Last week it was a new manager at a major Wall Street bank. Now a possible mega-merger of the banks is on the radar.
UBS Group and Credit Suisse Group AG are reportedly considering the idea of a merger. as first reported by Inside Paradeplatz.
In particular, UBS chairman Axel Weber is reportedly the one running the potential business. The story goeswith a possible agreement early next year 2021.
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Clodagh Kilcoyne / Reuters
Big news last week was the announcement that Citi CEO Michael Corbat would retire in February 2021 and hand over the reins to Jane Fraser, the bank's president.
Dakin Campbell got the inside story leading up to the announcement, specifically the pressure Corbat faced from regulators to get Citi's risk, compliance and technology systems under control.
As always, Dakin was very happy and talked to seven insiders about how things had turned out.
Click here to read the full story.
When it comes to investing in fintechs, the rich just keep getting richer. Callum Burroughs and I have a glimpse into digital banking chime nearing a mega-round that could value the company at up to $ 15 billion, more than twice what it was nine months ago. Click here for the full story.
Caroline McCredie / Getty Images
Buy now, pay later this year has taken the payment world by storm. Shannen Balogh has put together all the major news for the past six months and has a look at what the glowing room can expect next. Check out the story here.
Bank of America
It's not as exciting or sexy as an innovation center or a technology center, but patents have proven to be a successful way to drive change at Bank of America. I spoke to two executives who set the strategy for me.
Shannon Stapleton / Reuters
Mark Mason, Citi's CFO, spoke about investments the bank is accelerating after mistakenly shipping $ 900 million. Reed Alexander covered Mason's comments, including where the bank said the bank would try to see savings.
Jonathan Moore / Getty Images
Rounding out our Citi coverage for the day is the memo from Dakin Campbell that Citi CEO Michael Corbat sent to employees last month on the importance of risk controls. Click here to read the full note.