The Swiss Bankers Association (SBA) on Tuesday said it is open to discussions on a possible senior management regime for the country’s lenders, one of the new measures demanded by Swiss regulator FINMA following the crash of Credit Suisse.
Britain’s Financial Conduct Authority (FCA) will not take action against Odey Asset Management (OAM), the fund manager that closed this year after a string of sexual misconduct allegations by women against its founder Crispin Odey.
BlackRock has updated its proposed filing for a spot bitcoin exchange-traded fund (ETF) to allow cash redemptions, in a move which could help it secure an approval from the U.S. Securities and Exchange Commission.
Credit Suisse came close to imploding months before its eventual rescue, the Swiss financial regulator said on Tuesday in its first detailed account of the crisis, as it argued for stronger powers to oversee lenders in future.
Indian lenders doubled the amount of funds raised via longer-term infrastructure bonds this year, as increased federal government spending on long-term projects created lending opportunities.
Bank of Nova Scotia (Scotiabank) is eyeing North America’s booming $1.6 trillion trade with its renewed Mexico bet, a strategy that offers hope but brings risks that have seen many global lenders including Citigroup Inc. scaling back.
The International Monetary Fund’s governing body has approved a 50% increase in quota resources to be contributed by member countries in proportion to their current IMF shareholding, bringing total quotas to $960 billion, the IMF said on Monday.
Nearly 170 former employees of California’s failed First Republic Bank have sued the U.S. Federal Deposit Insurance Corporation (FDIC), alleging that the regulator is improperly blocking their access to at least $150 million in retirement funds, a plaintiffs’ attorney said on Monday.
The new CEO of Brazilian lender Bradesco , Marcelo Noronha, sees an open window for public offerings in the country next year, he said on Monday, mentioning falling interest rates in the United States and stronger growth in Brazil.
