banks ask for help protecting customers from online romance scams
The banking industry is asking the federal government and the social media industry for help to stop an escalating crisis that is costing...
‘Zombie Offices’ Spell Trouble for Some Banks
Graceful Art Deco buildings towering over Chicago's main business district have an occupancy rate of just 17 percent.A series of gleaming Denver office...
Moody’s downgrades bank’s credit rating to junk
The New York Community Bank (NYCB) headquarters in Hicksville, New York, USA, on Thursday, February 1, 2024.Bing Guan | Bloomberg | ...
Banks Sue Regulators Over Anti-Redlining Rule
Some of the banking industry's most powerful trade groups sued the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the...
Mastercard launches GPT-like AI model to help banks detect fraud
BARCELONA, SPAIN – MARCH 1: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1,...
German regulator urges banks to set aside bumper profits for bad...
The headquarters of the German banks Deutsche Bank (L) and Commerzbank in Frankfurt, Germany.FRANK RUMPENHORST | DPA | Getty ImagesBanks should...
UBS CEO says Swiss public ‘indoctrinated’ to worry about bank’s balance...
Sergio Ermotti, CEO of UBS GroupStefan Wermuth | Bloomberg | Getty ImagesUBS CEO Sergio Ermotti said on Wednesday that people worried...
What Is the Basel III Endgame, and Why Are Banks So...
An unusual coalition of banks, community groups and racial justice advocates is calling on federal regulators to reconsider their proposed plan in July...