In a tough year for Canadian banks, shares in mid-sized lender EQB Inc jumped more than 50% on solid earnings growth, making it the best-performing banking stock in 2023, with investors expecting more gains this year.
The National Bank of Belgium asked Governor Pierre Wunsch to stay on in a temporary capacity after his term lapsed on Monday without the government managing to agree on his reappointment to the European Central Bank’s rate-setting Governing Council.
BNP Paribas has signed an agreement with France’s leading consumer group CLCV for between 400 million and 600 million euros ($662.3 million) compensation after its consumer credit unit was sentenced over misleading practices about swiss-franc mortgages, French daily Le Parisien said on Monday.
Saudi Arabia’s Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report published on Jan. 1 showed.
Asset management firms hoping to be among the first to win regulatory approval to launch exchange traded funds (ETFs) tied to the spot price of bitcoin updated their filings with the Securities and Exchange Commission on Thursday and Friday, as market participants said a decision from the regulator may be imminent.
Peru’s government will launch an exchange-traded fund (ETF) sovereign debt instrument in January that will be exempt from income taxes, Economy Minister Alex Contreras said on Thursday.
When Ted Pick takes over as the new CEO of Morgan Stanley next week, the three-decade bank veteran’s frank manner and steady hand will help him steer the firm through a dealmaking slump.
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$3.9 million on Credit Suisse AG for the bank’s failure to prevent or detect misconduct by its relationship managers, the regulator said on Thursday.
OakNorth, a SoftBank-backed British bank for businesses, has appointed former top UK financial regulator Adair Turner as its new chairman, the company said on Wednesday.
SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no additional cost, driving the Japanese conglomerate’s shares up 5%.
