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Banks

Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’

by Adrian Jhonsan
Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’

James Gorman, chairman and chief executive of Morgan Stanley, speaks during the Global Financial Leader’s Investment Summit in Hong Kong, China, on Tuesday, Nov. 7, 2023. The de-facto central bank …

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Categories World

Singapore to pilot wholesale central bank digital currencies in 2024

by Ev Richard
Singapore to pilot wholesale central bank digital currencies in 2024

Ravi Menon, managing director of Monetary Authority of Singapore, speaks during the Singapore FinTech Festival in Singapore, on Thursday, Nov. 16, 2023. The festival runs through Nov. 17. Lionel Ng …

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Categories Technology

Despite cool inflation, don’t expect rate cuts

by Adrian Jhonsan
Despite cool inflation, don’t expect rate cuts

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch| Bloomberg | Getty Images This report is from today’s …

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Citigroup layoffs begin as part of CEO Jane Fraser’s overhaul

by Adrian Jhonsan
Citigroup layoffs begin as part of CEO Jane Fraser’s overhaul

Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” at the Economic Club of Washington in Washington, D.C., March 22, …

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UBS boss Ermotti says ‘incredible’ bond demand is ‘a signal to the Swiss banking system’

by Adrian Jhonsan
UBS boss Ermotti says ‘incredible’ bond demand is ‘a signal to the Swiss banking system’

Sergio Ermotti, CEO of UBS gestures during a panel discussion at the Swiss-American Chamber of Commerce in Zurich, Switzerland January 18, 2019. Arnd WIegmann | Reuters UBS Group CEO Sergio …

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IMF says central bank digital currencies can replace cash

by Ev Richard
IMF says central bank digital currencies can replace cash

Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images …

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Categories Technology

Ex-St. Louis Fed president says FOMC still has ‘a ways to go’ on inflation

by Adrian Jhonsan
Ex-St. Louis Fed president says FOMC still has ‘a ways to go’ on inflation

James Bullard at Jackson Hole, Wyoming. David A. Grogan | CNBC Former St. Louis Fed President Jim Bullard says the Federal Reserve still has “a ways to go” in fighting …

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Categories World

British fintech Wise reports 234% jump in profit

by Ev Richard
British fintech Wise reports 234% jump in profit

The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images British fintech firm Wise nearly quadrupled pre-tax profits in its half-year results …

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Categories Technology

UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

by Adrian Jhonsan
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal …

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Categories World

ICBC, the world’s biggest bank, hit by ransomware cyberattack

by Ev Richard
ICBC, the world’s biggest bank, hit by ransomware cyberattack

A pedestrian walks pass a branch of Industrial & Commercial Bank of China (ICBC) in Fuzhou, Fujian province of China. VCG | Getty Images The U.S. financial services division of …

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Categories Technology
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