Citigroup Inc announced on Friday that it has reduced its mortgage workforce slightly due to internal function streamlining. According to Bloomberg News, which first reported...

Finance

Polish central banker Kochalski believes more rate hikes are possible -PAP

September 1, 2022

Polish central banker Cezary Kochalski was quoted on Thursday as saying that there is room for more rate hikes in Poland, but they will...

Finance

China’s largest banks exhibit damage from the real estate crisis

August 30, 2022

Five of China's largest banks bore the scars of the ongoing property sector crisis, with bad debts related to real estate surging in the...

Finance

Citigroup says it will shut down its Russian consumer and commercial business

August 25, 2022

Citigroup Inc said on Thursday that it will close its consumer and commercial banking operations in Russia beginning this quarter and expects to incur...

Finance

Allianz is in talks with banks about a Chinese asset management venture, according to sources

August 23, 2022

Allianz SE is in talks with Chinese banks to establish a majority-owned asset management venture in the world's second-largest economy, according to two people...

Finance

EXCLUSIVE China regulator launches new probe into banks’ property loan exposure – sources

August 18, 2022

China's banking regulator is scrutinising property loan portfolios of some local and foreign lenders to assess systemic risks, sources with knowledge of the matter...

Finance

Blockworks Gathers the World’s Leading Financial and Crypto Institutions to Discuss Crypto’s Role as a Macro Asset

August 17, 2022

Blockworks' Digital Asset Summit (DAS) returns for its fourth year — this time, to The Glasshouse in New York City on Sept. 13-14, 2022. A record number of investors...

Finance

Credit Suisse submitted 18 insurance claims in connection with Greensill funds

August 16, 2022

Credit Suisse (CSGN.S) announced on Tuesday that its asset management arm has submitted 18 insurance claims in relation to the frozen supply chain finance...

Finance

Cain, Saudi Arabia’s PIF, invests $900 million in hotelier Aman Group

August 15, 2022

On Monday, Saudi Arabia's Public Investment Fund (PIF) and London-based real estate investment firm Cain International announced a $900 million investment in luxury hotel...

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