By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) -Top U.S. banking regulators issued a fresh warning to banks to be on guard for any liquidity risks from cryptocurrency-related clients, cautioni[...]
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Economy
UBS set to apply for China mutual fund license – WSJ
(Reuters) -Switzerland’s biggest bank UBS Group AG is looking to apply for a mutual fund license in China, the Wall Street Journal reported on Thursday, citing people familiar with the matter. T[...]
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Analysis-Boom in European bank earnings hints at a rally with legs
By Joice Alves LONDON (Reuters) – Europe’s banks, which enjoyed a stellar fourth-quarter that yielded a surge in earnings growth to 15-year highs, are still looking cheap and could have mo[...]
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Analysis-Competition hots up as British banks fight to keep earnings rising faster than costs
By Lawrence White, Iain Withers and Sinead Cruise LONDON (Reuters) – British banks face a tougher battle for mortgage customers and business borrowers in 2023, as rising costs and deposit rates[...]
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Bank of America racked up $1.2 billion in penalties, settlements in 2022
By Lananh Nguyen NEW YORK (Reuters) – Bank of America Corp (BofA) amassed $1.2 billion in expenses for litigation and regulatory investigations last year including fines and settlements, accordi[...]
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Private credit investments surged 89% in 2022 – report
By Chiara Elisei LONDON (Reuters) – Private credit and infrastructure investments across emerging and developing markets surged to record levels in 2022 as borrowers looked for alternative finan[...]
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How to Afford the Big Price Tag of Your Lifetime ‘Bucket List’
By Chris Taylor NEW YORK (Reuters) – Eytan Morgenstern is facing a very expensive dilemma. The 36-year-old public relations professional has an opportunity to check something off his life[...]
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Britain’s post-Brexit asset management revamp eyes liquidity, tokenisation
By Huw Jones LONDON (Reuters) -Britain set out plans on Monday for a post-Brexit review of its rules for the 11 trillion pound ($13.2 trillion) asset management sector, with a focus on bolstering liqu[...]
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Fund industry says proposed U.S. SEC rules would harm retirement savers
By John McCrank NEW YORK (Reuters) – The mutual fund industry is warning the U.S. Securities and Exchange Commission that new proposed rules aimed at better preparing open-end funds to weather d[...]
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