UBS CEO says Credit Suisse will be a case study for big bank mergers
The mammoth integration of failed bank Credit Suisse into its former rival UBS will act as a “case study,” UBS CEO Sergio Ermotti said on Friday, one that will show…
Coinbase partner ClearBank posts first full-year of profit
Charles McManus, CEO of ClearBank, speaks at the Innovate Finance Global Summit in April 2023. Chris Ratcliffe | Bloomberg | Getty Images ClearBank, a British financial technology firm powering payments…
Swiss banking giant UBS to launch share buyback of up to $2 billion
UBS logo is seen at the office building in Krakow, Poland on February 22, 2024. Jakub Porzycki | Nurphoto | Getty Images UBS on Tuesday announced a new share repurchase…
Immigration is boosting the U.S. economy and has been ‘underestimated’
U.S. commuters. Caroline Purser | The Image Bank | Getty Images The recent surge in immigration into the U.S. is helping to bolster the economy despite a raft of global…
Where cracks in the banking sector may appear without more M&A
The forces that consumed three regional lenders in March 2023 have left hundreds of smaller banks wounded, as merger activity — a key potential lifeline — has slowed to a…
Morgan Stanley names head of artificial intelligence, Jeff McMillan
The Morgan Stanley digital sign is seen at the company’s Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016. John Taggart | Bloomberg | Getty Images Morgan…
Shareholder payouts hit a record $1.7 trillion last year as bank profits surged
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. Brendan Mcdermid | Reuters LONDON — Global dividend payouts to…
UK neobank Monzo hits $5 billion valuation after $430 million raise
British digital bank Monzo on Tuesday raised $430 million in fresh capital from investors to help it relaunch its services in the U.S. Monzo raised the money in a new…
Some NYCB deposits may be at risk after another Moody’s downgrade
A sign is pictured above a branch of New York Community Bank in Yonkers, New York, on Jan. 31, 2024. Mike Segar | Reuters Regional lender New York Community Bank…
Wall Street worries about NYCB’s loan losses and deposit levels
A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | Reuters Regional lender New York Community…