Fabrizio Palenzona, an influential figure in Italian finance, has tendered his resignation as chairman of Fondazione CRT, an investor in both UniCredit and Generali , a source with knowledge of the matter told Reuters.
Commercial insurer W R Berkley said on Tuesday its first-quarter profit rose 50% due to strong returns from its investments and a stronger underwriting performance.
Invesco on Tuesday reported a 14.4% drop in first-quarter profit as the asset manager’s fees took a hit from customers shifting towards lower-yield products.
Payments firm Fiserv raised its annual profit forecast and topped Wall Street estimates for first-quarter results on Tuesday, helped by strong consumer spending, sending its shares up 2.7% before the bell.
More than 4,000 investors, burnt by the 2019 failure of the flagship Woodford investment fund, will be added to an over 200- million-pound ($247 million) lawsuit against Hargreaves Lansdown , claims management group RGL said on Tuesday.
JPMorgan Chase & Co appoints Lu Fang to chair the board of its China securities arm, replacing former chair Park Pu, according to a company memo reviewed by Reuters and confirmed by a company spokesperson.
MSCI’s first-quarter revenue fell short of market expectations on Tuesday, hit by subscription cancellations and a contraction in margins due to one-time expenses, sending shares of the investment tools provider down 8%.
Goldman Sachs and Bank of America will face challenges on Wednesday as proxy advisers recommend investors vote for the banks to separate their CEO and chairman’s roles, in an effort to improve the companies’ governance.
Britain’s plans to sell its remaining stake in NatWest would end a “sorry tale” for both the country and the lender, and boost those who feel state support has held back NatWest in recent years, its Chair Rick Haythornthwaite said on Tuesday.
German reinsurer Munich Re posted a greater than expected rise in first quarter profit on Tuesday and said it is more likely to surpass its full-year target.
