JPMorgan Chase & CO CEO Jamie Dimon said on Thursday the bank is convening weekly meetings to discuss the implications of a potential U.S. default, according to an interview on Bloomberg TV.
Short seller Hindenburg Research on Thursday took a short position in Icahn Enterprises LP bonds and said the investment firm led by billionaire Carl Icahn has failed to address every issue it had raised.
Italian authorities and financial firms on Wednesday discussed plans to rescue Eurovita by dividing up the troubled life insurer among leading players in the industry, two people close to the matter said.
Italy’s Mediobanca said on Thursday it expects full-year revenues to exceed its business plan target after posting a better-than-expected net profit in the third quarter.
PacWest Bancorp said on Thursday deposits declined last week and the bank pledged more assets as collateral to the U.S. Federal Reserve to increase its borrowing capacity, sending shares tumbling 20% in premarket trading.
Japan’s SoftBank Group Corp on Thursday posted a sharply narrower annual loss after a capital raise using its stake in Alibaba Group Holding Ltd helped cushion investment loss at its Vision Fund investing arm.
Italian payments giant Nexi is keen to enter partnerships with lenders and will adjust to their preferred models, it said on Wednesday as leading banks UniCredit and Banco BPM review options for their payments businesses.
ING Groep , the largest Dutch bank, on Thursday said it would launch a new share buyback after it reported better than expected first-quarter earnings, helped by rising interest rates and modest risk costs.
Manulife Financial Corp reported a quarterly profit on Wednesday that missed analysts’ estimates as the Canadian insurer attracted less capital from investors spooked by market volatility amid the recent crisis in the banking sector.
Blackstone Inc and Apollo Global Management were among about 20 bidders for some assets of collapsed Silicon Valley Bank, the Federal Deposit Insurance Corporation (FDIC) said on Wednesday.
