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.
Investors such as pension funds and family offices plan to increase allocations to credit and global macro hedge funds in 2023, although their overall appetite for hedge funds is weaker this year, a survey by Barclays PLC showed on Friday.
Piraeus Bank , Greece's fourth-largest lender by market value, reported higher quarterly net earnings on Friday, helped by lower costs and an increase in net interest income and fees.
Goldman Sachs Group Inc's Chief Executive David Solomon faces a reality check from investors on Tuesday as he presents plans to reach key financial goals.
The U.S. consumer watchdog on Thursday fined TitleMax $10 million, saying the Georgia-based title lender illegally made thousands of auto loans to military borrowers over a five-year period, often charging interest rates well above legal limits.
Canada's second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) on Thursday reported investment losses and a drop in net assets for 2022 as aggressive rate hikes led to turbulence across global markets.
Top U.S. banking regulators issued a fresh warning to banks to be on guard for any liquidity risks from cryptocurrency-related clients, cautioning some of their deposits could prove volatile.
The United States intends to "quickly" nominate a candidate for the World Bank presidency who is committed to the lender's poverty reduction mission as well as lending reforms to fight climate change and other global challenges, U.S. Treasury Secretary Janet Yellen said on Thursday.
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