The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve’s first move before a declining currency threatens to endanger the inflation outlook, the median estimate of seven analysts in a straw poll showed.
U.S. investment bank Goldman Sachs is muscling into the lending market for private equity and asset managers, planning an overseas expansion as it helps fill a void left by turmoil at regional banks and the sale of Credit Suisse.
Ping An Asset Management, HSBC Holdings PLC’s largest shareholder, will continue to hold its investment in the Asia-focussed lender, a source close to the Chinese fund manager said on Friday, after reports it was considering selling more shares.
Embattled lender New York Community Bancorp said on Thursday that its Chief Operating Officer Julie-Ann Signorille-Browne has resigned from her role, effective May 24.
With JPMorgan Chase coming off a year of record profits, investors are eager to learn about the firm’s succession plans, investments in artificial intelligence and opportunities beyond traditional banking.
Citigroup’s Titi Cole, a top executive in charge of implementing its sweeping restructuring plan, is leaving the bank, an internal memo seen by Reuters showed on Tuesday.
Laurentian Bank of Canada has cut 2% jobs across the company and shut down its equity research unit as a part of a planned restructuring of its business, the lender said on Thursday.
HSBC’s , largest shareholder, China’s Ping An Insurance , is mulling options to reduce its 8% stake in the Asia-focussed lender, Bloomberg News reported on Thursday citing people familiar with the matter.
