 | | | | U.S. President Joe Biden is expected to sign a long-awaited executive order this week directing the Justice Department, Treasury and other agencies to study the legal and economic ramifications of creating a U.S. central bank digital currency, a source familiar with the matter said on Monday. | | | | | | Russia will be excluded from all of JPMorgan's fixed income indexes on March 31, the bank said in a statement on Monday, joining rival index providers that had excluded Russian securities from their indexes after Moscow's invasion of Ukraine. | | | | | | The United States on Monday warned financial institutions to watch out for potential Russian sanctions evasion attempts following rafts of sanctions imposed by Washington on Russia over its invasion of Ukraine. | | | | | | Citigroup Inc's commercial banking unit will hire 900 staff over the next three years, a large part of which will be for the U.S. bank's Asia Pacific business, as it plans to fast-track growth. | | | | | | Financial markets have functioned well since Russia invaded Ukraine and the West hit Moscow with crippling sanctions, but markets are showing some signs of strain, U.S. Treasury Undersecretary for Domestic Finance Nellie Liang said on Monday. | | | | | | The online-only consumer banking division of Russia's VTB in Europe has turned off its phones due to high call volume and is asking customers to email instead, according to a notice on its website on Monday. | | | | | | The Brazilian unit of Citigroup Inc has hired former Itau Unibanco executive Fernando Iunes as banking, capital markets and advisory (BCMA) vice-chairman, the bank said in a statement. | | | | | | Dutch technology investor Prosus will write off its entire 25.9% stake in Moscow-headquartered online platform VK Group, which it says was valued on its books at $700 million. | | | | | | The cost of insuring against a Russian government debt default soared by almost 50% on Monday and premiums on other emerging market countries, junk bonds and swathes of Europe's banks all jumped too as the Ukraine conflict continued to worsen. | | | | | | The wealth management arm of Swiss bank UBS has downgraded euro zone equities to neutral citing the potential for negative economic and earnings growth revisions amid growing uncertainty following Russia's invasion of Ukraine. | | | | | |
