HSBC said on Thursday it had appointed Goldman Sachs veteran Danielle Johnson as the global head of its institutional client group within the global banking and markets business, effective June 3.
Private credit lender Castlelake will buy up to $1.2 billion in consumer installment loans from fintech firm Upstart to expand its foothold in the retail lending space, it said on Thursday.
Banks across the European Union experienced a jump in souring loans to small and medium sized companies in the first quarter of the year, though their profitability held up, the bloc’s banking watchdog said on Thursday.
Germany has fined Citigroup nearly 13 million euros ($13.94 million) for lapses in its trading system controls, the nation’s bank regulator said on Thursday, as its consumer protection division imposed its largest penalty ever.
British trading platform CMC Markets on Thursday forecast higher operating income in 2025 after a 52% jump in annual profit aided by strong retail and institutional trading and tight cost control measures, boosting shares to a near-two-year high.
Singapore’s banking sector, including wealth management, poses the highest money laundering risk in the city-state, the government said in a money laundering risk assessment report published on Thursday.
Citigroup is looking to boost its business in Europe despite political instability on the continent spooking investors, the bank’s new head of the region Ignacio Gutierrez-Orrantia said in an interview with Reuters.
Switzerland’s financial regulations need further strengthening following the takeover of Credit Suisse by UBS, the Swiss National Bank said on Thursday, pressing for more to be done on capital and liquidity requirements.
India’s Financial Intelligence Unit (FIU) has imposed a fine of 188.2 million rupees ($2.25 million) on the world’s largest crypto exchange, Binance, for operating in the country in violation of local anti-money laundering regulations.
The Reserve Bank of India said on Monday high food prices was impeding the recent easing in inflation, causing its efforts to rein in prices remain a “work in progress”.
