EU rules to protect the financial system from risks stemming from cryptocurrencies contain a loophole that allows banks to circumvent some safeguards and should be fixed urgently, the European Central Bank’s chief supervisor Andrea Enria said on Tuesday.
Royal Bank of Canada’s U.S. unit, City National Bank, has appointed Chris Doll as chief financial officer, starting Nov. 27, a spokesperson told Reuters in an email on Tuesday.
Bonuses for investment bankers advising companies on mergers and acquisitions are expected to drop by 15% to 25% this year from 2022, according to a study by Johnson Associates, a compensation consultant in New York.
Ratings agency Fitch has downgraded its credit ratings on four Egyptian banks, including the largest private bank, citing increased risks to external financing, macroeconomic stability and the trajectory of already high government debt.
Canada’s Sun Life Financial on Monday reported better-than-expected quarterly profits, helped by growth at its wealth and asset management unit and higher fees.
Azenta on Monday announced strong earnings as well as changes to its board and said that activist investor Politan Capital Management, one of the biotechnology company’s biggest shareholders, will not be pushing for seats this year.
Commonwealth Bank of Australia’s home loan book slumped A$4.5 billion ($2.9 billion) in the September quarter as it shied away from cut-throat competition but the nation’s biggest lender said margins had stabilised, sending its shares higher.
Shares of financial services firm B. Riley plummeted nearly 35% on Monday, extending losses for the fourth consecutive session, after it disclosed unrealized investment losses and S&P Global Ratings downgraded a key asset.
