 | | | | Credit Suisse is scrapping negative interest rates in Swiss francs for private banking clients, the lender said on Wednesday. | | | | | | VTB Europe, the one-time division of the Russian bank VTB , has seen a more than 40% fall in deposits but the business is stable, it said in a statement on Wednesday. | | | | | | Canada's Manulife Financial Corp moved a step closer towards taking full control of its funds joint venture in China after regulators there accepted an application for the ownership change, two sources with knowledge of the matter told Reuters. | | | | | | Italian bank UniCredit said on Wednesday it had struck an accord with Prelios, an Italian bad loan specialist owned by U.S. fund Davidson Kempner, over the management of "unlikely to pay" (UTP) loans. | | | | | | Volt Bank Ltd, the first exclusively online bank to gain an Australian banking licence, said on Tuesday it would shut down, returning deposits and selling its mortgage book after failing to raise sufficient funds to support the business. | | | | | | A federal judge on Tuesday narrowed claims by San Diego and Baltimore in antitrust litigation seeking to hold eight banks liable for driving up interest rates that state and local governments must pay on a popular tax-exempt municipal bond. | | | | | | Shares in BBVA fell on Wednesday, after the Spanish bank said hyperinflation accounting at its Turkish unit Garanti would erode its contribution in 2022. | | | | | | Canada's financial regulator said on Tuesday it would tighten rules for riskier home loan products, in a bid to address concern over high levels of mortgage debt driven by record-low interest rates during the pandemic. | | | | | | UBS' head of strategy Christian Zeinler plans to leave the bank to pursue entrepreneurship outside of banking, Chief Executive Ralph Hamers told employees on Tuesday in a memo seen by Reuters. | | | | | | Goldman Sachs Group Inc's internal projections show the bank's consumer unit will record losses of more than $1.2 billion this year, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. | | | | | |
