JPMorgan Chase & Co is being scrutinized by U.S. regulators for the due diligence the bank conducted on a number of its past acquisitions, the Financial Times reported on Friday, citing people familiar with the matter.
Federal Reserve lending to financial institutions eased modestly in the latest week, central bank data showed on Thursday, in a sign that financial sector woes that began last month may be beginning to settle down.
After the accuracy of Revolut Ltd.’s accounts drew scrutiny from regulators, the firm’s plan to secure a U.K. banking licence is facing delays, according to two people familiar with the company.
Morgan Stanley Chief Executive James Gorman’s total compensation rose nearly 13% to $39.4 million in 2022 versus a year earlier, according to a filing Thursday.
UBS Chief Executive Sergio Ermotti has told Credit Suisse staff it is “critical” to remain focused on clients and keeping the business running as the merger of the two banks proceeds, according to an internal memo seen by Reuters.
The average interest paid on 12-month deposits in Italy stood at 2.48% at the end of March, up from 2.36% in February, data showed, as banks slowly pass higher official interest rates on to depositors.
Alfa Bank made a record loss of 117.1 billion roubles ($1.44 billion) last year, a company report showed on Thursday, as sanctions on its financial system hit Russia’s big banks.
Investor advisory firm Glass Lewis has recommended that Barclays’ shareholders vote against its bosses’ pay because of long-term bonuses awarded to one former executive who was finance chief when the bank sold billions of pounds of securities in error.
Abu Dhabi Commercial Bank PJSC (ADCB) is not in talks with funds to sell 13.5 billion dirham ($3.68 billion) of bad loans, it said late on Thursday in response to a Bloomberg report citing unnamed sources.
