 | | | | 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. | | | | | | 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 . | | | | | |
