The chief executives of JPMorgan , Bank of America , Citigroup , Wells Fargo and other major U.S. retail banks will be grilled this week by lawmakers on a slew of issues, from the state of the economy to their stances on hot-button issues including abortion and fossil-fuel lending.
Bank of New York Mellon Corp , Germany's Warburg Group and Deutsche Bank , will pay 60 million euros ($59.85 million) to German tax authorities over the country's "cum-ex" tax scandal, the German lender said on Monday.
Pakistan's central bank on Sunday said the Saudi Fund for Development has confirmed it will extend for one-year a $3 billion deposit currently placed in the bank's accounts since 2021.
Swiss bank UBS is hiring a team of 'content reviewers' to make sure that Chinese research publications by its analysts are free from any "sensitivities", the Financial Times reported on Saturday.
Head-spinning volatility in Turkey's banking shares has left investors reeling after a 100% stock market surge this year, driven by the highest available real returns, gave way to a sharp slide this week.
China increased its holdings of Treasuries in July for the first time in eight months, while Japan reduced its U.S. government debt load, data from the U.S. Treasury department showed on Friday.
Goldman Sachs Group Inc's consumer banking unit is being reviewed by the Federal Reserve, Bloomberg Law reported on Friday, citing people familiar with the matter.
Citigroup has submitted a comprehensive multiyear plan to the Federal Reserve and the Office of the Comptroller of the Currency outlining steps to fix weaknesses in its risk management and internal controls, two sources familiar with matter said.
JPMorgan Chase & Co has reduced lending to China's Tsingshan, one of the world's top nickel producers, while also paring back credit to other customers in Europe and Asia after a review of risk, sources close to the situation said.
