India has extended the tenure of the chairman of the State Bank of India (SBI) , the country’s largest lender, until August next year, a government order said on Thursday.
Metro Bank shares plunged more than 25% on Thursday following reports it was exploring options to raise as much as 600 million pounds ($728 million) in debt and equity to bolster its finances, the latest in a string of setbacks to befall the UK lender.
Ireland’s central bank said on Thursday that investment firms and credit institutions engaged in securities markets activity had failed to adequately monitor how staff communicate while working from home, raising the risk of market abuse.
Metro Bank is exploring options to raise as much 600 million pounds ($728 million) in debt and equity financing, people familiar with the situation said on Wednesday, as it works to bolster its balance sheet.
Royal Bank of Scotland (RBS) on Wednesday lost an appeal over unfair commissions that were charged to customers who were sold payment protection insurance (PPI), potentially increasing lenders’ exposure to litigation over the long-running scandal.
Citigroup managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off during its biggest reorganization in decades, according to a global memo to staff on Wednesday seen by Reuters.
Two years after the presidents of the Dallas and Boston Federal Reserve banks left their jobs amid revelations they had traded on financial markets while helping to set monetary policy, an internal watchdog has yet to finish a probe into a scandal that has clouded the U.S. central bank’s reputation.
Federal Reserve Chair Jerome Powell two years ago asked the U.S. central bank’s internal watchdog to investigate the trading activities of some of its senior officials, including Powell. The probe has yet to conclude. Here’s a rundown of key events in the controversy.
Britain’s financial watchdog on Wednesday urged investors who suffered losses from a fund run by one-time star stock picker Neil Woodford to accept a redress scheme or face a costly court battle likely lasting years.
Barclays Plc initiated layoffs this week targeting 3% of its global investment banking workforce, people familiar with the matter said, as it attempts to streamline its franchise after a tumultuous year.
