Activist investor Elliott Investment Management said on Friday that the exit of Crown Castle CEO Jay Brown, who will be leaving in January, was a step in the “right direction” but more changes were needed at the wireless tower owner.
Canada’s financial regulator on Friday said it was maintaining the amount of capital the country’s biggest lenders must hold, saying its previous actions had bolstered the big six banks’ capital reserve.
EU finance ministers on Friday picked Spanish Deputy Prime Minister Nadia Calvino to become the next head of the European Investment Bank in a boost for Spain’s clout within the bloc.
The Reserve Bank of India’s (RBI) tighter norms for credit cards and personal loans are meant to moderate excessive lending in the segment and not to stop the flow of such credit, a deputy governor at the central bank said on Friday.
Malaysia’s biggest bank Malayan Banking Bhd (Maybank) said on Friday it had appointed Alvin Lee Han Eng as chief executive officer for Maybank Singapore, effective Jan. 1.
Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and scope of such cover in potential conflict hot spots.
Global banking regulators on Thursday said they would consult on potential revisions to how banks should set aside capital to cover risks from stablecoins, and crack down on “unacceptable behaviours” by some global banks.
The European Union’s securities watchdog said on Thursday ratings agencies must ensure their assessments of collateralised loan obligations (CLOs) are accurate and independent after an investigation flagged the risk of undue market influence.
France and Germany agree on most of the proposed changes to European Union fiscal rules but differ on the treatment of investment spending when the deficit is above EU limits, French finance minister Bruno Le Maire said on Thursday.
