Europe
DBS launches financing, hedging solutions for EU ETS climate obligations
DBS launches financing, hedging solutions for EU ETS climate obligations
																					
							EU ETS is the world’s first carbon emissions trading scheme.
						
					
					
				Weekly Global News Wrap: Germany won't sell Commerzbank stake; BNP Paribas buys HSBC’s Germany unit
																					
							And California Bank & Trust is acquiring $730m in deposits from FirstBank.
						
					
					
				Weekly Global News Wrap: Morgan Stanley offers Bitcoin ETFs; Berkshire Hathaway sells $3.8b BofA stocks
																					
							And Wells Fargo is under investigation over issues in its AML programs.
						
					
					
				Japan’s SMBC sets up private credit fund in Europe
																					
							The fund will focus on loan investments to middle market businesses.
						
					
					
				BNP Paribas, Ant Int’l ink MOU to enhance cross-border payments
																					
							The MOU includes the further development of Ant’s Whale platform.
						
					
					
				Alipay+ payments now available in European taxi app FREENOW
																					
							Tourists from China, Hong Kong, and Malaysia can use their local e-wallet to pay.
						
					
					
				Comarch aims to bridge Asian banks’ innovation with wealth needs
																					
							The Polish tech firm is looking to help banks build their wealth management platforms.
						
					
					
				Weekly Global News Wrap: ECB raises concerns over UniCredit’s high turnover; China warns banks against “one-sided” credit pursuit
																					
							And two JP Morgan & Chase top dealmakers are reportedly leaving the bank.
						
					
					
				Weekly Global News Wrap: Bain Capital sells Axis Bank stake for $429m; Switzerland boosts banking rules
																					
							And Postbank employees escalate their strike for a 15.5% wage hike.
						
					
					
				Weekly Global News Wrap: Nomura eyes $10b US credit portfolio in 10 years; UBS CEO earned $15.9m
																					
							And JPMorgan Chase revamps investment banking and capital markets leadership.
						
					
					
				Weekly Global News Wrap: HSBC may receive just $21.7m from Russia sale; 282 US banks at risk
																					
							And Japan’s small businesses, homeowners brace for life after the interest rate policy shift.
						
					
					
				Weekly Global News Wrap: US banks’ profits down 40%; NYCB loses $5b in deposits
																					
							And Greece’s biggest lender optimistic profits will grow through 2026.
						
					
					
				Weekly Global News Wrap: BBVA sets up finance unit for clean tech; Wells Fargo sued for ‘fake accounts’ scandal
																					
							Top regulator calls for EU banks to improve risk management.
						
					
					
				Weekly Global News Wrap: US banks collect lower overdraft fees; Citi asked to improve internal oversight
																					
							And investment to hedge funds hit a new low, according to Goldman Sachs.
						
					
					
				SMBC, Jefferies expand investment banking collaboration to EMEA
																					
							In 2023, SMBC had raised its ownership of Jefferies to 15%.
						
					
					
				Weekly Global News Wrap: Citi to cut 20,000 jobs in two years; Spain’s BBVA expects higher dividend payout
																					
							And crypto firms in UK are introducing new risk assessment and profile tests ahead of stricter regulations.
						
					
					
				Weekly Global News Wrap: Citi to exit distressed-debt trading business; Korea seeks to fine HSBC, BNP Paribas
																					
							And Germany seizes $790m from the bank account of a Russian financial institution.
						
					
					
				 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
						 
								 
						 
								 
								 
						 
						 
								 
								 
																					
											
																			 
																					
											
																			 
																					
											
																			 
																					
											
																			 
                