Citigroup Announces Closure of Global Distressed-Debt Unit as Part of CEO Jane Fraser's Restructuring Plan
Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes…
Banking
Optimistic Outlook: Global Banks Foresee No Recession, While US Companies Exercise Caution
Heading into 2024, analysts say the U.S. recession they’d been…
Impressive Surge: UPI Transactions Skyrocket by 118% in Semi-Urban and Rural Stores
Transactions on the Unified Payments Interface (UPI) platform rose 118% year-on-year at…
Warning Signs: US Banks at Risk of $160 Billion in Losses Amid Commercial Real Estate Downturn
The commercial real estate sector is at risk of seeing its biggest…
Czech Central Bank Poised to Initiate Rate-Easing Cycle on Thursday
The Czech National Bank was expected to make its first interest rate…
Bankers Prepare for Continued Japan Share Sale Revival Extending Into 2024
Equity capital market bankers in Japan are bracing for another busy year…
Wells Fargo Makes History: First Major US Bank to See a Unionized Branch
Wells Fargo & Co. is now the first major US bank to…
End of an Era: Bank Indonesia Nears the Conclusion of its Tightening Measures
Bank Indonesia will probably keep borrowing costs unchanged and mark the end…
Korean Banks Take Action: $1.5 Billion Pledged Amid Profit-Sharing Pressure
Commercial banks in South Korea will provide at least a combined 2…
Central Bank of Egypt Set to Conclude 2023 with Interest Rate Discussion on Thursday
The Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) will…
Jefferies Forecasts Increased Investment Banking Fee Opportunities in India Following Successful 2023
Jefferies Financial Group expects investment banking fees in India to rise in…
Unlocking Potential: Fintechs Eye Growth Through Strategic Bank Partnerships in 2024
With high interest rates still floating in the market, fintechs can drive…