Bank of Nova Scotia posted a drop in third-quarter adjusted profit on Tuesday as the Canadian bank set aside more funds to cover potential losses from loan defaults.
The U.S. District of Columbia Court of Appeals will soon rule on whether the Securities and Exchange Commission (SEC) wrongly rejected an application from crypto asset manager Grayscale Investments to list an exchange-traded fund that tracks the price of bitcoin.
Bank of Montreal and Bank of Nova Scotia , Canada’s third and fourth largest banks, missed analysts’ estimates for quarterly profit on Tuesday as they set aside more funds to cover for bad loans.
Some Chinese state-owned banks will soon lower interest rates on existing mortgages, three sources familiar with the matter said on Tuesday, as Beijing ramps up efforts to revive the debt crisis-hit property sector and bolster a sputtering economy.
Japan’s financial regulator will closely monitor how central bank policy impacts regional banks, as the world’s third-largest economy approaches the normalisation of its monetary settings after years of massive easing.
Genesis Global and its parent company, Digital Currency Group (DCG), have reached an in-principle agreement with Genesis’ creditors to resolve claims brought during the crypto lender’s bankruptcy, a court filing showed on Tuesday.
GAM said on Tuesday that French billionaire Xavier Niel’s NewGAMe shareholder group had agreed to extend a liquidity lifeline of 20 million Swiss francs ($23 million) as asset manager Liontrust declared its bid for GAM unsuccessful.
UBS will publish on Aug. 31 its first earnings report since a hastily arranged takeover of its Swiss rival Credit Suisse, shedding new light on the deal’s impact and the inner workings of the new banking giant.
UBS and Inside Paradeplatz have settled a lawsuit initially brought against the popular Zurich based finance blog by Credit Suisse, the publication said on Tuesday.
