BBVA’s chairman said on Friday the bank had “no need” to improve its hostile bid for rival Sabadell , as he vowed to push ahead with the deal despite political opposition and regulatory uncertainty.
U.S. sanctions imposed on Moscow this month have complicated the foreign trade operations of Russian banks, but they are gradually adapting to the new realities, the finance director of VTB , Russia’s second-largest lender, said on Friday.
Pershing Square USA, a fund managed by billionaire Bill Ackman, said on Friday it plans to offer shares at $50 each in its initial public offering in New York.
Shares of Insurance Australia Group rose 9% on Friday after the company bought reinsurance protection from a unit of Berkshire Hathaway and Canada Life Reinsurance in a bid to minimise financial fluctuations for the next five years.
An arm of the Inter-American Development Bank tested the waters on Thursday for what is expected to be a multi-billion-dollar wave of new “Amazonia” bonds in the coming years.
Indian private lender RBL Bank said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale.
The Bank of England is likely to cut interest rates soon, “probably in August”, as long as inflation and wage data align with the Monetary Policy Committee’s (MPC) May forecasts, a former MPC member said on Thursday.
Switzerland and the United States signed an agreement on Thursday for a mutual exchange of financial account data, the Swiss Federal Department of Finance said.
Big U.S. banks had enough capital to weather a potentially severe economic downturn but some of their risky businesses could hypothetically take a major hit this year, according to results of the Federal Reserve’s annual stress test.
New rules to regulate Switzerland’s outsized banking sector and how to manage a huge balance sheet which risks massive losses top the list of challenges facing next Swiss National Bank chief Martin Schlegel, economists say.
