BNY Mellon will increase its minimum wage next year to $22.50 an hour from $20 and expand mental health benefits for employees, the bank said in a statement on Friday.
Canada’s Brookfield Asset Management said on Friday it had raised $28 billion for its largest-ever fund, wagering on infrastructure assets the company believes would benefit from a shift to “deglobalization”, given recent geopolitical tensions.
National Bank of Canada reported a rise in fourth-quarter profit on Friday, as a strong performance at its capital markets unit helped offset the hit from bigger provisions.
The central banks of India and England on Friday signed an agreement on information exchange for settlement of bond trades, the Reserve Bank of India (RBI) said.
Bank of Montreal on Friday reported a smaller than expected quarterly profit, pressured by rising expenses and as the Canadian lender was forced to set aside more funds to cover for potential loan losses.
The global monetary tightening cycle was in its last throes in November, with major developed central banks delivering just one increase and the number of cuts outstripping hikes for the first time in 33 months across emerging markets.
The U.S. Federal Reserve’s pledge in 2020 to sustain “broad-based and inclusive” employment through loose monetary policy was considered a bold response to the pandemic, putting its muscle behind the idea that low unemployment and low inflation could coexist.
GraniteShares plans to increase the amount of leverage on most of its single-stock exchange-traded funds (ETFs) to 200%, allowing investors to make bigger bets on daily movements in a handful of widely traded stocks, a Thursday filing with the Securities and Exchange Commission showed.
Harris Associates is finding plenty of investment opportunities in Europe, while taking a more cautious stance on Japan, its vice chairman and chief investment officer of international equities told Reuters.
Bank of America has been fined $24 million after two former traders placed phony “spoof” trades to try to influence the market for U.S. Treasuries, the Financial Industry Regulatory Authority said on Thursday.
