Tag: Banking
Deutsche Bank not financial controversial African oil pipeline
Deutsche Bank is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt nature reserves, a person...
Wells Fargo wins dismissal of shareholder lawsuit over commercial lending
A federal judge dismissed class-action claims that Wells Fargo & Co, the fourth-largest U.S. bank, misled or defrauded shareholders about its commercial loans. U.S....
Credit Suisse poised to revamp senior management
Loss-making Credit Suisse could shake up senior management as new Chairman Axel Lehmann seeks to put the embattled Swiss bank back on stable ground, Swiss...
Russian bank VTB no longer has control of European Subsidiary
Russian bank VTB can no longer exercise any control over its European subsidiary in the wake of new sanctions. This was stated by the German...
HDFC Bank’s $40 BLN deal may face regulatory hurdle
India's largest private lender HDFC Bank's $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the...
Barclays faces $590 million hit
British bank Barclays faces an estimated 450 million pound loss and regulatory scrutiny for exceeding a U.S. limit on sales of structured products, some...
UK sanctions Alfa, Gazprombank and Lavrov’s step daughter
Britain sanctioned another wave of Russia's banks, critical industries and a host of members of its elite. This includes Gazprombank, Alfa Bank, and a...
Britain aligns with EU on delaying Basel bank capital rules
The Bank of England said that it planned to delay implementing a final set of post-financial crisis capital requirements for banks until January 2025....
Goldman Sachs raised COO pay by 78%
Goldman Sachs Group Inc President and Chief Operating Officer John Waldron's total compensation for 2021 was $33 million. This is up nearly 78% from a...
Barclays suspends sales of two products linked to oil, volatility
British bank Barclays said that it had suspended the sales and issuance of two exchange-traded notes (ETNs) with combined assets of about $1 billion. In...
