 | | | | HSBC said on Thursday it had received regulatory approval in China to take full ownership of its life insurance joint venture in the country, as it continues to expand its non-core banking services. | | | | | | The U.S. Securities and Exchange Commission charged Medallion Financial Corp and its president with fraud for trying to inflate the stock price of the lender to taxicab medallion buyers, amid competition from Uber and Lyft . | | | | | | The consumer finance unit of China's Ant Group will boost the company's capital to 30 billion yuan ($4.71 billion) from 8 billion yuan, and introduce 4 new strategic investors, an exchange filing released on Friday said. | | | | | | The U.S. Treasury Department on Thursday reached a $115,000 settlement of two cases involving banking group TD Bank NA for apparent violations of department sanctions against individuals and North Korea. | | | | | | Some European banks are holding off on a decision to move forward with a new payments project that is intended be a home-grown rival to Mastercard and Visa, the company overseeing the effort said on Thursday. | | | | | | A weak yen may be hurting Japanese households more than in the past, as the country's increasing reliance on more expensive raw material imports pushes up the cost of living, Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday. | | | | | | 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. | | | | | |
