One of the two pillars of a global corporate tax overhaul due to come into force next year is at risk of collapsing as plans over how to share taxing rights on the 100 biggest, most profitable multinationals fall victim to domestic U.S. politics.
Russia’s dominant lender Sberbank on Friday said it had finalised the sale of its Austrian subsidiary to an Austrian company controlled by Stefan Zochling, withdrawing completely from the European banking market.
Changes in credit conditions since the failure of Silicon Valley Bank in early March are “in line” with financial tightening that was already underway due to Federal Reserve interest rate increases and don’t yet point to a material shift in how banks are doling out and pricing loans, U.S. Federal Reserve Gov. Christopher Waller said Friday.
The U.S. Federal Reserve and the Securities and Exchange Commission are investigating Goldman Sachs Group’s role in two deals with Silicon Valley Bank that preceded the latter’s collapse, the Wall Street Journal reported on Thursday citing people familiar with the matter.
BlackRock , the world’s biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the asset class comes under intense regulatory scrutiny.
Wall Street firms are poised to reassess how they vet hedge funds, industry sources and experts say, following a race to cut ties with Odey Asset Management after founder Crispin Odey was accused of sexual misconduct in the press.
Federal Reserve Bank of Atlanta President Raphael Bostic acknowledged Thursday more issues with his past financial disclosures, as part of a general release by the regional Fed banks of financial disclosure forms for their leaders covering 2022.
Top asset manager BlackRock on Thursday named outside executive John Kelly to a newly created role overseeing its public policy, philanthropy, communications and branding, at a time the firm needs to balance its message among competing constituencies.
Intesa Sanpaolo , Italy’s biggest bank, on Thursday launched a new digital lender dubbed Isybank as it strives to upgrade the technology underpinning its business and cut costs.
