Citigroup said on Tuesday it will redouble its efforts to automate certain processes and data related to regulatory reporting, and is committed to investing in its risk and control environment in the near term.
Toronto-Dominion Bank , Canada’s second-largest bank, launched a new business focused on providing banking and financing services to technology companies in its domestic market.
FINMA, the Swiss financial watchdog, said on Tuesday that the local HSBC branch has breached its obligations in the prevention of money laundering in connection with two politically exposed persons, without naming them.
The European Union will delay a core element of global reforms to bank capital rules by one year to January 2026, the bloc’s financial services chief said on Tuesday, to ensure a level playing field between EU banks and their U.S. rivals.
Payments firm Fnality and fintech HQLAX said on Tuesday they would launch a new service by year end for banks to slash the time and financial resources needed for settling sterling-denominated repo trades.
Supporters for more consolidation in the euro zone’s banking sector have been watching Spanish lender BBVA’s hostile bid for Sabadell , alongside comments from some supervisors and lawmakers supporting the idea of more tie-ups.
The Federal Deposit Insurance Corp’s five-member board plans to vote on Thursday to downgrade its rating on Citigroup’s data-management systems to a “deficiency” from a “shortcoming,” according to a government official familiar with the matter.
At least five groups of investors submitted binding bids this month in a U.S. court-ordered auction of shares in Citgo Petroleum’s parent, and three have secured financing commitments for Venezuela’s foreign crown jewel, people close to the matter said.
Standard Chartered on Monday lost a bid to cut from a London lawsuit allegations that it broke U.S. sanctions against Iran in a more widespread way than it has previously admitted.
