An investor has raised a fresh question with the EMEA Credit Derivatives Determination Committee on whether a credit event occurred with regards to Credit Suisse, renewing a push to trigger payout on credit insurance linked to the Swiss lender.
Britain’s largest domestic bank Lloyds faces a spat with some staff after launching a review of working conditions that could make it harder for staff with caring responsibilities to work flexibly.
Charles Schwab Corp is looking to raise up to $2.5 billion through a debt offering, the brokerage said on Thursday as more companies aim to benefit from investors trying to capitalize on a spike in yields.
The Bank of New York Mellon Corporation priced a $500 million debt offering that was underwritten by minority, veteran- and woman-owned investment firms, the bank said in a statement on Thursday.
Battered shares of PacWest Bancorp and Western Alliance Bancorp edged higher in premarket trading on Thursday as the U.S. midsize lenders looked to sustain a recent rebound booked on bets that the worst of the regional banking turmoil was over.
Russia’s largest lender Sberbank on Thursday reported record first-quarter net profit of 357.2 billion roubles ($4.6 billion) and raised forecasts for several indicators, keeping the bank on course to rebound sharply from a difficult 2022.
Bankers are beefing up risk management, monitoring and emergency procedures around the use of social media after an internet-fueled run toppled Silicon Valley Bank two months ago and sparked turmoil in the industry.
When Hayley Woodin was thinking of giving back to the community while taking her career to the next level, one option stood out: serving on a board of directors.
Many U.S. regional lenders may have to consider selling off commercial real estate (CRE) loans at a steep discount after breaching key regulatory thresholds for exposure to the troubled sector, according to new data and market sources.
Charles Schwab Corp is looking to raise $2.5 billion in long-term debt, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
