Britain’s bank ‘ring-fencing’ rules need simplifying
Capital rules imposed on Britain’s high street banks after bailouts during the global financial crisis have not harmed competition. But it may need simplifying....
Credit Suisse files five insurance claims on Greensill-linked funds
Credit Suisse has filed five insurance claims related to $1.17 billion. This is in exposure across two of its Greensill-linked supply chain finance funds. They had...
Citigroup profit drops on higher expenses
Citigroup Inc reported a 26% slump in fourth-quarter profit. This is because it took a hit from higher expenses and weakness at its consumer...
Bankia insurance business taken over by Caixa Bank from Mapfre
Spanish insurer Mapfre said that it had sold its stake in Bankia’s insurance business to Caixabank in a 571 million-euro ($645.12 million) deal. This is although...
$61.5 MLN fined by StanChart for misreporting liquidity position
The Bank of England said that it was fining Standard Chartered 46.55 million pounds ($61.51 million). This is for misreporting its liquidity position to the regulator...