Italy’s UniCredit has agreed with Italian unions to offer a voluntary early retirement scheme to 510 employees, the departures partly offset by 255 new hires, the First Cisl banking union said on Wednesday.
Deutsche Bank said on Wednesday that efforts to resolve consumer complaints at its Postbank unit would continue into 2024, taking longer than previously anticipated.
U.S. Bank USB.N will pay $36 million over allegations the company illegally blocked out-of-work consumers from accessing unemployment benefits during the coronavirus pandemic, top federal banking regulators announced on Tuesday.
Britain’s banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.
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.
