Britain’s Global Investment Summit draws top banking bosses
JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S....
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US Senate Republicans urge bank regulators to scrap capital hike efforts
An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - A group of 39 Senate Republicans in a letter on Monday called on major U.S. banking regulators to withdraw a contentious proposal to significantly raise bank capital requirements, warning it could hinder lending and harm the economy.THE TAKERepublicans have been consistently critical of the so-called "Basel III endgame" proposal, but Monday's letter marks one of the broadest, most explicit attempts so far to derail that effort,...
Payments app Zelle begins refunds for imposter scams after Washington pressure
Nov 13 (Reuters) - Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog, in a major policy change.The 2,100 financial firms on Zelle, a peer-to-peer network owned by seven banks including JPMorgan Chase (JPM.N) and Bank of America (BAC.N), began reversing transfers as of June 30 for customers duped into sending money to scammers claiming to be from a government agency, bank or existing service provider, said Early Warning Services (EWS), the...
Germany’s Scholz backs Spain’s Calvino for EIB presidency
International Monetary and Financial Committee (IMFC) chair Nadia Calvino attends a news conference during the annual meeting of the International...
Exclusive: ICBC injects capital into U.S. unit, seeks cyber review -sources
People walk past a booth of ICBC Credit Suisse Asset Management Co at the 2020 China International Fair for Trade in Services (CIFTIS), in Beijing, China September 5, 2020. REUTERS/Tingshu Wang/File photo Acquire Licensing RightsNEW YORK/LONDON, Nov 10 (Reuters) - Industrial and Commercial Bank of China injected capital into its U.S. unit to pay BNY Mellon (BK.N) $9 billion for unsettled trades and hired a cybersecurity firm to help it return online after a ransomware attack, sources familiar with the matter said.ICBC said on Thursday it had been hit by...
Wall St Week Ahead Bargain or trap? US bank stock outlook hinges on Fed’s path
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023....
Fed and banks can do more to reduce liquidity risk -Logan
Federal Reserve Bank of Dallas President Lorie Logan speaks at a conference of the National Association for Business Economics in...
China’s biggest lender ICBC hit by ransomware attack
Industrial and Commercial Bank of China Ltd (ICBC)'s logo is seen at its branch in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsNov 9 (Reuters) - The Industrial and Commercial Bank of China's (ICBC) U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year.ICBC Financial Services, the U.S. unit of China's largest commercial lender by assets, said it was investigating the attack that disrupted some of its...
US Treasury’s Adeyemo sees more actions against Hamas in coming days, weeks
NEW YORK/WASHINGTON, Nov 9 (Reuters) - U.S. Deputy Treasury Secretary Wally Adeyemo told Reuters NEXT on Thursday that the U.S....
EU watchdog cautions against one-size-fits-all rules for non-banks
European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman Acquire Licensing RightsLONDON, Nov...
