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The draft law comes after the collapse of US lender Silicon Valley Bank (SVB) and the government-led takeover of Credit Suisse by UBS, with mounting fears of further systemic stress on the global banking landscape
By Giuseppe Fonte and Alvise Armellini ROME (Reuters) -Italian Prime Minister Giorgia Meloni's party has presented a bill in parliament to separate retail
ROME (Reuters) - Italian Prime Minister Giorgia Meloni's party has presented a bill in parliament to separate retail and investment banks - a move tha...
ROME (Reuters) - Italian Prime Minister Giorgia Meloni's party has presented a bill in parliament to separate retail and investment banks - a move that, it approved, would force a radical overhaul of the country's banking sector. | 09:07am
Nonbanks that refer to "deposits" and "APY" interest payments are drawing scrutiny from regulators, and some observers say Congress needs to clarify what nonbanks can say about their interest-bearing offerings.