Over 42 million customers have used Bank of America’s virtual financial assistant more than 2 billion times since its launch in 2018, the lender said on Monday.
Nigeria’s central bank has barred commercial lenders from accepting foreign currency-denominated collateral to grant naira loans, a move that could protect the banking system against a strengthening of the local currency, it said on Monday.
Complaints by bank customers to Germany’s financial regulator nearly doubled last year, figures published on Monday showed, with many of them directed at a single lender.
JPMorgan Chase’s board said an orderly CEO transition is a top priority for the largest U.S. bank in the medium term, 18 years after Jamie Dimon took the helm.
UBS said on Monday its Japanese wealth management joint venture with SuMi TRUST Wealth Management Co, will acquire Credit Suisse’s wealth management business in Japan following the Swiss bank’s absorption of its stricken rival in 2023.
HSBC’s European chief is betting on rising regional wealth and overseas expansion by Asian corporate clients to boost his unit’s contribution to group profit after a multi-year reboot turned the business from laggard to profit engine.
Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how authorities will protect Switzerland from the risk of the country’s only remaining big bank also imploding. It is about to find out.
The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shocks due after a recent exercise on tackling the failure of a large bank.
BNP Paribas , the euro zone’s largest bank, has appointed Aymar de Liedekerke Beaufort as its global banking head of Asia Pacific with immediate effect, it said on Monday.
