Author: Tammy Cunningham
Tammy Cunningham
Tammy Cunningham’s journalism is centred on banking activity, economic measures and movements in financial markets. Monetary policy shifts, regulatory updates and investment behaviour form the core areas of her reporting for BusinessEmerge.com.
ZURICH (Business Emerge/ Europe): The Swiss National Bank said it continues to support the regulatory package designed for UBS that was outlined by the Federal Council earlier this year. The central bank stated that the framework remains aligned with Switzerland’s financial-stability objectives and should be implemented as planned. The confirmation came during a briefing held on Thursday, where Vice Chairman Antoine Martin addressed questions on the status of the June proposals and the implications for the country’s largest financial institution. Martin noted that the central bank’s mandate requires ongoing attention to systemic-risk controls for major lenders operating in Switzerland. Officials…
LONDON (Business Emerge Latest): A new set of recommendations released by the European Central Bank on Thursday presented a restructuring of capital buffer rules for European lenders. The proposal seeks to simplify the current framework without lowering the amount of capital that banks are required to maintain. The ECB detailed the plan during a regulatory update that focused on capital structure, supervisory layers and future stress test design. The document noted that the framework would only be adjusted for clarity and efficiency, not for reducing required cushions. Under the plan, the ECB has outlined a redesigned capital stack built around…
Washington DC (US): Business Emerge Report: Wells Fargo has confirmed plans to reduce its workforce further while implementing artificial intelligence systems across operations starting in 2026, with higher separation costs anticipated during the October-December period. The San Francisco-based financial institution disclosed these plans during a recent financial services industry conference, where Chief Executive Charlie Scharf outlined the bank’s strategic direction for technology adoption and operational efficiency improvements. Scharf stated that budget planning processes completed for the upcoming fiscal year indicate a smaller workforce requirement, independent of any AI-related changes. The executive noted that separation-related expenses are projected to increase during…
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