Julius Baer is having "constructive discussions" with Credit Suisse staff who are looking to leave following their bank's takeover by UBS , the Swiss private bank's Chief Executive said in an interview on Monday.
Forcing banks to set aside more capital in case loans to small and medium-sized companies turn sour would hit Britain's economy, banking industry body UK Finance said on Monday.
U.S. Treasury Secretary Janet Yellen on Monday said deposit outflows from small and medium-sized banks were diminishing, but she was watching the situation closely and was "not willing to allow contagious runs to develop" in the U.S. banking system.
Bank of America's investment management unit has agreed to pay over $9.5 million to settle U.S. Securities and Exchange Commission charges that it failed to disclose millions of dollars of fees to clients, the regulator said on Monday.
China should accelerate legislation of the Financial Stability Law and improve other legal arrangements designed to prevent and dispose of financial risks, three officials from the People's Bank of China (PBOC) wrote in China Finance, a publication affiliated to the central bank.