Swedish pension fund provider Alecta said on Tuesday it will lead a class action lawsuit against First Republic Bank, with the aim of recovering as much as possible of the capital that investors lost when the U.S. niche bank collapsed this year.
Bank of Ireland said on Tuesday that it had ended its partnership with UK motoring services group The AA and would trim its product range provided via the UK Post Office, marking a further retreat from the British market.
The cryptocurrency industry was on track to hit a new record for federal lobbying spending, after a year in which firms scrambled to repair their reputations and advance friendly legislation, according to data provided to Reuters by nonprofit research group OpenSecrets.
Barclays shares fell on Tuesday after one of the bank’s largest shareholders Qatar Holding moved to sell around 510 million pounds ($644 million) of stock, cutting back on its crisis-era investment in the bank.
Britain’s Financial Conduct Authority on Tuesday proposed a range of reforms it said would improve quality of information collated by credit reference agencies (CRAs) to ensure consumers’ credit files better reflect personal financial circumstances.
After decades of deflation, Japan’s economy looks poised to finally turn a corner. For its biggest banks, however, there’s a hitch: a generation of professional front-line staff have little experience with rising interest rates.
Roughly one-third of U.S. government spending to insure the nation’s crops since 2011 has gone to insurance companies that derive more than $1 billion in profit from the program each year, according to a government watchdog’s report released on Monday.
Jefferies Financial Group said on Monday it has set up an investment banking and capital markets unit in Canada, sticking to its plans to pursue an international expansion even as some of its peers look to cut costs.
Deutsche Bank’s supervisory board has tasked its auditor EY with reviewing the Postbank IT integration, which has caused numerous customer complaints due to disruptions, Handelsblatt reported on Monday.
