India’s central bank on Wednesday barred two Edelweiss Group companies from acquiring financial assets or undertaking structured transactions, saying they engaged in “evergreening” distressed loans.
HSBC has transferred ownership of its Russian unit to Expobank for an undisclosed fee, the two lenders said on Wednesday, ending around two years of negotiations and uncertainty.
Shares in state-owned Italian bank Monte dei Paschi di Siena fell 8% on Wednesday, after a judge asked Milan prosecutors to investigate alleged fraud in relation to the bank’s 2017 rescue, according to a document reviewed by Reuters.
The European Union “could and should” delay the implementation of certain bank capital rules if the U.S. drags its feet too long on fully implementing the Basel III rules, ECB policymaker Francois Villeroy de Galhau said on Wednesday.
A European private wealth manager in Hong Kong told me last week he recently got the catalyst he needed to land a Taiwanese billionaire’s account: geopolitics.
Fitch revised the outlook on Toronto-Dominion Bank’s credit ratings to “negative” from “stable” on Tuesday, citing risks to its business from the anti-money laundering probes it is facing.
Canadian Imperial Bank of Commerce (CIBC) has hired Brad Aston, a veteran of nearly two decades at Barclays , as the global head of leveraged finance in its capital markets unit, according to a memo seen by Reuters on Tuesday.
With mining rewards halved, mining difficulty elevated and the shiny new bitcoin exchange-traded funds (ETFs) stealing investor capital, it’s been a tough year for bitcoin miners.
UBS Global Research raised its year-end target for the benchmark S&P 500 index to 5,600 points on Tuesday, marking the highest forecast among major brokerages.
