The Russian ruble (RUB) has hit its lowest value against the U.S. dollar since the start of the Ukraine war, lowering to 114-to-1 in the beginning of December.
In April 2021, Citigroup announced it would exit consumer banking in 13 markets across Asia, Europe, the Middle East, and Africa (EMEA) as part of a strategic shift to wealth management.
Through strategic moves in wealth management, investment banking, cost-cutting, and risk management, UBS has set itself apart as a leader in the global banking sector.
HSBC, one of the world’s leading banking giants, has made news with the announcement of a $3 billion share buyback program following a stellar Q3 performance.
Banco Sabadell’s lawsuit against Cerberus Capital Management over a €365 million payment is at a crucial stage, and the stakes are high for both sides.
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