The Federal Deposit Insurance Corporation (FDIC) is considering a significant change in its reserve ratio calculation methodology. Acting Chairman Travis Hill has suggested that the agency should use total liabilities, rather than insured deposits, as the denominator in determining the Deposit Insurance Fund's (DIF)...
Revolut and Visa challenge the UK’s PSR over a proposed cap on international transaction fees, arguing the regulator overstepped its powers. European banks and fintechs claim the cap will make them lose money post-Brexit. Both seek a judicial review for a fair process.
The Bank of England maintains interest rates at 4.5% amid global trade war uncertainty. Inflation is expected to peak at 3.75% this year, and wage growth of 5.9% could exacerbate price rises. The BoE will reassess Trump’s tariffs at its next meeting in May.
Barclays Shares Experience Significant Surge Following Tariff Changes
In a remarkable turn of events, shares of Barclays surged by over 20% at the market open, eventually stabilizing at a 15% increase. This rebound reflects a broader recovery in the FTSE 100 index following the removal...
SVB's collapse on 10 March 2023 led to a FDIC lawsuit against 17 executives for negligence. Credit Suisse's leaders faced no such accountability, highlighting regulatory differences. SVB is criticised for its reliance on long-term government bonds and an imprudent £294 million dividend.
Sterling Bancorp (NASDAQ: SBT) completes the $261 million sale of Sterling Bank and Trust to EverBank Financial, effective April 1, 2025. All branches except Michigan will transition to EverBank, and Sterling will file for dissolution and delist from Nasdaq. Four directors have resigned.
