Information reaching us revealed that British bank NatWest pled guilty to charges of failing to prevent the laundering of £400 million ($544 million) between 2012 and 2016.
Posts published in “Banking”
One of Morgan Stanley‘s (MS.N) top dealmakers, who helped advise oil giant Saudi Aramco (2222.SE) on its initial public offering (IPO), is leaving to join the investment banking arm of Banque Saudi Fransi (1050.SE).
Swiss bank UBS (UBSG.S) is closing its brokerage in Mexico, said three people familiar with the matter, following in the footsteps of other large global financial institutions that have opted to leave Latin America’s second largest economy.
Wells Fargo & Co (WFC.N) posted a nearly 60% rise in third-quarter profit that beat market estimates, as it released funds set aside to cover potential loan losses due to the pandemic and reined in costs tied to its years-old sales practices scandal.
Citigroup Inc (C.N), like its Wall Street peers, made the best of a boom in deal making to post strong quarterly profit on Thursday, fending off a weakness in its lending business, which the bank’s management said would continue to be under pressure.
Any digital currency the Bank of Japan issues should have a simple design that private firms can use to develop financial and payment services for customers, a senior central bank official said on Friday.
Bank of America Corp (BAC.N) beat estimates for third-quarter profit on Thursday, boosted by strong growth across its businesses which executives said they expected to continue next quarter.
Morgan Stanley (MS.N) delivered a bullish outlook Thursday after reporting third-quarter earnings which were comfortably ahead of market expectations, driven by record investment banking and M&A advisory revenues.
JPMorgan Chase & Co (JPM.N) beat analysts’ profit estimates on Wednesday, thanks to record revenue in some investment banking businesses and a sunnier economic outlook that allowed the largest U.S. bank to release money it had set aside for potential loan losses during the coronavirus pandemic.
It was an email offering a discount on an electric toothbrush that began the sequence of events that ruined Anna’s life.