A federal judge on Friday dismissed class-action claims that Wells Fargo & Co (WFC.N), the fourth-largest U.S. bank, misled or defrauded shareholders about its commercial loans.
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The U.S. Federal Reserve said Friday the U.S. banking system remains strong despite heightened volatility and geopolitical risk, but cautioned them against prime brokerage services that come with heightened risk.
Wells Fargo & Co (WFC.N) unveiled new targets to reduce greenhouse gas emissions, including goals to reduce the “absolute emissions” related to its financing of companies in the oil and gas sector, an executive said Thursday.
Wealth managers at the big global banks are tempering their expectations for Asia, their fastest growing market, after China’s regulatory crackdown and COVID-driven slowdown helped to push clients to the sidelines, bankers and analysts said.
Credit Suisse’s (CSGN.S) roughly 10 key investors back the bank’s board and its strategy, Chairman Axel Lehmann told Swiss newspaper NZZ.
European Union finance ministers will take a step towards completing the bloc’s banking union on Tuesday by agreeing on a long roadmap of when and how to agree on the still missing elements, a draft statement of the ministers showed.
Citibanamex, Citigroup’s Mexican consumer banking arm, started sharing information with potential bidders, one of the first steps in a process to find a new owner, Chief Executive Manuel Romo said on Friday.
Stanbic IBTC Trustees, a subsidiary of Stanbic IBTC Holdings, has reiterated that setting up a Trust with the organisation ensures the transfer of assets and reduces the challenges in assets transfer.