Deutsche Bank has announced plans to streamline operations by reducing management roles and cutting headcount in the coming years, as rising expenses weigh on its financial performance in the final quarter of
The Bank of Montreal (BMO) has dismissed Doo Sik Lew, a managing director on its US mortgage-backed securities desk, in connection with a regulatory investigation into misleading marketing practices. The disclosure was
The Czech National Bank (CNB) is considering a groundbreaking move to include bitcoin in its reserves, potentially making it the first Western central bank to adopt the cryptocurrency for such a purpose.
European banks are set to report robust profits for the final quarter of 2024, driven by resilient lending margins and strong investment banking revenues. However, analysts are questioning the sustainability of this
Indian fintech platform Cred, backed by Tiger Global and Peak XV, has become the first non-bank entity to offer access to India’s central bank digital currency (CBDC), the e-rupee. The Reserve Bank
Contemporary Amperex Technology Co. Ltd. (CATL), the electric vehicle battery giant, is set to raise over $5 billion through a high-profile Hong Kong listing. While the deal promises a much-needed boost to
As the Federal Reserve prepares for its first meeting of 2025, tensions are rising between the central bank and President Donald Trump, who has made clear his desire for lower interest rates.
U.S. regulators face mounting pressure to streamline the process for authorising new banks, as a coalition of legal experts urges reform to foster competition and adapt to the fintech-driven transformation of the
JPMorgan Chase & Co. has announced the promotion of Nitin Maheshwari and Ravi Shankar as co-heads of investment banking for India. The move follows the departure of Navin Wadhwani and signals the
The Bank of Japan (BOJ) has raised its key policy rate to 0.5%, marking the highest level since 2008, as it adopts a firmer stance on inflation amid signs of economic resilience.
