US regulator protests bank claims regarding stricter capital regulations LeapRate

January 23, 2024 BY Elizabeth Anderson

US regulator protests bank claims regarding stricter capital regulations

Under Basel III, an international regulatory reform created by the Basel Committee on Banking Supervision, stricter regulations are now finalised to bolster the regulation, supervision, and risk management of banks to avoid a repeat of the 2007 to 2009 global financial crisis. US banks have, however, been contesting these rules for months, claiming they will…

September 18, 2023 BY Elizabeth Anderson

Wells-Fargo executive escapes prison time

Tolstedt captained the retail and small business lending institution from 2007 to 2016 and became the only top Executive to face criminal charges. This occurred after the company’s forceful sales culture, which resulted in opening millions of accounts and selling products customers did not want, came to light. Prosecutors in the case vied for a…

March 24, 2015 BY Andrew Saks-McLeod

RBS takes down its interest in Citizens by 50%, aims to raise $3 billion

As a result of public discourse over RBS' 80% ownership by taxpayers following its near-collapse in 2008 after a period of aggressive expansion, RBS is focusing its efforts on home soil, with plans to sell $3 billion worth of stock in Citizens Financial Group, and to pull out of most European, Middle Eastern and Asian markets, with a potential 19,000 jobs to go

Tag: US banking