Banc of California and PacWest Bancorp Announce Merger
Banc of California and PacWest Bancorp have announced an all-stock merger that will create a powerhouse bank with assets totaling…
UBS to Cut Asia Investment Banking Positions at Credit Suisse Following Acquisition
UBS has announced its decision to eliminate several Asia investment banking positions at Credit Suisse. The move comes as part…
IMF Plans to Create Global Platform for Central Bank Digital Currencies
The International Monetary Fund (IMF) is set to launch a platform specifically designed for central bank digital currencies (CBDCs). The…
S&P 500 and Nasdaq End Week in the Red
In a week marked by volatility, the S&P 500 and Nasdaq closed in negative territory as Federal Reserve officials’ remarks…
DBS Group Projects Impressive Annual Profits
DBS Group, Singapore’s largest bank, is set to achieve an impressive milestone as it projects annual profits exceeding S$10 billion…
Binance Resumes Bitcoin Withdrawals After Temporary Suspension Due to Congestion Issue
Binance has resumed Bitcoin withdrawals following a temporary suspension caused by a congestion issue. The suspension left users unable to…
Standard Chartered Anticipates $100,000 BTC Price by End of 2024
Financial experts at Standard Chartered have made a bold prediction that the price of bitcoin will hit an astounding $100,000…
US Bank Deposits Increase for First Time in Almost One Month
Deposits at US commercial banks increased for the first time in almost a month at the end of March, indicating stabilization…
Barclays Shareholders Advised to Vote Against Executive Compensation
Glass Lewis, an investor advisory firm, has advised Barclays shareholders to vote against the bank’s executive compensation because of long-term…
French Authorities Raid Paris Offices of Five Banks
French authorities have raided the Paris offices of five banks, including Societe Generale, BNP Paribas, and HSBC, on suspicion of fiscal…