A look at the day ahead in European and global markets from Anshuman Daga Just as investor angst over U.S. and European banking troubles eases, the potential end of China’s multi-year regulatory[...]
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March 29, 2023
US consumer bankers tighten monitoring, processes as industry reels
By Nupur Anand and Tatiana Bautzer Las Vegas (Reuters) – Consumer and mid-sized banks are planning to monitor their internal processes more closely and hold more frequent discussions with regula[...]
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U.S. banks fallout will intensify margin headwinds for Aussie lenders, UBS says
(Reuters) – Australian banks are well-positioned to deal with the pressures emanating from the recent bank runs in the United States, but their margins could be squeezed by the fierce competitio[...]
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New Zealand regulator warns Vanguard over greenwashing notice
(Reuters) – New Zealand’s financial markets regulator issued a warning to U.S. fund giant Vanguard Group on Wednesday for failing to disclose details within the required time over infringe[...]
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China’s Alibaba to break up empire into six units as Jack Ma returns home
By Josh Horwitz SHANGHAI (Reuters) – Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows[...]
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U.S. charges FTX’s Bankman-Fried with paying $40 million Chinese bribe
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of the now-bankrupt FTX cryptocurrency excha[...]
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US Federal Reserve watchdog launches probe of SVB supervision
(Reuters) -The U.S. Federal Reserve’s Office of Inspector General (OIG) has launched an independent review of the failure of Silicon Valley Bank (SVB), an OIG spokesperson said on Tuesday. The r[...]
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U.S. FDIC tells Signature Bank’s crypto clients to close accounts by April 5
(Reuters) – The U.S. Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank’s crypto clients that they have until April 5 to close their accounts and move their[...]
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