Morgan Stanley fined for putting customer personal data at risk in computer purge: New York AG
Morgan Stanley agreed to pay a fine of $6.5 million to a coalition of six states for compromising the personal…
Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’ — the sweeping new global rules on banking
SINGAPORE — Morgan Stanley Chairman and CEO James Gorman said his firm will be able to cope with “any form”…
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will…
UBS boss Ermotti says ‘incredible’ bond demand is ‘a signal to the Swiss banking system’
UBS Group CEO Sergio Ermotti says the “incredible” market demand for the bank’s recent issuance of AT1 (additional tier one)…
Former St. Louis Fed president says the FOMC still has ‘a ways to go’ on inflation
Former St. Louis Fed President Jim Bullard says the Federal Reserve still has “a ways to go” in fighting inflation…
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
UBS expects the U.S. Federal Reserve to cut interest rates by as much as 275 basis points in 2024, almost…
HSBC to launch storage services for tokenized securities as more big banks warm to blockchain
HSBC on Wednesday announced it will offer custody services for tokenized securities, making the British bank the latest major institution…
UBS resumes selling the bonds at the heart of Credit Suisse controversy
UBS on Wednesday began selling Additional Tier 1 (AT1) bonds — which were at the heart of controversy during its…
UBS shares rise 3% as market focuses on strong underlying profit
UBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit. The bank recorded…
Klarna, Europe’s $6.7 billion buy now, pay later firm, sets wheels in motion for eventual IPO
Buy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top…
