Saudi Arabia’s biggest lender has appointed a new chief executive to lead the bank, replacing its former acting CEO who was appointed to the role a year ago in the turmoil following the fall of Credit Suisse.
JPMorgan Chase seeks to expand the reach of its wealth management business and bring in more investments by offering a new planning tool to its 54 million Chase retail customers.
Samsung Pay, a payment service owned by South Korea’s Samsung Electronics , will stop working with Russia’s national Mir payment cards from April 3, the two payment systems said on Wednesday.
S&P Global said on Wednesday it had cut its long-term issuer default rating of Swedish property firm SBB to selective default from CCC+ after the group on Sunday said it would buy back debt at a 60% discount to its original value.
U.S. banks could see a modest hit to their earnings due to the $30 billion settlement to limit credit and debit card fees for merchants by payments networks Visa and Mastercard , Wall Street analysts said.
The state-owned Commercial Bank of Ethiopia has recovered more than three-quarters of the $14 million it lost when a software glitch earlier this month allowed customers to withdraw more funds than they held in their accounts, it has said.
LONDON, March 27 (Reuters) – The Bank of England said on Wednesday it was taking a deeper look at risks from the opaque private equity sector, and why valuations of Britain’s main banks are “subdued” compared with international peers.
Visa and Mastercard reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to consumers through lower prices.
Shares in Deutsche Bank climbed to their highest in more than six years on Wednesday, outperforming a weaker banking sector following a Morgan Stanley upgrade to “overweight”.
The European Central Bank is looking for three new bank supervisors to oversee the bloc’s biggest lenders, replacing officials whose term is expiring later this year, the bank said in a vacancy notice on Wednesday.
