Goldman makes a big executive change The man who has been perhaps the most influential executive inside Goldman Sachs for more than a generation has begun to hand over some of his responsibilities. John Rogers, who over his quarter-century at the Wall Street bank has been known as a board and C.E.O. whisperer, will give … Read more

A PNC Bank branch in New York, on Wednesday, Jan. 18, 2023. Bing Guan | Bloomberg | Getty Images Investors dumped shares of regional bank stocks on Tuesday after Moody’s made changes to the credit outlook for more than two dozen banks across the group, putting the sector on track for its worst day since … Read more

Bank depositors don’t seem to be wanting to break their fixed deposits (FDs) to meet their emergency funding requirement, as these deposits are currently fetching high returns. Instead, they are more inclined to take loans against FDs. This is evidenced by Reserve Bank of India data, which shows that banks recorded a robust 46 per … Read more

Global migrant workers sent nearly $800 billion home last year, according to the World Economic Forum, but it still takes days for recipients in many markets to receive funds, even after years of digital cross-border payments development. That could begin to change this year, with the rise of central bank digital currency tests and new … Read more