Banking

SINGAPORE - Some of the world’s biggest banks in commodity trade financing are creating a digital trade finance registry in Singapore to try and mitigate the risk of trade fraud and boost transparency after losing billions of dollars due to a spate of defaults.

As a result of Britain's exit from the European Union (EU), JPMorgan Chase & Co. is moving around 200 billion euros of assets -- or around $230 billion -- from the United Kingdom (UK) to Germany.

Democratic presidential candidate Joe Biden's plan to hike taxes on corporations could cost the nation's biggest banks billions each year. 

Deutsche Bank set an office return date of July 2021 for its U.S. employees on Wednesday as banks struggle with whether to bring workers back to Manhattan. 

The news comes less than one week after the bank told senior employees of the sales and trading operations in London and New York that they and their teams must return to the office by Sept. 21.

White House trade adviser Peter Navarro said he'd prefer JPMorgan Chase CEO Jamie Dimon as New York City mayor over Bill de Blasio after Dimon called most of the bank's trading staff back to the office by Sept. 21 despite the coronavirus pandemic.

President Trump on Friday lauded JPMorgan and Chase for calling its top trading staff back to the office after months of remote work.

Citibank is tapping Jane Fraser to take over as chief executive, marking the first time a female will lead one of the largest U.S. banks. Here is what you should know about her.

The bank, which just notched a record trading quarter, told staffers they need to return by Sept. 21 unless they have child-care or medical issues.

Jane Fraser, the bank's current president and head of global consumer banking, will replace Corbat in February.

JPMorgan Chase is probing the role that some of its employees may have played in potential abuse of the taxpayer-funded Paycheck Protection Program.

Warren Buffett's Berkshire Hathaway Inc said on Friday it had cut its Wells Fargo & Co stake to 3.3%, further reducing what had once been a $32 billion investment in the bank.

The betting markets are tightening and investors aren't ready for the possibility Trump wins reelection, according to JPMorgan.

BEIJING/SHANGHAI - Four of China’s five largest state-owned banks said they have increased their provisions against bad debt to brace for future losses due to the impact of the global coronavirus pandemic.

Four GOP Senators would need to vote no to sink Shelton's nomination.

The U.S. Federal Reserve announced Monday how much each large bank that underwent its 2020 stress tests will have to hold in additional capital

TOKYO - SoftBank Group Corp (9984.T) is seen returning to profitability in the first quarter on Tuesday as the value of its listed holdings rise, three months after faltering tech bets via its Vision Fund pushed the group to a record annual loss.

Capital One must submit a plan to the U.S. central bank within 90 days outlining how it intends to improve the protection of customer's personal information.

Deutsche Bank is complying with a subpoena by Manhattan District Attorney Cyrus Vance Jr., giving his office financial statements and other records related to President Donald Trump, according to the New York Times.

The bank's net profit was $192 million in the April-June quarter, down from $4.37 billion reported in the same period a year earlier.