Bank

European Central Bank Confirms July Rate Hike Plans, Raises Inflation Projections Significantly

The European Central Bank faces a difficult balancing act, with inflation hitting record highs while the war in Ukraine casts a shadow over growth prospects. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday confirmed its intention to raise interest rates at its policy meeting next month and lowered …

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Wells Fargo employees push to organize union among all bank staff

Wells Fargo workers, the third largest bank in the United States, are pushing to organize a union among bank employees with Wells Fargo United Workersa campaign with Committee for Better Bankswho has succeded won the first collective agreement in the banking sector for 40 years at Beneficial Bank in 2021. Wells Fargo has faced a …

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Deutsche Bank asset manager CEO quits after ‘green laundering’ raid

The raids and the departure of DWS CEO Asoka Woehrmann mark another setback for German Bank (comics)the majority shareholder of DWS, which attempted to circumvent regulatory offenses including money laundering and securities mis-selling, resulting in billions in fines. DWS has been dogged by the charges for months, prompting German prosecutors to carry out the raids …

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