Emails from Epstein regarding Kathryn Ruemmler trigger controversy within the bank.
Insiders at Goldman Sachs are reportedly expressing concerns about the support the bank is showing for Kathryn Ruemmler, its chief legal officer. This worry has been heightened by the emergence of new emails that highlight her close relationship with Jeffrey Epstein, the late financier and convicted sex offender. Despite these revelations, CEO David Solomon continues […]
Mediobanca’s leading private bankers move to Deutsche Bank
At least a dozen top private bankers from Mediobanca have made the switch to Deutsche Bank, taking advantage of the turmoil at the Bank of Milan to expand their private banking services. This wave of departures follows Mediobanca’s acquisition by Monte dei Paschi di Siena, a smaller rival, last year, and comes shortly after the […]
Ajay Banga, the chief of the World Bank with Indian roots, is visiting Pakistan, and this visit has personal significance.
World Bank President Visits Ancestral Homeland in Pakistan Ajay Banga, the President of the World Bank, whose roots are in India, traveled to his ancestral home in Pakistan’s Punjab province on Tuesday. Born in 1959 in Maharashtra, Banga’s family hails from this region that was part of undivided India before the partition in 1947. His […]
Central bank of Australia changes direction with interest rate hike
Australia’s central bank, notable for being one of the first major economies to tighten monetary policy in response to inflation, has increased interest rates for the first time since 2023. The Reserve Bank of Australia decided on Tuesday to raise rates by 25 basis points to 3.85%, reversing a cut made just six months prior. […]
Metropolitan Capital Bank in Chicago is the first U.S. bank to fail in 2026.
Chicago Experiences Back-to-Back Bank Failures Chicago has made headlines as the first city in the country to face two bank failures in consecutive years. On Friday, the Illinois Department of Financial and Professional Regulation shut down Metropolitan Capital Bank & Trust. Officials cited “unsafe and unsound conditions and a compromised capital base” as the reasons […]
Fifth Third and Comerica have merged, forming the ninth largest bank in the U.S.
Over the last year and a half, efforts have been underway to enhance the guest experience, particularly following the closure of Over-the-Rhine’s flagship restaurant in September. In a significant development, shareholders have approved a merger between Fifth Third Bancorp and Comerica, resulting in the Cincinnati bank acquiring its Dallas counterpart for over $10 billion. This […]
Chicago bank collapses, marking the first failure in the nation for 2026
Bank Failure in Chicago Marks First of 2026 On Friday, state regulators closed Metropolitan Capital Bank & Trust, marking the first bank closure in the U.S. for 2026 and the second in Chicago in recent years. The Illinois Department of Financial and Professional Regulation took action due to concerns over the bank’s financial stability. The […]
Gold and Silver fall as Trump’s choice for Fed Chair, Warsh, is seen as a way to maintain central bank independence.
Price Slides for Gold and Silver as Fed Chair Nomination Shifts Market Sentiment On July 13, 2022, Robin Kolbenbach, CEO of Algol Heraeus, showed one kilogram of silver and gold bars at the company’s factory in Mendrisio, Switzerland. Fast forward to today, and it appears that gold and silver prices have taken a tumble once […]
Nu Receives Conditional Approval for US National Bank Charter
Nu Obtains Conditional Approval for New National Bank in the U.S. Nu, a prominent player in the digital financial services sector, has received conditional approval from the Office of the Comptroller of the Currency (OCC) to set up a new national bank in the United States. This news was shared on January 29 through a […]
Deutsche Bank surpasses profit predictions in fourth-quarter results.
Deutsche Bank Reports Record Profits On Thursday, Deutsche Bank announced some impressive financial results, reporting record profits during the fourth quarter of 2025. The German bank’s financial report revealed that net income attributable to shareholders jumped by 1.3 times to 1 billion euros (around $1.56 billion) in just three months, surpassing analysts’ expectations of 1.12 […]