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IFC-Backed Federal Bank Aims to Secure Funds of Up to $486 Million

Federal Bank Ltd., the Indian bank backed by the International Finance Corp., plans to raise as much as 40 billion rupees ($486 million) in...

Goldman slapped with $7 million fine by ECB for credit risk reporting violations

The European Central Bank said on Monday it had fined Goldman Sachs (NYSE:GS)' European unit 6.63 million euros ($7.3 million) for underreporting the risk...

Goldman Sachs Fined for Misclassifying 60 Million Short Sales as Long

Goldman Sachs Group Inc. was fined $3 million by the Financial Industry Regulatory Authority, or Finra, for mistakenly marking tens of millions of stock...

FDIC Completes SVB Deal by Exercising $500 Million in First Citizens Stock

Regulator Federal Deposit Insurance Corporation (FDIC) exercised its equity rights in First Citizens BancShares Inc and New York Community Bancorp Inc as part of...

Wells Fargo Settles Sanctions Compliance Failures for $97 Million

Wells Fargo & Co will pay fines of about $97.8 million for inadequate oversight of its compliance risks, enabling the apparent violation of U.S....

Top Nigerian Bank Allocates $267 Million in Response to Ghana’s Debt Restructuring

Zenith Bank Plc, Nigeria’s biggest lender by market value, said it set aside 123.4 billion naira ($267 million) in part to account for its...

Schwab awarded $7 million in lawsuit against Morgan Stanley, former advisers

Charles Schwab Corp. won more than $7.3 million from Morgan Stanley and two financial advisers it accused of stealing trade secrets when they moved...

Jack Dorsey’s net worth falls $526 million following Hindenburg short

Block Inc. co-founder Jack Dorsey’s net worth was hammered after Hindenburg Research’s latest report, which alleged the payments company ignored widespread fraud. Dorsey’s fortune plunged...

Credit Suisse AT1 Bond Write-Off Results in $340 Million Loss for PIMCO – Source

Bond giant PIMCO lost about $340 million on a category of Credit Suisse bonds that were wiped out by the takeover by UBS (UBSG.S),...

Roku’s $500 million at Silicon Valley Bank in limbo with recovery uncertain

Roku held approximately $487 million of its $1.9 billion in cash at Silicon Valley Bank, which collapsed Friday and was taken over by the...

US investigation prompts Swedbank to make $3.7 million provision

Swedbank will book a provision of 40 million Swedish crowns ($3.72 million) related to an investigation by the U.S. Office for Foreign Assets Control...

Canadian Renewable Energy Developer Boralex Acquires 50% Stake in US Wind Farms for $249.8 Million

Canadian renewable energy developer Boralex (US:BRLXF) (CA:BLX) has acquired a 50% stake in five wind farms in Texas and New Mexico for $249.8 million....

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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