Tag: banks
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China to pump $54bn into state banks and insurers to boost economy
It comes as Beijing is aiming to reshape its economy in the face of a number of challenges.
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Why are European countries moving their gold out of North America?
The Netherlands has relocated 86 tonnes of the shiny stuff – what’s going on?
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U.S. sanctions Turkish bank accused of enabling Iran as Bessent says he ‘hopes for’ no further bank penalties
President Donald Trump hyped the sanctions plan as “economic D-Day” against Iran, but the U.S. has so far taken few steps to implement it.
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Dutch central bank moves gold bars out of U.S. and Canada, citing ‘crisis preparedness’
DNB said gold stored with the Bank of England is more readily tradable, allowing it to be deployed more quickly in a severe crisis.
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India’s largest private lender HDFC Bank sees shares rise after CEO announces surprise exit
Shares of HDFC Bank were up even as the company’s chief executive officer made a surprise announcement to not seek reappointment.
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U.S. plans to sanction another bank in effort to clamp down on Iran transactions: Bessent
Bessent’s campaign means to push countries that still do business with Iran to sever their financial ties or face retaliation from the U.S.
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Mark Walter’s insurer Delaware Life sees two banks pause sale of its products amid probes
Walter’s holding company earlier in the week said “there has been no fraud” at Delaware Life and its affiliated company, Clear Spring Life and Annuity.
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Treasury moves to sanction UAE branch of Egyptian bank over Iran ties
Banque Misr UAE processed about $1.8 billion over two years for some 100 companies that are potentially part of Iran’s shadow banking network, Treasury said.
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Goldman Sachs partner warns of ‘huge danger’ in letting AI replace bankers’ reasoning skills
Goldman Sachs is embracing AI, but one of its senior tech leaders warns that it comes with an unintended risk: weakening the reasoning skills of future bankers.
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Wells Fargo and Citigroup have room to buy a big bank. These 5 regionals fit the bill
Citigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals. Five regional banks make sense as targets.
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