 | | | | The German cabinet has approved the appointment of Joachim Nagel, a career central banker with ties to the ruling Social Democrats, as the new president of the Bundesbank, government spokesperson Steffen Hebestreit said on Wednesday. | | | | | | Britain's markets watchdog said on Wednesday it will fine hedge fund BlueCrest Capital Management UK 41 million pounds ($54.50 million) for conflict of interest failings over a fund set up for BlueCrest staff. | | | | | | The Bank of England has fined Metro Bank 5.38 million pounds ($7.13 million) for failures in its regulatory reporting, it said on Wednesday, after the lender revealed an accounting blunder in 2019. | | | | | | Wells Fargo & Co said on Tuesday it has delayed its plans for employees to return to the office "given the changing external environment," according to a statement, the latest bank to adjust plans as the Omicron variant spreads. | | | | | | A unit of NatWest Group on Tuesday agreed to pay about $35 million and pleaded guilty to wire and securities fraud in relation to a long-running scheme by some of its traders to manipulate U.S. Treasury debt markets. | | | | | | Dutch financial services company ING will quit the French retail banking business, it said on Tuesday, in a move that could affect 460 employees. | | | | | | Eric Varvel, chairman of Credit Suisse's investment bank and head of its U.S. holding company, is leaving the Swiss group where he has worked for three decades, a staff memo seen by Reuters and confirmed by the bank said. | | | | | | Sherborne Investors , led by activist investor Edward Bramson, has turned its attention to Navient Corp after failing in its attempt to overhaul British banking giant Barclays . | | | | | | European Central Bank Governing Council member Mario Centeno said on Monday there was "uncertainty" about inflation that required constant monitoring, but that fresh anti-COVID-19 lockdowns in Europe should not lead to price increases. | | | | | | The Bank of England said on Monday it was fining Standard Chartered 46.55 million pounds ($61.51 million) for misreporting its liquidity position to the regulator and for failings in its controls. | | | | | |
