Britain’s Barclays is in exclusive talks to buy embattled lender Metro Bank’s 3 billion pound ($3.74 billion) residential mortgages portfolio, Sky News reported on Monday.
The Russian central bank said on Monday it would resume interventions in the domestic foreign exchange market from January, but with an adjusted formula that analysts said would likely support the rouble.
Hedge funds sold the largest volume of U.S. tech and media stocks seen since July in the week to Nov. 24, Goldman Sachs said in a prime brokerage note to clients on Friday, a signal that the popularity of these stocks may be fading.
Canada’s big banks are likely to wrap up a challenging financial year with another quarter of declining profits and rising bad debt provisions amid a slowing economy.
JPMorgan said on Monday it is expanding its payments and corporate banking businesses in Abu Dhabi, the capital of the United Arab Emirates (UAE), after getting a nod from regulators.
An Italian appeals court on Monday postponed its verdict in the case of three former executives of Banca Monte dei Paschi di Siena over derivative deals blamed for playing a part in the downfall of the Tuscan lender.
Standard Chartered Bank (China) Limited said on Monday it has started offering digital yuan exchange services to customers, according to a statement issued on the company’s social media account.
The Financial Stability Board (FSB) on Monday removed Italy’s UniCredit from the list of global systemically important banks and moved three banks, including Switzerland’s UBS , up a bucket.
Deutsche Bank on Monday forecast the S&P 500 to end next year 12% higher as it expects corporate earnings to remain resilient even if the United States experiences a mild and short recession.
Israel Discount Bank on Monday reported an 8.5% drop in third-quarter profit and temporarily slashed its dividend payout due to the fallout from Israel’s war with Hamas militants.
