Banking

Banking

Fed Majorly Backtracks on Proposed Bank-Capital Hike

Photo by Thomas Belknap via CC BY-SA 1.0

The proposal to hike holdings for the biggest lenders to buttress market shocks was sliced more than in half.

2 min read

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Banking

The EU Wants to Make Its Bankers More Fireable

The German government is planning to make it easier for companies in the financial sector to fire high-earning employees.

1 min read
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Banking

Wells Fargo Sells Most of Its Commercial Real Estate Servicing Business

Wells Fargo said Tuesday that it will sell most of its commercial mortgage servicing business to Trimont, a global loan services provider.

1 min read
Photo by Thamerpic via iStock

Banking

UBS Quarterly Profit Doubles Market Forecast

UBS appears to have regained its form, reporting $1.1 billion in net income for the second quarter, doubling analyst estimates.

2 min read

Banking

Canada’s Scotiabank Stakes Out $2.8 Billion in US Lender KeyCorp

Photo by Ryan Sharpe via CC BY-SA 4.0

Canada’s Scotiabank, one of the country’s big six lenders, announced Monday that it bought a 14.9% stake in US regional lender KeyCorp.

1 min read

Advisor Upside

Wells Fargo Fires Employees for Pretending to Work

Photo by Nick Sarvari via Unsplash

Wells Fargo said the allegations involved “simulation of keyboard activity” that created the “impression of active work.”

2 min read

Banking

Chinese Regulators See Regional Banks Headed for SVB-Style Chaos

Image Credit: Getty Images, awdebenharn.

Authorities are concerned about regional banks piling too heavily into longer-yielding government bonds in recent months.

2 min read

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