UniCredit said on Monday it is challenging whether the European Central Bank can force the Italian bank to cut its exposure to Russia and is seeking a ruling from the European Union’s General Court.
Swiss bank UBS has completed the merger of its domestic unit with Credit Suisse’s operations in its home market, the bank said on Monday, adding that the head of the Credit Suisse business was leaving the bank.
A Russian consortium leading a buyout of Yandex, often dubbed Russia’s Google, from its Dutch parent company Yandex NV said on Monday it has received bids from investors to exchange 43.9 million shares as part of the deal.
Global property catastrophe reinsurance rates ranged from being unchanged to falling by “mid- to high-single-digit” percentages in July, reinsurance broker Guy Carpenter said on Monday, following years of rising rates.
An Indian government panel, tasked with recommending candidates for top positions of state-run banks and institutions, has picked Challa Sreenivasulu Setty as State Bank of India’s next chairman.
U.S. banking giants announced plans to raise their third-quarter dividends on Friday after proving that they have enough capital to withstand severe economic and market turmoil in the Federal Reserve’s annual health check.
BlackRock won a fight with hedge fund manager Boaz Weinstein this week when shareholders voted at four of its closed-end funds to keep the asset manager’s directors in place and retain it as the manager, new data released on Friday show.
Austrian regulators fined Raiffeisen Bank International for lapses in its money laundering controls, the country’s Financial Market Authority said on Friday, imposing a record fine of just over 2 million euros ($2.1 million).
Royal Bank of Canada has appointed Jessica Rausch as chief operating officer of its US global asset management (GAM) business and Brandon Lew as president in the division’s new-look leadership since Donald Sanya’s appointment as CEO.
BBVA’s chairman said on Friday that the Spanish bank had “no need” to improve its hostile bid for rival Sabadell , as he vowed to push ahead despite political opposition and regulatory uncertainty.
