A top U.S. banking regulator on Thursday called for new liquidity rules to help lenders respond to runs by depositors of the kind that felled Silicon Valley Bank (SIVBV.UL) and other mid-size banks last year.
Britain’s finance minister Jeremy Hunt will meet the bosses of top British banks next Tuesday to seek reassurance they can keep lending to the economy, four sources familiar with the matter said on Thursday.
Citigroup launched a private lending vehicle in partnership with alternative investment manager LuminArx Capital on Thursday, looking to expand its footprint in a market that has attracted significant attention in recent months.
Several U.S. banks reported a plunge in fourth-quarter profits on Thursday, hurt by a drop in interest income and charges tied to replenishing a deposit insurance fund.
The world is entering a “new economic regime” that will see company performance driven by how boards manage mega-trends including the transition to a low-carbon economy and AI, asset manager BlackRock said on Thursday.
China has granted six foreign banks licences allowing them to act as lead underwriters for debt issues in China, as it admits more foreign players into the country’s fast growing renminbi-denominated onshore debt market.
M&T Bank’s fourth-quarter profit plummeted 37% on Thursday, due to higher deposit costs and a special assessment fee the lender has to pay to refill a government deposit insurance fund
KeyCorp posted a drop in its fourth-quarter profit on Thursday as the lender recorded costs associated with replenishing a government deposit insurance fund, sending its shares down nearly 5% in the premarket trading.
The Reserve Bank of India (RBI) sold $1.93 billion, on a net basis, in the spot foreign exchange market in November, data released on Thursday as part of the central bank’s monthly bulletin showed.
