A rise in investment and imposter scams has been aided by AI tools, says FTC
Plus: Basel Committee agrees on core principles, and more
Plus: Swedish economy underperforms expectations; Morgan Stanley to open Abu Dhabi office, and more
Plus: Goldman CEO sceptical of US “soft landing”; Barclays to sell debt to Blackstone, and more
Plus: JPMorgan CEO downplays US real estate issues; Australian investment banks report wide gender pay gap, and more
Plus: Ant Group‘s bid for Credit Suisse’s Chinese securities business; Korea’s FSC targets shareholder-return-boosting reforms
Plus: top Goldman Sachs investment bankers threaten to quit; Raiffeisen Bank under investigation for AML failures
Plus: India eyes new KYC regulation after Paytm scandal; World Bank calls for faster growth in emerging economies, and more
Plus: China’s central bank slashes mortgage reference rate; South Korean companies’ real estate losses mount
Plus: Barclays announces operational overhaul; ANZ’s Suncorp acquisition given go-ahead, and more
Plus: Paytm Payments Bank given wind-down extension; JPMorgan’s $350mn fine, and more
European peers are outperforming the UK in bringing gender parity among senior roles
Plus: JPMorgan and State Street pull out of Climate Action 100+; NatWest reports highest annual profit since 2007, and more
Plus: NatWest to appoint permanent CEO; Morgan Stanley plans job cuts, and more
Plus: UK inflation holds steady against expectations; Macquarie’s highest-paid banker steps down, and more
Plus: BoE notes ”upturn” in UK economy; bitcoin broaches $50,000; Barclays purchases Tesco Bank, and more
Interest rates and inflation combined with geopolitical tension to sabotage investor confidence
Despite a drop in the number of deals, a marked rise in median deal value led to an overall boost for the sector
But despite the global downturn, there were some notable bright spots
A weekly look at some of the most recent and influential people moves across the global banking industry.