The European Union intends to make it easier to wind down medium-size banks that fail by tapping national deposit guarantee systems for funding, Bloomberg News reported on Friday, citing people familiar with the matter.
The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected, according to people familiar with the matter.
The Asian Infrastructure Investment Bank (AIIB) will stick to its mandate as an apolitical multilateral lender and won’t get dragged into political disputes, even as multilateralism is severely tested, its president, Jin Liqun, said on Friday.
Britain’s digital banks will need support over the next few weeks and months to help them cope with the market fallout from the collapse of Silicon Valley Bank, a trade body representing UK fintechs said on Friday.
A poll of Swiss economists found that nearly half think the takeover of Credit Suisse by UBS was not the best solution, warning the saga has dented Switzerland’s reputation as a banking centre.
Shareholders in UniCredit met on Friday to vote on a new pay scheme for Chief Executive Andrea Orcel designed to reward outperformance with a 30% pay raise.
Spain’s Santander said on Friday it was on track to meet its overall financial targets for 2023 and forecast a positive trend in lending and deposits in the first quarter as it tried to restore confidence in the battered financial sector.
Central bank governors and finance ministers of the Association of Southeast Asian Nations (ASEAN) meeting in Bali have agreed to strengthen cooperation between them to better withstand future global crises, chair Indonesia said on Friday.
Citigroup Inc hired Andy Sieg to lead its global wealth arm, the lender said on Thursday, from Bank of America Corp , where he led the Merrill Wealth Management unit.
