THE handling of a workplace romance and a claim of discriminatory salary practices are at the centre of an employment lawsuit against Norway’s sovereign wealth fund.
BANK of England Governor Andrew Bailey said bank reforms enacted after the global financial crisis of 2007-09 worked during the recent banking turmoil, but there were questions about whether banks should set aside bigger cash buffers in future.
WARREN Buffett on Wednesday (Apr 12) said people should not be panicked about the banking industry or the safety of US bank deposits, despite the recent failures of Silicon Valley Bank and Signature Bank.
THE two chambers of Swiss parliament are attempting to find a compromise on how to support government guarantees for UBS Group’s takeover of Credit Suisse Group after the lower house rejected the measure in a largely symbolic vote.
The new sustainable loan framework issued by the Bank for Investment and Development of Vietnam (BIDV) will accelerate the commercial bank’s development of new sustainable financial products.
GOLDMAN Sachs Group is set to start transaction banking services in Japan, as chief executive officer David Solomon expands the business of managing cash flows for big companies.
METALPHA Technology Holding is targeting a US$100 million fund to invest in Bitcoin and other crypto products from Grayscale Investments, offering Chinese investors with an appetite for crypto a regulated channel to get involved.
MINNEAPOLIS Federal Reserve Bank President Neel Kashkari on Tuesday said the Fed’s interest-rate hikes and a possible pullback in lending after two bank failures last month could trigger a recession, but allowing inflation to stay high would be even worse for the labour market.
HONG Kong’s biggest virtual bank is pushing into transfers of crypto and fiat currencies and to provide account services for the city’s burgeoning digital asset sector.
THE biggest US banks are planning to bolster reserves in a move tied to their unusual effort to shore up ailing lender First Republic Bank last month.
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