Reading Time: < 1 minute Federal Reserve Governor Michelle Bowman suggested on Friday that an independent third party should be hired to further investigate the events leading up to the abrupt failure of Silicon Valley Bank.
Standard Chartered Plans to Add 100 New Employees to Workforce for Chinese Investment Banking Unit
Reading Time: < 1 minute Standard Chartered is in the process of hiring at least 100 staff in China to launch an investment banking unit targeting niche bond deals.
Warren Buffett: Berkshire Hathaway Cautious on Banks
Reading Time: < 1 minute Warren Buffett noted on Saturday that Berkshire Hathaway is being cautious with the banking sector due to the lack of clarity in messaging from government officials.
BNP Paribas Сhina Plans to Integrate Digital Yuan into Product Line
Reading Time: < 1 minute Corporate clients of the Chinese “daughter” of the financial holding BNP Paribas are able to make transactions with e-CNY in real time.
Deutsche Bank CEO Says He Is Not Worried About a Potential Bank Crisis in Europe
Reading Time: < 1 minute Christian Sewing, CEO of Deutsche Bank, has assured today that he was not concerned about Europe experiencing a banking crisis.
Short-sellers Lost $1 Billion on Their Investments in European Banks in April
Reading Time: < 1 minute Short-sellers who bet against European banks have lost an estimated $1 billion in April.
Signature Bank Did Not Fail Due to Connection with Crypto Industry: Regulator
Reading Time: < 1 minute Adrienne Harris, the Superintendent for the New York state banking regulator, has denied the suggestion that Signature Bank failed due to its connection with the crypto industry.
Swiss Government Affirms Financial Involvement in Credit Suisse Agreement
Reading Time: < 1 minute The Swiss cabinet declared at its meeting on Wednesday that its commitments to the Swiss National Bank and UBS to facilitate the takeover of Credit Suisse would remain unaffected.
Britain’s Financial Regulators to Set Up New Body to Encourage Competition in Banking Services
Reading Time: < 1 minute Britain’s financial regulators announced on Monday plans to establish a new body that will promote competition in banking services.