The rise of fintech services and digital banking could spur financial risks and potentially a crisis, Michael Hsu, Acting Comptroller of the Currency, a major U.S. bank regulator, warned on Wednesday.
UniCredit Chief Executive Andrea Orcel said on Wednesday Italy's second biggest bank expected a "relatively shallow" recession in Europe followed by a rebound in 2024 or later.
British lender Barclays on Wednesday appointed Standard Chartered's Daniel Hanna as its global head of sustainable finance for the corporate and investment bank to help deliver its climate strategy.
Deutsche Bank chief Christian Sewing, painting a bleaker assessment of the German economy, warned on Wednesday that China was a considerable risk for the nation and that Europe needed big banks to fend off American competitors.
Some of Europe's biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region's economy.
The head of Russia's VTB , Andrei Kostin, said on Wednesday the nation's banking sector had largely overcome the most serious effects of Western sanctions and that systemic capitalisation of Russian banks was likely not needed.
American International Group Inc said on Tuesday it was seeking a valuation of up to $15.5 billion in the IPO of its unit Corebridge Financial Inc, at a time when investor interest in new listings has waned due to stock market volatility.
Bank of America Corp will outline flexible working standards over the next six to eight weeks that will adapt to changing conditions, Chief Executive Brian Moynihan said during a New York industry conference on Tuesday.
The operator of the Templeton Global Income Fund early this year discussed plans with its second-largest investor that made it more difficult for the fund's largest investor to wrest control of the closed-end fund, court filings suggest.
Saudi Real Estate Refinance Co (SRC), the Saudi equivalent of U.S. mortgage finance business Fannie Mae, will soon issue around 3 billion riyals ($798.34 million) in local currency sukuk, or Islamic bonds, its chief executive said on Tuesday.
