Australian lender ANZ has been sanctioned for failing to stop or refund fees for dead customers and not responding to their representatives within a required time frame, a committee that looks at the banking industry’s practices said on Tuesday.
British fintech company Revolut made a record pretax profit of 438 million pounds ($553.81 million) in 2023 on strong user growth and soaring interest-related income, it said on Tuesday, as it looks to cement its place as Europe’s most valuable startup.
The owner of defunct crypto lender Silvergate Bank has agreed to pay $63 million to end probes over compliance lapses, the first federal enforcement action brought against entities and individuals in relation to a crop of bank failures in 2023.
The World Bank Group said on Monday it had started operating a new one-stop-shop loan and investment guarantee platform which it hopes will triple the provision of guarantees and risk insurance provided around the world to $20 billion a year.
The U.S. Securities and Exchange Commission (SEC) has sued crypto-focused bank Silvergate Capital Corp in a federal court for securities fraud, a court filing showed on Monday.
BlackRock has launched a ‘buffer’ exchange-traded fund that seeks to offer a 100% downside hedge to risk-shy investors looking to tap the equity markets, the world’s largest asset manager said on Monday.
UniCredit said on Monday it was challenging the terms set by the ECB for the Italian bank to cut its exposure to Russia, and seeking a ruling from the EU’s General Court, as well as a freezing of the request in the meantime.
Swiss bank UBS has completed the merger of its domestic unit with Credit Suisse’s operations in its home market, the bank said on Monday, adding that the head of the Credit Suisse business was leaving the bank.
A Russian consortium leading a buyout of Yandex, often dubbed Russia’s Google, from its Dutch parent company Yandex NV said on Monday it has received bids from investors to exchange 43.9 million shares as part of the deal.
