Stay updated with breaking news from Bnkcap. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Citigroup beat analysts' estimates for second-quarter profit on Friday as higher interest payments from borrowers partly countered a blow to its Wall Street businesses from a slump in trading. ....
The European Central Bank is "not very far" from a peak in interest rates following a series of increases, Bank of Italy governor Ignazio Visco said on Thursday. ....
A rare Swiss parliamentary investigation due to start this week aims to establish what went wrong before the dramatic fall of Credit Suisse, once Switzerland's second biggest bank. ....
Australia's banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its information security after a major hacking breach. ....
Raising U.S. bank capital requirements to guard against future losses could increase the cost of credit but that may be justified to ensure the U.S. banking system is safe, Federal Reserve Chair Jerome Powell told Congress on Wednesday. ....