Bank of America will provide a second round of funding to a veterans group that finances small businesses built by former military personnel, the lender said on Wednesday.
Citigroup Inc agreed to pay $25.9 million to settle U.S. Consumer Financial Protection Bureau charges it intentionally discriminated against credit card applicants who the bank identified as Armenian-American based on their last names.
Turkish banks plan to urge Treasury authorities to allow them to use inflation-adjusted accounting, rather than exempting them and ramping up taxes for the sector as the government currently plans, three senior bankers told Reuters.
Standard Chartered lost its battle on Wednesday to exclude from a trial allegations it broke U.S. sanctions against Iran in a “more widespread and systematic” way than it previously admitted.
As Canada’s economy enters a period of sluggish growth, the big banks are looking to fortify their balance sheets against rising bad debts, but instead of tapping shareholders for funds, the lenders are expected to sell non-core assets and cap dividends, fund managers and analysts said.
State-owned Monte dei Paschi di Siena on Wednesday became the latest Italian bank to upgrade its profit outlook after higher rates pushed third-quarter earnings above forecasts.
Italy’s top insurer Assicurazioni Generali still has 500 million euros ($533.10 million) left for M&A deals, which will be returned to shareholders if not used for acquisitions, its Chief Executive Philippe Donnet said on Wednesday.
Lloyd’s of London (SOLYD.UL) will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance market had strong links to the trade.
Credit Agricole , France’s second-largest listed bank, beat third-quarter earnings expectations on Wednesday driven by a strong performance by its investment bank and retail activities.
