source Archives - Global Banking Monitor

UBS Cuts Credit Suisse Investment Bank Staff, Shuts Houston Office, Says Source

UBS Group (UBSG.S) is laying off employees from Credit Suisse's investment bank this week in New York, a source familiar with the situation said. The...

JPMorgan to Acquire Nearly $2 Billion of Mortgages in the PacWest Deal – Source

JPMorgan Chase & Co (JPM.N) will buy almost $2 billion worth of mortgages to facilitate Banc of California's (BANC.N) purchase of PacWest Bancorp (PACW.O),...

JPMorgan to Discontinue Renewal of Personal Credit Lines for First Republic Customers, According to Source

JPMorgan Chase & Co has told clients with personal credit lines at First Republic Bank (OTC:FRCB) that it will no longer offer them when...

Newmark Group Hired by FDIC to Sell Billions in Signature Bank Debt, Says Source

The Federal Deposit Insurance Corp (FDIC) has hired Newmark Group Inc to sell about $60 billion of failed lender Signature Bank's loans, a person...

Bank of America to shift wealth management and banking employees, says source

Bank of America Corp (BAC.N) is redeploying employees in wealth management and lending to other roles within the company, a source familiar with the...

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),...

Brex, fintech startup, said to have obtained billions in Silicon Valley Bank deposits on Thursday according to source

Fintech startup Brex received billions of dollars in deposits from Silicon Valley Bank customers on Thursday, CNBC has learned. The company, itself a high-flying startup,...

JPMorgan ending banking relationship with crypto exchange Gemini – source

JPMorgan Chase & Co is cutting ties with Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, according to a source familiar with...

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

Tag: source