 | | | | Bank of New York Mellon Corp said on Thursday vice chair Robin Vince would become the company's chief executive officer, replacing Todd Gibbons who will retire later this year. | | | | | | U.S. President Joe Biden signed an executive order on Wednesday requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other cryptocurrency issues, the White House said. | | | | | | Bitcoin soared on Wednesday after President Joe Biden signed an executive order that requires U.S. government agencies to assess the benefits and risks of creating a central bank digital dollar and other cryptocurrency issues. | | | | | | The European Central Bank is likely to make as few policy commitments as possible on Thursday as the shock of Russia's invasion of Ukraine up-ends its expectations for the economy and leaves policymakers grappling with new realities. | | | | | | Citigroup Inc said on Wednesday it is operating its Russian consumer business on a more limited basis following the country's invasion of Ukraine, while sticking with its previous plans to divest the franchise. | | | | | | Italy's UniCredit and France's BNP Paribas were the latest banks to set out their Russian exposures, warning of billions of euros in potential costs from the financial fallout from Moscow's invasion of Ukraine. | | | | | | The European Union said on Wednesday it was stepping up sanctions over Russia's invasion of Ukraine, including targeting more Russian individuals and adding banks in Moscow's ally Belarus. | | | | | | Utah-based cryptocurrency exchange CoinZoom is pausing applications for new accounts within Russia following the country's escalating conflict in Ukraine, the company's chief executive officer told Reuters. | | | | | | Italy's second-biggest bank UniCredit said a full write-off of its Russian business, including cross-border exposure, would cost around 7.4 billion euros ($8.1 billion), leaving its capital distribution plans hanging by a thread. | | | | | | A rate hike cycle that started last year and low valuations had already made Latin America a darling destination for investors in 2022, and the Russian invasion of Ukraine is likely to keep cash flowing to the commodity-exposed region. | | | | | |
