RiskBusiness has now been providing governance, risk, audit and compliance solutions and content for 20 years. A lot has happened in those two decades, including events that have permanently shaped the landscape of the financial services sector.
Beleaguered US lender First Republic Bank has been taken over by JPMorgan in a deal brokered by regulators on Tuesday.
The Confederation of British Industry (CBI) has been embroiled in a sexual misconduct scandal, with allegations of rape, sexual harassment and discrimination being reported this week in an exposé by The Guardian.
Three people have been convicted for investment fraud and sentenced to a total of 24 and a half years for their roles, in a prosecution brought by the UK’s Financial Conduct Authority.
A look at the demise of SVB, Signature Bank and Credit Suisse and what this may mean for regulation.
UK-based outsourcing giant, Capita, suffered an IT outage on Friday which prevented staff from accessing the system.
Several banks are being investigated by US regulators over their dealings with Russian clients.
Swiss banking giant UBS has bought beleaguered lender Credit Suisse in a rescue deal brokered over the weekend. In a statement, the Swiss National Bank
t looks as though Credit Suisse is likely to be the next casualty in the banking crisis triggered by the collapse of California-headquartered Silicon Valley Bank earlier this week.
Last week, California-headquartered bank SVB (Silicon Valley Bank) announced a US$1.8bn loss due to asset sales in order to meet withdrawal requests. Trading of SVB stock was halted on the morning of Friday 10th March when stocks plummeted by 68%. By Monday, its US business had completely collapsed, in the largest banking failure since the financial crisis of 2008.
RiskBusiness is an international Governance, Risk, Audit and Compliance (GRAC) solution provider, with more than 200 financial services firms currently using our SaaS (Software-as-a-Service) solutions globally.