Bank of Israel Governor Amir Yaron will stay on for a second five-year term after Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich agreed on an extension, removing a major market uncertainty that has lasted much of the year.
Workers at two Wells Fargo bank branches are planning to launch unionization efforts on Monday, the Wall Street Journal reported, citing employees’ statements.
Indian non-banking finance companies (NBFCs), including Bajaj Finance, L&T Finance and SBI Cards and Payment Services, are likely to tap the bond market to raise funds following the central bank’s tighter rules for personal loans, six banking sources told Reuters.
Global hedge funds ditched technology stocks by selling long positions and exiting short bets at the fastest weekly pace in seven months, Goldman Sachs said on Friday in a note to clients seen by Reuters.
Low valuations for euro zone bank stocks appear to reflect concerns about credit risk and shareholder payouts, likely weighing on future credit growth via stricter terms for borrowers, the European Central Bank said on Monday.
Citigroup CEO Jane Fraser announced the company was carrying out its next layer of management changes in a sweeping reorganization, according to a memo to staff on Monday.
Julius Baer shares slumped to their lowest this year on Monday as the bank dampened profit expectations after loan provisions amounting to 82 million Swiss francs ($92.6 million).
Goldman Sachs’ Japan president Masanori Mochida has decided to retire at the end of the year after more than 38 years at the investment bank, according to an internal memo seen by Reuters.