banking

“There’s such a waterfall of value that this two-part franchise creates that Universal will be banking out on this for years to come.”

She has brought on top executives from competitor banks, sold some of its banking franchises in foreign markets and sought to turn the page on regulatory problems that have dogged the bank for years.

As private-credit assets balloon and grow increasingly entwined with the banking system, a Federal Reserve official is calling for a closer examination of the funds that make the private-credit industry run.

Julian McManus: If Europe is to grow and be self-sufficient, the banking system must be part of the solution to accommodate the changes needed in Germany—and across Europe.

Karina Hutchins, of UK Finance - which represents the banking industry - said seeking to repossess a home is "always a last resort" for lenders.