The Bank of England (BOE) and the UK Treasury stepped up work on creating a digital currency to sit alongside physical banknotes and sought to allay concerns that the work could threaten the stability of banks.
CREDIT Suisse Group is delaying a much-anticipated compensation day for some of its bankers, further straining its relationship with employees as it restructures its Wall Street operations, according to people familiar with the matter.
THE calculus behind the People’s Bank of China’s (PBOC) pledge to use monetary policy to bolster the economy has been altered by the faster-than-expected recovery following the scrapping of Covid restrictions.
IN a show of confidence that strengthens the Rothschild family’s grip on its Paris-listed investment bank, the financial dynasty said on Monday (Feb 6) it plans to take Rothschild & Co private.
HEDGE funds betting against stocks abandoned those trades last week at the fastest pace since 2015, surpassing the speed of their exodus from the meme-stock frenzy two years ago, Goldman Sachs said in a research note seen by Reuters.
BRITAIN’S financial watchdog warned crypto businesses on Monday (Feb 6) to get ready for a rule change on advertising later in the year, warning that any breaches by company officials could mean up to two years in prison.
