Citigroup Inc said on Monday it was expecting $190 million of costs tied to winding down its consumer and institutional banking business in Russia, as of the end of last year.
Central banks need to "get the job done" when it comes to getting inflation back under control, the Bank for International Settlements has said, urging them to avoid the mistakes of the 1970's by declaring victory too early.
Bank of Japan (BOJ) Governor Haruhiko Kuroda on Saturday stressed anew the central bank's resolve to maintain ultra-loose monetary policy, even as inflation continued to exceed its 2% target.
UniCredit CRDI.MI is considering a pay rise of between 20% and 40% for Chief Executive Andrea Orcel, Italian daily Il Sole 24 Ore reported on Saturday, citing market sources.
A push by Group of 20 (G20) president India to regulate cryptocurrencies gained support from both the International Monetary Fund and the United States on Saturday as finance chiefs of the bloc wrap up two-days of talks.
Credit Suisse Group AG's new investment banking chief, Michael Klein, is expected to lay out his plans for the division next week as questions linger about the spin-out's funding and structure, according to several people familiar with the matter.
Canada recorded a C$5.54 billion ($4.06 billion) budget deficit for the first nine months of the 2022/23 fiscal year, partly due to a rise in debt charges linked to higher inflation and interest rates, the finance ministry said on Friday.
Global investors have allocated $354 billion to cash since Russia's invasion of Ukraine first shook global financial markets in February 2022, according to data released by Bank of America on Friday.
Goldman Sachs Group Inc is expecting to incur $2.3 billion more in potential losses from legal proceedings than the reserves it had set aside for such matters last year, a regulatory filing by the investment bank showed on Friday.
A record number of women and minorities hold seats this year on the boards of the Federal Reserve's 12 regional banks, providing perhaps the most diverse range of input ever as those banks' presidents - alongside Fed governors in Washington - wrestle with how to slow inflation without tanking the economy.
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