MetLife Inc said on Thursday it had signed a $19.20 billion reinsurance deal with retirement and life insurance firm Global Atlantic, and boosted its stock buyback programme to $4 billion.
Toronto-Dominion Bank on Thursday reported a rise in quarterly profit, as the lender benefited from robust growth in its personal and commercial banking business.
Canada’s two biggest lenders, TD and Royal Bank of Canada , missed analysts’ estimates for quarterly earnings on Thursday as tough economic conditions spurred lenders to make higher provisions for borrowers falling behind on repayments.
CIBC reported a decline in second-quarter profit on Thursday, as the Canadian lender set aside higher provisions to prepare for soured loans due to a challenging economy.
Bank of America Corp has told around 40 bankers in Asia to look for new roles within the organisation, a person familiar with the matter said, as it moves to control costs globally and cut back amid slowing Chinese dealmaking.
The Swiss government on Thursday moved to speed up work on extending a public liquidity backstop Credit Suisse received access to in March under emergency rules to other systemically important banks and make it a permanent part of regulatory framework.
Italy’s Generali confirmed all its 2024 business plan targets on Thursday after first quarter profits rose on a strong non-life performance which more than offsetting weakness in the insurer’s life business.
The majority of New Zealand bank customers will be able to send and receive local payments seven days a week, starting on Friday, the local payments overseer said.
Colombia’s Gilinski Group signed a Memorandum of Understanding (MoU) to exit its stake in the country’s largest investment firm, Grupo Sura and take a controlling stake in food producer Nutresa , the companies said on Wednesday.
