New York's chief financial regulator is set to release new guidance on Monday dictating that companies separate customers' crypto assets from their own, after alleged co-mingling of funds at collapsed crypto exchange FTX and its affiliated trading firm Alameda Research led to hefty losses for clients.
Investment bank Lazard Ltd said on Monday it hired Wassim Al-Khatib as chief executive officer of the bank's investment banking business for the Middle East and North Africa.
Germany's financial regulator BaFin considers another sudden and sharp interest rate hike to be one of the greatest threats currently facing the banking sector, according to a report published on Monday.
Dutch insurer ASR will consider a sale of its banking arm after completing its acquisition of rival Aegon's domestic operations, a source close to the matter told Reuters.
Banks would have to set aside a punitive amount of capital to cover holdings of cryptoassets under a draft law due to be voted on by lawmakers on Tuesday.
The German economy is proving more resilient than expected as the stress on energy markets is easing and supply chain bottlenecks are slowly dissipating, the Bundesbank said on Monday in a monthly economic report.
Indian private lender Axis Bank Ltd on Monday reported a stronger-than-expected 62% jump in quarterly profit, as a surge in interest income outpaced a rise in provisions for bad loans.
Barclays has appointed former HSBC banker Marc Moses and L&G chairman John Kingman to its board, replacing two directors coming to the end of their tenure, the British bank said on Monday.
Shares in Intesa Sanpaolo rose 3% in early trade on Monday after Italy's top bank reassured investors on its capital buffers and ability to reward investors as planned, despite supervisory concerns over internal models to assess risks.
Goldman Sachs Group Inc's asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank's earnings, an executive told Reuters.
