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White house to target bank mergers, financial data with competition order
President Joe Biden’s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to...
Credit Suisse names new asset management COO as post crisis shakeup continues
Credit Suisse named Markus Ruetimann as the new global chief operating officer of Credit Suisse Asset Management (CSAM).Ruetimann will report to Ulrich Koerner as...
Bank of England to crack down on secretive cloud computing services
The bank of England said that the cloud computing providers to the financial sector can be secretive, and regulators need to act to avoid banks’...
Bank of England scraps curbs on bank dividends as pandemic crisis fades
The Bank of England scrapped its remaining pandemic curbs on dividends paid by HSBC, Barclays and other top lenders with immediate effect. This is by saying...
Pound extends fall after US inflation data lifts dollar
Sterling fell against the dollar after data showing the highest U.S. inflation in 13 years sent the greenback surging to a six-day high. The...