Following the acquisition of Silicon Valley Bank's (SVB) US operations by First Citizens, it has been revealed that approximately 500 positions previously held by SVB employees will be eliminated, according to sources. First Citizens purchased…

The Reserve Bank of India (RBI) has directed certain banks, including a major private bank, to address liquidity management issues, particularly related to asset-liability management (ALM) mismatches. The RBI's monthly tracking of liquidity revealed that…

Access Bank Zambia Limited is set to merge with African Banking Corporation Zambia Limited (ABC) after receiving approval from the Central Bank of Zambia. The parent company of Access Bank, Access Corporation, made this announcement…

Deutsche Bank and Citigroup have acknowledged their involvement in the trading of sensitive information on U.K. government bonds from 2009 to 2013, as part of a breach of U.K. competition law. Alongside HSBC, Morgan Stanley,…

JPMorgan Chase & Co has announced plans to enhance its commercial banking division, specifically targeting tech startups and early-stage companies. The largest bank in the United States intends to increase its workforce, having already hired…