U.K. Government Plans To Check Bank Accounts Of Benefit Claimants
checked. (Photo by Oli Scarff/Getty Images)Getty Images With repeated references to 'common sense' and 'benefit fraud cheats', the U.K. government...
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EU countries rally to exempt banks from new green and human rights rules – POLITICO
Press play to listen to this article Voiced by artificial intelligence. BRUSSELS — A new push from member countries to exempt...
Wells Fargo axes another 13 branches in a single week as a host of banks shut down vital services – is YOURS on the chopping block?
Wells Fargo filed to close 13 branches - five in California and three in FloridaKeyBank, with branches in the Northwest...
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,...
“Hair cut” of old “red” loans by providing new financing
How non-bank credit providers will facilitate red-loan arrangements and finance businesses with old debts. What the bill of the Minister...
UK banks in Europe’s biggest ever tax fraud
Multi-billion pound scam has already rocked GermanyIt is likely to lead to more claims against banks and individuals operating in...
Germany’s Scholz backs Calviño for EIB top job – POLITICO
MÁLAGA, Spain — German Chancellor Olaf Scholz gave his backing to Spain's Deputy Prime Minister Nadia Calviño to take over the...
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...
EU banks take conservative approach to calculate market risk
As the EU’s fundamental review of the trading book (FRTB) 2025 implementation deadline nears, banks are adopting a conservative market risk stance under the Basel III framework. Many lenders are opting for the standardised approach (SA) to calculate their capital requirements, avoiding the more complex and resource-intensive internal model approach (IMA), even if the SA leads to a higher capital charge. Data from the European Banking Authority’s (EBA) second Basel III monitoring report, published in September, suggests the proportion of the largest Tier 1 banks using internal models will drop to 54%...
Blinken meets Palestinian leader Abbas in surprise West Bank visit – POLITICO
U.S. Secretary of State Antony Blinken met with the Palestinian Authority’s President Mahmoud Abbas in Ramallah during a surprise visit...
