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Wells Fargo CFO says bank unlikely to release reserves amid 'uncertainty'
Wells Fargo & Co's Chief Financial Officer Mike Santomassimo told investors on Tuesday the bank is unlikely to release any of its cash reserves this quarter because of the "uncertainty" in the current economic environment.
EU financial services chief calls for compromise on bank capital
European Union financial services chief Mairead McGuinness on Tuesday urged the bloc's lawmakers to agree on bank capital rules to keep the sector resilient as it emerges from the pandemic and markets fragment due to war in Ukraine.
Monte dei Paschi names veteran UniCredit executive as CFO
Monte dei Paschi di Siena has named veteran UniCredit executive Andrea Maffezzoni as its new chief financial officer as it prepares to present a new strategic plan next week, the state-controlled bank said on Tuesday.
China set to keep medium-term rate unchanged on Wednesday, poll shows
China's central bank is expected to keep unchanged for a fifth straight month on Wednesday the borrowing costs on its medium-term policy loans, a Reuters survey of 31 traders and analysts showed.
New Zealand central bank says liquidity policy review receives support
The Reserve Bank of New Zealand said on Tuesday that the first stage of the central bank's review on its liquidity policy had received broad support.
Sponsored by CME Group: A wave of U.S. Treasury supply
U.S. treasuries could see more non-Fed buyers over the remainder of this year and into 2023 to compensate for reduced purchases by the Federal Reserve.
More Insights
Deutsche Bank investors can sue in U.S. over Epstein, Russian oligarch ties
A U.S. judge on Monday said shareholders can sue Deutsche Bank AG for allegedly hiding shortfalls in its internal controls while doing business with risky, ultra-rich clients like the sex offender Jeffrey Epstein and Russian oligarchs.
Binance U.S. exchange sued by crypto investor over stablecoin collapse
Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called stablecoin's collapse in value last month.
Morgan Stanley CEO says 50-50 chance U.S. economy enters recession
Morgan Stanley Chief Executive Officer James Gorman said on Monday that he thinks there is a roughly 50% chance that the U.S. economy will enter a recession, speaking at a conference hosted by his firm.
Crypto firm BlockFi to cut headcount by 20%
Cryptocurrency firm BlockFi said on Monday it would reduce its headcount by about 20% as it takes on a strategic review of its priorities amid difficult market conditions.
The world of crypto lending
Major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers on Monday, citing "extreme" market conditions, sparking a sell-off across crypto markets.
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