Bank of England Scrutinizes Barclays Over Private Credit Risk Booking
Finance · United Kingdom
A complaint alleges the lender moved derivatives tied to hard-to-sell private credit loans into its trading book, potentially understating capital needs.
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Careers, skills and industry news from around the world
Finance · United Kingdom
A complaint alleges the lender moved derivatives tied to hard-to-sell private credit loans into its trading book, potentially understating capital needs.
Quarterly results show agriculture loans shrinking or lagging overall credit growth at several lenders, with Federal Bank's chief executive citing El Nino and inflation as reasons for caution.
Japan's Mizuho Financial Group will move staff from branch and office roles into AI development after three months of training, aiming for a workforce shift over the next decade.
Corporate and investment banking revenue is set to hit a record this year, and automation could free up a large share of middle and back office capacity by 2030.
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