BoE’s Woods rejects call to exempt gilts from leverage rule
Bank of England’s Response to Calls for Exemption of Sovereign Bonds from Leverage Ratio Requirements Recent industry appeals to exclude sovereign bonds from the United Kingdom’s leverage ratio requirements have been met with opposition from a senior official at the Bank of England. Sam Woods, the head of the BoE’s Prudential Regulation Authority, expressed his […]
Alternative Investment Services Bank Loans Operations, Senior Associate
The Importance of the Role in Alternative Investment Services Bank Loans Operations In the dynamic financial services industry, every role plays a critical part in delivering effective solutions. One of the key positions that contribute significantly to the smooth functioning and growth of the industry is that of the Senior Associate in the Alternative Investment […]
First Citizens takes $83 million hit tied to First Brands
First Citizens BancShares and South State Bank Take a Hit from First Brands Bankruptcy The recent bankruptcy of U.S. auto parts manufacturer, First Brands, has had a significant impact on a number of regional banks. The latest financial institutions to disclose credit losses related to the bankruptcy are First Citizens BancShares and South State Bank. […]
AI startup Brico aims to make licensing ‘joyful,’ gets $13.5M
For any fintech company operating in the United States, obtaining money transmitter and lending licenses in all 50 states can be a daunting and time-consuming task. However, BitGo, a Palo Alto-based digital asset custody and services provider, has found a way to streamline this process using artificial intelligence (AI). BitGo has partnered with fintech startup […]