HSBC’s biggest shareholder Ping An is likely to vote in favour of splitting the bank up at its annual investor meeting on May 5, a source familiar with the Chinese insurer’s thinking said on Monday.
There may need to be limits initially on the use of major stablecoins for payments, and they should also be backed by high quality and liquid assets to protect consumers, Bank of England Deputy Governor Jon Cunliffe said on Monday.
Charles Schwab Corp beat first-quarter profit estimates as rate hikes by the Federal Reserve boosted the financial services provider’s interest income, even as it struggled with a decline in deposits from the U.S. banking crisis last month.
The Bank of England (BoE) has said it is considering “improvements” to the mechanism under which depositors can recover money in their accounts at smaller banks that get into difficulties.
Italy’s second-largest bank UniCredit on Monday appointed Silvia Viviano as Head of Equity Capital Markets, promoting her with immediate effect from her current role of Head of Alternative Capital Markets.
Digital finance firms in Britain will find it tougher to raise funds due to higher interest rates and investor caution after the collapse of U.S.-based technology lender Silicon Valley Bank (SVB), executives told an industry event on Monday.
State Street Corp reported a first-quarter profit on Monday that missed analysts’ estimates, hurt by a fall in fee income due to the recent U.S. banking crisis, sending the company’s shares down 10% in premarket trading.
Abu Dhabi Commercial Bank , the UAE’s third-biggest lender, reported a 27% rise in first-quarter net profit, boosted by higher net interest and non-interest income.
The European Central Bank should stop relying on banks’ self-assessments when setting capital requirements and do its own homework instead, independent experts said on Monday.
M&T Bank Corp beat Wall Street estimates for first-quarter profit on Monday, as the U.S. Federal Reserve’s rapid rate hikes to tame high inflation boosted the lender’s interest income.
