Funding financial institution could also be chargeable for ex-partner’s $25 mln fraud: NY court docket
Financial institution says it lacked discover that companion had propensity for fraud However lacking $8 mln price was a pink…
BNK
Read More
Recession dangers nonetheless loom for markets calmer after banking turmoil
June 12 (Reuters) – The euro zone has slipped into recession and Chinese language knowledge has disillusioned, warning indicators for…
Factbox: Credit score Suisse arrivals and departures after UBS seals takeover
ZURICH, June 12 (Reuters) – UBS (UBSG.S) adopted up the announcement it had closed the takeover of stricken rival Credit…
Ukraine’s PrivatBank alleges $2 billion fraud by former house owners
LONDON, June 12 (Reuters) – Ukraine’s PrivatBank accused its former house owners in a London courtroom on Monday of utilizing…
UBS Asia Pacific wealth administration co-head expands position
HONG KONG, June 12 (Reuters) – UBS (UBSG.S) Asia Pacific co-head of wealth administration, Amy Lo, has expanded her position…
UBS CEO says about 10% of Credit score Suisse employees have left
ZURICH, June 12 (Reuters) – UBS (UBSG.S) Chief Government Sergio Ermotti stated on Monday that round 10% of Credit score…
JPMorgan to pay $290 million to settle with Epstein victims – supply
NEW YORK, June 12 (Reuters) – JPMorgan Chase (JPM.N) agreed to pay about $290 million to settle a category motion…
FACTBOX Wall Avenue banks count on ‘hawkish pause’ from Fed in June
June 12 (Reuters) – Most large Wall Avenue banks count on the Federal Reserve to maintain rates of interest unchanged…
Ex-JPMorgan government Staley to be questioned beneath oath about Epstein ties
NEW YORK, June 9 (Reuters) – Jes Staley, the onetime asset administration chief at JPMorgan Chase (JPM.N), is about to…
Unique: VTB to promote one in every of Russia’s largest grain merchants, Demetra-Holding, CEO Kostin says
MOSCOW, June 9 (Reuters) – VTB, Russia’s second largest financial institution, will promote its stake in one in every of…