More coronavirus challenges for banks; RBS delays
Bankers express confidence despite coronavirus concerns, while consumers ponder cash needs; U.K. will hold off unloading its 62% stake in bank. ... Read full article
News Topic: RBS
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Pressure grows on Barclays CEO; JPM tightens rules on working with fintechs
For the second time in four years regulators are investigating Jes Staley; fintechs have until July 30 to sign agreements on how they access customer data. ... Read full article
Fed terminates enforcement actions against four large banks
The three cease and desist orders and one written agreement had cited separate concerns at JPMorgan Chase, Discover, Deutsche Bank and RBS. ... Read full article
Fed, OCC to propose easing Volcker rule; Visa's fintech interest
The regulators plan to drop the 3% limit on bank investments in venture capital funds; Visa invests in another fintech startup. ... Read full article
JPM wins a place in China; banks again warned about replacing Libor
The bank is the first U.S. one approved for a majority-owned securities unit in China; the FSB said banks must get serious about replacing the benchmark. ... Read full article
Bank of England raises capital buffer for largest lenders
The central bank gave the seven banks passing grades on their stress tests but said that they will need to start holding more high-quality capital to guard against a potential economic downturn. ... Read full article
RBS taps Alison Rose as CEO, first woman to run U.K. lender
Royal Bank of Scotland promoted Alison Rose to chief executive officer, making her the first woman to run one of Britain's big four lenders. ... Read full article