Financial Services
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E.U. ombudsman probes ‘revolving door’ at banking watchdog
By Huw Jones
January 21, 2020, Reuters
The European Union’s ombudsman has opened an investigation into how the E.U.’s banking regulator approved a move by its executive director to become …
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The fastest-growing form of financial fraud hits banks
CNBC’s Kate Rooney reports on synthetic IDs, the fastest-growing form of financial crime hitting banks.…
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Richard Hunt: In the history of banking we probably have the most pristine amount of credit
Richard Hunt, the Consumer Bankers Association president, talks about Q4 bank earnings and the state of the banking sector on “Closing Bell.”…
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A thousand E.U. financial firms plan to open U.K. offices after Brexit
By Huw Jones
January 19, 2020, Reuters
More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so …
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City of London Braces for a Post-Brexit Squeeze
By Anna Isaac and Max Colchester
January 21, 2020, The Wall Street Journal
Britain’s hulking financial sector presents a serious dilemma for both sides in the U.K.’s coming trade negotiations …
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Banks labor under negative interest rates and ‘zombie’ loan threat
By David Crow
January 21, 2020, Financial Times
When bank executives descended on Davos last year for the annual meeting of the world’s elite, they did so under a cloud. …
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Global Banks Rush Back Into Repo Markets
By Paul J. Davies
January 19, 2020, The Wall Street Journal
Global banks’ use of funding from markets rather than from customer deposits has grown rapidly in recent years, mostly …
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U.S. Fed signals lighter touch on bank supervision, foreign bank oversight
By Michelle Price
January 17, 2020, Reuters
The U.S. Federal Reserve on Friday signaled it would take a lighter touch when supervising banks, in another win for the industry which …
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City banks under pressure to strengthen Brexit hubs in Europe
By Paul Clarke
January 20, 2020, Financial News
For London-based investment banks, Brexit means Brexit, no matter what deal prime minister Boris Johnson strikes with Europe.
Senior investment bankers told …
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China Speeds Up Opening of Market to Investment Bank Giants
January 16, 2020, Bloomberg
China brought forward the planned opening of its $21 trillion capital market by eight months, swinging the door open for global investment banks such as Goldman …
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