by visbanking | Nov 28, 2022 | Banks, News
Estimated reading time: 2 minutes A recently completed banking review by the Federal Deposit Insurance Corporation and Federal Reserve warned Citigroup that the bank needs to improve its financial data management. The review’s authors warned the bank that the current...
by visbanking | Nov 28, 2022 | Banks, News
By: Ken Chase Estimated reading time: 2 minutes Embattled Swiss firm Credit Suisse received some good news this week as shareholders gave their approval to the lender’s plan to raise $4.2 billion. That approval greenlights the firm’s plan to raise from the Saudi...
by visbanking | Nov 15, 2022 | Banks, News
By: Ken Chase. Estimated reading time: 2 minutes Bloomberg reported this week that a decline in investment deals has forced banking giant Citigroup to eliminate dozens of trading personnel in its investment banking division. The move comes in the wake of reports that...
by visbanking | Nov 15, 2022 | Banks, News
By: Ken Chase. Estimated reading time: 2 minutes New Twitter owner Elon Musk told employees on Thursday of his plans to incorporate banking features into the Twitter platform, essentially turning the social media platform into what he called “the people’s financial...
by visbanking | Nov 15, 2022 | Banks, News
By: Ken Chase. Estimated reading time: 2 minutes A recent survey of roughly 500 banking executives from around the world found that more than three-quarters of respondents support using their industry to promote “social good.” The Banking in 2035:...
by Brian Pillmore | Nov 10, 2022 | Banks, News
By: Ken Chase. The Federal Reserve’s November 2022 Financial Stability Report was released on Friday and suggested that the nation’s banks are well-capitalized to manage potential shocks to the U.S. economy. However, the report cited a number of worrying...
