Bank deposits increase by $2 trillion amid the coronavirus crisis
Bank deposits increased by $2 trillion amid the coronavirus crisis which struck the US in January, according to the Federal Deposit Insurance Corporation.
Data showed...
Pandemic Emergency Purchase Program must be flexible -- de Galhau
Pandemic Emergency Purchase Program (PEPP) must be flexible, according to Banque de France Governor François Villeroy de Galhau.
“PEPP is not only about volume, its...
Why PNC Bank, US Bank, BB&T, more banks in US are down
Several banks across the US, such as PNC Bank, US Bank, and BB&T, are down on Wednesday.
About 80 million Americans rushed to check if...
Do not make large bank account withdrawals due to coronavirus
A major bank regulator in the U.S. tells the public to not withdraw bank account withdrawals due to coronavirus.
In a statement, the Federal Deposit...
Wells Fargo chair Betsy Duke resigns after Maxine Waters' call for it
Wells Fargo chair Betsy Duke has resigned abruptly, several days after Representative Maxine Waters called for her removal.
Wells Fargo announced that its chair Betsy...
Yes Bank receives backing from big US fund in $2 billion fundraising
Yes Bank, the fourth largest private lender in India, has announced that a top tier US fund house will back its $2 billion fundraising...
Westpac CEO Brian Hartzer steps down amid money laundering scandal
Brian Hartzer, chief executive officer (CEO) of Westpac, has announced hat he will be stepping down amidst the money laundering scandal faced by the...
Watchdog: Westpac bank breached anti-money laundering laws
Australia's financial crime watchdog has accused Westpac bank of breaching anti-money laundering and counter-terrorism financing laws.
According to the Australian Transaction Reports and Analysis Centre...
Thomas Cook seeks additional contingency funds to avoid insolvency
Travel company Thomas Cook is searching for additional funding of £200 million to avoid falling into insolvency this weekend.
Banks, including the Royal Bank of...
Asia Development Bank (ADB) president Takehiko Nakao plans to resign
Asia Development Bank (ADB) president Takehiko Nakao has announced that he is planning to resign in early 2020.
Finance Minister Taro Aso said in a...
