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UBS Forecasts $17 Billion Expense from Proposed Credit Suisse Merger

UBS Group AG (SIX:UBSG) has said it could stand to lose around $17 billion from its planned merger with smaller rival Credit Suisse (SIX:CSGN),...

Fed’s Goolsbee anticipates future impact from swift rate increases

Federal Reserve Bank of Chicago President Austan Goolsbee said much of the impact from the Fed’s rapid rate-hiking campaign is still working its way...

French Tax Agency demands €2.5 billion from banks over tax evasion allegations

France’s tax authority is seeking €2.5 billion ($2.7 billion) in back taxes from French banks over their roles in a dividend arbitrage strategy known...

Regional banks could potentially benefit from the debt showdown, according to State Street

Trillions of dollars stowed away in short-term US Treasuries are looking anything but safe as the debt ceiling deadline edges closer. That’s prompted an...

Fed policy receives support from officials, yet inflation remains a concern

The Federal Reserve is getting interest rates closer to where they need to be to win the battle against inflation, a pair of U.S....

Fernando Plaza joins ADIB from ANB

Congratulations to Fernando Plaza Lopes who has assumed the role of Group Chief Digital Officer at Abu Dhabi Islamic Bank (ADIB). The bank announced...

Wall Street Bank Earnings Face Lingering Pressure from Financial Crisis

Most Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last...

‘Party animal’ VC from Silicon Valley faces retrial over fraud charges

Mike Rothenberg, the venture capitalist once described as Silicon Valley’s “party animal,” faces a new criminal trial after a jury failed to reach a...

Fed Continues to Face Challenges from US Economy

The Federal Reserve has raised interest rates aggressively over the last year in a bid to slow inflation and the labor market. Its efforts are...

German Banks Bombarded with Complaints from Savers

Complaints from consumers about banks and other financial firms in Germany rose by a fifth last year, official data shows, as regulators flex their...

El-Erian Advises Fed to Take a Cue From ‘Hamilton’

According to economist Mohamed El-Erian, the Federal Reserve has made policy mistakes by acting too late to tame inflation, and then doing too little....

BlackRock Plans to Sell $114 Billion of Securities from Failed Banks

BlackRock Inc. was hired by US regulators to help sell $114 billion in securities it amassed from failed lenders Signature Bank and Silicon Valley...

Economists predict one more rate hike from the Fed before easing pressure in 2024

It seems that Jerome Powell's work isn't yet done, with economists expecting the Fed to stay true to its word and raise rates one...

Global Financial Markets at Risk from Japan’s $3 Trillion Problem

Bank of Japan Governor Haruhiko Kuroda changed the course of global markets when he unleashed a $3.4 trillion firehose of Japanese cash on the...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

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