The head of the Federal Deposit Insurance Corporation said Thursday that bank regulators are considering applying an upcoming set of stricter capital rules to banks with over $100 billion in assets.
Indian gaming-focused venture capital (VC) fund Lumikai on Thursday said it has launched a $50 million fund, which includes investments from South Korea’s Krafton and Japan’s Colopl .
Italy’s No.3 bank Banco BPM is seeking a new commercial deal for its payments business but has no plans to sell part of it, Chief Executive Giuseppe Castagna said on Wednesday.
JPMorgan Chase said the U.S. Virgin Islands gave Jeffrey Epstein more than $300 million in tax incentives and waived sex offender monitoring requirements, shielding the disgraced late financier as he gave cash and gifts to top officials.
The Swiss National Bank raised its policy interest rate by 25 basis points on Thursday as the central bank pressed ahead with its campaign to dampen stubborn inflation and signalled that more tightening was likely to come.
FirstRand , South Africa’s biggest bank by market value, said on Wednesday its non-performing loan ratio would stay below its target range as it maintains its conservative lending stance.
Deutsche Bank is drawing up plans to cut 10% of its 17,000 German retail jobs over the next few years as part of cost savings, a person with knowledge of the matter said on Thursday.
U.S. banks are pushing to soften a major regulatory proposal to hike bank capital requirements, worried it could prove too onerous, especially for lenders still reeling from the March banking crisis, according to six people briefed on the matter.
The Swiss National Bank will consider closely the size of UBS following the completion of its takeover of Credit Suisse, the central bank’s vice-chairman said on Thursday.
The Federal Reserve and the European Central Bank may mop up as much as 90% of the money they pumped into banks over the last decade now that high inflation and interest rates make that extra liquidity unnecessary, a paper by a Fed economist showed on Thursday.
