Banks
UBS to pay $1.4 billion over fraud in residential mortgage-backed securities
General view of the UBS building in Manhattan, New York, June 5, 2023. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images Swiss bank UBS agreed to pay a combined $1.4 billion in civil penalties over fraud and misconduct in its offering of residential mortgage-backed securities dating back to the global financial […]
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UBS finishes Credit score Suisse dependence on Swiss central bank loan
The logos of Swiss banks Credit rating Suisse and UBS on March 16, 2023 in Zurich, Switzerland. Arnd Wiegmann | Getty Photos Information | Getty Visuals UBS on Friday reported that it has ended a 9 billion Swiss franc ($10.27 billion) loss security settlement and a 100 billion Swiss franc publicly liquidity backstop that had […]
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Acquisition of Adani Funds opens entry to India’s ‘underbanked’ market, Bain says
People today wander previous a display screen exhibiting news featuring on Adani Team inside the BSE setting up in Mumbai, India, on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty Visuals U.S. personal equity team Bain Cash claimed its new settlement to buy Adani Cash was aimed at tapping the “underbanked” segment of India’s […]
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European marketplaces climb on strong earnings ahead of essential U.S. inflation print
Traders will work at the inventory exchange in Frankfurt, Germany. Daniel Roland | Afp | Getty Photographs LONDON — European markets had been larger on Thursday as investors digested a new spherical of corporate earnings and seemed ahead to a important U.S. inflation print that could present hints about the Federal Reserve’s following financial policy […]
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These charts show what has Moody’s worried about regional banks including U.S. Bank and Fifth Third
The Moody’s ratings downgrades and outlook warnings on a swath of U.S. banks this week show that the industry still faces pressure after the collapse of Silicon Valley Bank. Concern over the sector had waned after second-quarter results showed most banks stabilized deposit levels following steeper losses during the March regional banking crisis. But a […]
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ABN Amro profit jumps on higher rates, may possibly pass up 2024 price tag targets
An ABN Amro Team NV bank department in Amsterdam, Netherlands, on Tuesday, Feb. 1, 2022. Peter Boer | Bloomberg | Getty Images Dutch bank ABN Amro conquer 2nd-quarter internet profit expectations with progress of 83% on Wednesday, but claimed it no more time expects to access its 4.7 billion euro ($5.16 billion) 2024 charge preserving […]
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Goldman Sachs says chief of staff John Rogers to step back from longtime role
John Rogers, executive vice president and chief of staff at Goldman Sachs Group Inc., speaks during an interview at the Securities Industry And Financial Markets Association (SIFMA) annual meting in Washington, D.C., U.S., on Tuesday, Oct. 24, 2017. SIFMA represents the U.S. securities industry including broker-dealers, banks and asset managers with nearly one million employees […]
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Here’s what is behind the stock market’s selloff and what we’re doing about it
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Stocks sink Eli Lilly surges Palo Alto slumps 1. Stocks sink U.S. stocks tumbled Tuesday after Moody’s downgraded the credit rating on a slew of small and mid-sized banks, sending […]
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Regulators hit Wall Road banking institutions with $549 million in penalties for history-trying to keep failures
Crucial Points U.S. regulators on Tuesday announced a combined $549 million in penalties from Wall Avenue corporations that failed to retain digital information of worker communications. The Securities and Trade Fee announced expenses and $289 million in fines against 11 corporations for “common and longstanding failures” to keep records, together with by enabling workers to […]
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Moody’s cuts scores of 10 U.S. banking institutions and places some big names on downgrade enjoy
A general watch of the New York Inventory Exchange (NYSE) on Wall Road in New York Town on May well 12, 2023. Angela Weiss | AFP | Getty Visuals Moody’s lower the credit scores of a host of modest and mid-sized U.S. banking companies late Monday and put several Wall Street major names on negative […]
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