Deutsche Bank CEO says global economy will not recover quickly
Deutsche Bank CEO says global economy will not recover quickly and will not return to pre-coronavirus levels for a “long time.”
“A return to our...
Goldman Sachs cuts CEO salary by $10 million over 1MDB scandal
Multinational investment bank Goldman Sachs has decided to reduce chief executive officer (CEO) David Solomon's annual compensation by $10 million due to the bank's...
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...
ECB plans stimulus package as Draghi nears end of his term
The European Central Bank (ECB) head Mario Draghi is planning to inject a new stimulus package to boost economic growth and inflation before 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...
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...
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...
Forrester reveals report's findings on the future of banking
Forrester reveals report's findings on the future of banking, saying banks must clear out most or all of their executive suite.
According to the new...
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...
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...
