Citigroup to cut 20,000 jobs by 2026 following latest financial losses

[ad_1] Low unemployment streak extends another month Citigroup is planning to lay off 20,000 employees, or about 10% of its workforce, in the next two years as it comes off…

2023: The year of big bankruptcies

[ad_1] Euronews Business looks at some of the major bankruptcies seen this year and explores the reasons behind them ADVERTISEMENT This year has seen a number of big and quite…

How Credit Suisse’s demise strengthens Switzerland’s place in global finance

[ad_1] As Switzerland digested the news of Credit Suisse’s takeover by rival UBS, the headlines were unequivocally bleak. The deal is a “historic scandal,” wrote the daily Tages-Anzeiger. It marks…

HSBC’s top execs face tense shareholders calling for a breakup | CNN Business

[ad_1] Hong Kong CNN  —  HSBC’s top brass defended their strategy Monday to frustrated shareholders in the lender’s largest market, as Europe’s biggest bank continued to face calls to be…

Fed’s Powell: we are still monitoring the banks’ situation very carefully

[ad_1] MADRID: The U.S. Federal Reserve is still monitoring the situation in the banking industry “very carefully” to address potential vulnerabilities, such as in the commercial real estate sector, Fed…

The Pain of Silicon Valley Bank’s Collapse Is Being Felt by These Depositors

[ad_1] Two months after the failure of Silicon Valley Bank, the lender’s depositors in the Cayman Islands have been left out in the cold. Two months after the failure of…

From Go First crisis to highest GST collection: Top five business news of the week

[ad_1] The ultra-low-cost airline, Go First, filed for voluntary insolvency and cancelled its flights till May 12 while JP Morgan Chase Bank came to the rescue of First Republic, another…

Loss Of Confidence And Resulting Withdrawals From Banks Lead To A Small Business Credit Crunch

[ad_1] Biz2Credit Small Business Lending Index finds funding requests at banks declined after Silicon Valley Bank’s collapse; borrowers find success with non-bank lenders. lending parameters. Less than 14% of commercial…

Indian banking, financial systems remain insulated from developments in US, Switzerland: RBI Guv

[ad_1] India’s financial system remains “completely” insulated from the recent developments in the US and Switzerland, RBI Governor Shaktikanta Das said, asserting that the country’s banking system is resilient, stable…

Stock market today: S&P 500 posts slight gain, Dow flat

[ad_1] Stock market today: S&P 500 posts slight gain, Dow flat  69News WFMZ-TV [ad_2] Source link