Banking News

Are you interested in banking news? Maybe you work in the industry, have a connection to the sector, or have a financial interest through investments. Whatever your interest the Wiser daily banking news email is for you. The financial crisis of the late 2000s proved how much of an influence the banking sector has throughout society. Every person, company and institution was impacted to a greater or lesser degree, from large multi-national corporations, to hard working American homeowners, to community organizations. Even after the financial crises the assets of the five biggest banks combined are worth more than 50 percent of the US economy. Those big five banks - JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and US Bancorp - control $15.2 trillion in assets. The industry continues to consolidate so how will it look in another 10 years as regulators impose new rules? How will technology, the growth of India and China, and a changing US economy affect the sector? You will find the answers to these questions and more by staying informed of the latest banking news. And the best way to find information, news and developments about banking is through the tailored Wiser daily email.

Recent Banking News Coverage
 
Your Weekly Recommendations Friday, November 24, 2017
 
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Airtel eyes spectrum, equipment of RCom
The Economic Times of India • Gulveen Aulakh
Oi seeks to woo public banks, export credit agencies -sources
Reuters
UPDATE 1-MOVES-HSBC investment banker Westerman leaves
Reuters • Steve Slater
Head of HSBC global banking is out
Seeking Alpha • Yoel Minkoff
Physical Money Is Here To Stay – For Now, Says Bank Of Japan
PYMNTS.com • Pymnts
New York Venture Bank Seeks National Bank Charter
PYMNTS.com • Pymnts
Why Credit Suisse Isn't Paying Ex-Executive Her $10 Million Fee
Bloomberg • Kaye Wiggins
Lebanese PM Hariri assures bankers stability comes first
Washington Post • Associated Press
HSBC's Westerman to Leave Bank After Less Than 2 Years
Bloomberg • Stephen Morris
China Busts a $3 Billion Underground Bank as It Tightens Its Grip on Money
The New York Times • Sui-Lee Wee
 
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Investment Banking
Airtel eyes spectrum, equipment of RCom
The Economic Times of IndiaGulveen Aulakh
NEW DELHI: Bharti AirtelBSE -0.53 % is interested in buying select spectrum and some equipment of Reliance Communications (RCom) under a process being run by its lenders to sell assets of the Anil Ambani-owned telco piece by piece and recover some portions...
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Currencies, Investment Banking
Oi seeks to woo public banks, export credit agencies -sources
Reuters
RIO DE JANEIRO, Nov 23 () - The board of Brazilian telecoms company Oi SA is trying to assemble a coalition dependent on public sector creditors to pass its restructuring plan in the face of serious opposition from private bondholders, three sources...
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Banking, Commercial Banking
UPDATE 1-MOVES-HSBC investment banker Westerman leaves
ReutersSteve Slater
(Adds detail and background) Sponsored LONDON, Nov 23 (IFR) - Matthew Westerman, HSBC’s co-head of global banking, is leaving the British bank, less than two years after his high-profile arrival from Goldman Sachs. HSBC did not give any reason for his departure...
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Hedge Funds, Investment Banking
Head of HSBC global banking is out
Seeking AlphaYoel Minkoff
Matthew Westerman, the high profile dealmaker brought in to overhaul HSBC's investment banking arm, is leaving less than two years after he was recruited from Goldman Sachs. Sources attributed the move to his brash management style, which clashed with the more collegiate...
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Banking, Credit Cards
Physical Money Is Here To Stay – For Now, Says Bank Of Japan
PYMNTS.comPymnts
Digital currencies are growing in popularity but, in terms of replacing physical money, that isn’t going to happen anytime soon. That’s according to Hiromi Yamaoka, head of the Bank of Japan’s payment and settlement systems department, who made those comments on Wednesday...
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Banking, Citigroup Inc
New York Venture Bank Seeks National Bank Charter
PYMNTS.comPymnts
New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. According to a Wednesday (Nov. 22) report by American Banker, New York Venture Bank, which will be...
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Corporate Governance, Hedge Funds
Why Credit Suisse Isn't Paying Ex-Executive Her $10 Million Fee
BloombergKaye Wiggins
Bank says Yana Alexandroff was classed as government official Alexandroff says she wasn’t paid finder’s fee for her work Credit Suisse Group AG refused to pay a finder’s fee to a former employee for bringing in new business because the bank said...
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Banking, International Security
Lebanese PM Hariri assures bankers stability comes first
Washington PostAssociated Press
Lebanese Prime Minister Saad Hariri has told a regional banking conference that the country’s stability is his primary concern.
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Banking, Hedge Funds
HSBC's Westerman to Leave Bank After Less Than 2 Years
BloombergStephen Morris
Westerman was named co-head of global banking in February 2016 Former Goldman Sachs partner overhauled HSBC arm, cut hundreds Matthew Westerman, the high profile dealmaker brought in to overhaul HSBC Holdings Plc’s investment banking arm, is leaving less than two years after...
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Banking, Currencies
China Busts a $3 Billion Underground Bank as It Tightens Its Grip on Money
The New York TimesSui-Lee Wee
BEIJING — The money came from all over China — its wealthy southern and eastern coasts as well as the arid northwest — as thousands of people scrambled to circumvent the country’s strict controls on wealth. In the end, more than 10,000...
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