JP Morgan’s Jamie Dimon and Goldman Sachs’ David Solomon will attend Britain’s Global Investment Summit on Nov. 27, the government said on Monday, as it seeks to attract greater global capital to UK companies and markets.
Over 30 clearing houses from across the world will participate in their biggest “fire drill” to date over the coming week to simulate how they would deal with defaulting members, the European Union’s securities watchdog said on Monday.
Financials Acquisition Corp said on Monday it would enter liquidation as it scraps a planned merger with its newly formed insurance venture, citing “insufficient” cash commitments due to volatile capital markets.
Britain’s Phoenix Group raised its full-year cash generation forecast on Monday after it completed the merger of two of its insurance brands – Standard Life and Phoenix Life – to bring together about 8 million policies.
Australia’s fourth-biggest lender, ANZ , said on Monday surging demand for its institutional banking services propelled its annual profit to a record but an aggressive campaign to sell more mortgages flattened its margin, sending its shares lower.
The Industrial and Commercial Bank of China’s access to an electronic settlement platform for U.S. Treasury securities remained suspended on Friday in the aftermath of a ransomware attack on China’s largest bank, two sources familiar with the matter said.
Citigroup has resumed the process of selling the retail business of Bank Handlowy in Poland, Bank Handlowy CEO Elzbieta Czetwertynska said on Friday, adding that talks with interested investors may begin in the next few months.