The World Bank on Monday said it is looking at ways to expand the guarantees it provides for commercial loans to boost the private financing available to developing countries.
The U.S. Federal Reserve’s top regulatory official defended a sweeping proposal to overhaul bank capital rules before the country’s largest bank lobby on Monday, arguing the benefits of a bigger cushion outweigh any additional costs banks might face.
World Bank President Ajay Banga will come under pressure this week to focus on climate change, but the former Mastercard CEO first needs to get shareholders in line on how to grow the bank.
Shares in Metro Bank jumped in early trading on Monday, after the embattled British lender struck a fundraising deal overnight to bolster its balance sheet following urgent weekend talks in the wake of volatile trading.
A new tool launched on Monday to track reforms by the World Bank and the five biggest multilateral development banks (MDBs) shows that broad changes are “firmly in play” but progress in implementing them has been limited thus far.
Australia’s biggest lender Commonwealth Bank of Australia will cut 192 jobs from its back office operations in Sydney, Melbourne and Perth, including some workers currently employed by BankWest, trade union Finance Sector Union (FSU) said on Monday.
Eurobank has repurchased a 1.4% stake in itself from state-controlled bank bailout fund HFSF to end the state’s participation in its share capital, the Greek lender said on Monday.
Britain’s Prudential Regulation Authority (PRA) is still working with embattled Metro Bank to present a plan by Monday morning that would see the lender bolster its balance sheet or find a buyer, according to a person with knowledge of the situation.
