Many Canadians are looking for cross-border banking solutions in North America.
Banks with extensive capital markets operations are expected to cut costs further, says a Fitch Ratings report.
Swiss bank UBS’ recent decision to cut 10,000 jobs by 2015 has unleashed a mass outpouring of bitterness in the twitterverse. The multilingual tweets posted by its employees revealed many didn’t know they’d been fired until they realized their access passes were no longer working, says a report on FT.com Read: Swiss bank UBS to […]
RBC Wealth Management has received three awards from the 2012 Private Banker International Global Wealth Awards.
A published report says the Swiss bank UBS is preparing to cut about 400 jobs.
The British Bankers’ Association (BBA) wants all UK bankers to join an independent professional body, similar to that of lawyers and doctors, reports FT.com. If approved, bankers that breach ethical or professional standards risk being barred from the business. This general register would go beyond the Financial Services Authority’s register, which applies to senior management […]
U.S. lawmakers are being urged by regulators to cap the size of banks based on the amount of their borrowing.
Scandal-ridden LIBOR may be losing its benchmark status now that a smaller group of banks are the ones setting it, reports Bloomberg. Read: Should LIBOR be scrapped? Submissions by Bank of America Corp., Citigroup Inc., Bank of Tokyo Mitsubishi UFJ Ltd., RBC, and Sumitomo Mitsui Financial Group Inc. have been used in setting the rate […]
Following warnings earlier this month, six major American banks were hit in a wave of computer attacks last week that caused web blackouts and delays in online banking, reports The New York Times. Read: U.S. banks may face cyber attacks Customers of Bank of America, JPMorgan Chase, Citigroup, U.S. Bank, Wells Fargo and PNC couldn’t […]
The British Bankers’ Association (BBA) is dropping its role in the setting of LIBOR. The move comes four years after questions were first raised about whether banks were lying in their submissions to the rate setting process, reports Financial Times. Read: How to reform LIBOR: CFA poll The reforms, which come out of a review […]