Jamie Dimon, the chief executive of U.S. bank JPMorgan Chase & Co , is visiting Taiwan on Friday, a source with direct knowledge of the matter said, his first trip to the island in a nearly a decade, after concluding a visit to China this week.
Citigroup Inc has hired former UBS Group AG banker Dan Ford as a vice chairman within the natural resources and clean energy transition group of its investment bank, according to an internal memo seen by Reuters on Thursday.
SVB Securities is preparing a management buyout with backing from billionaire investor Seth Klarman’s hedge fund Baupost Group, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have changed: they may not get paid.
SoftBank Group Corp shares jumped 5% in early Friday trade as the technology investor – which is preparing an initial public offering of chip designer Arm – was caught up in a frenzy for semiconductor and artificial intelligence-related stocks.
Bank of America Corp expects investment banking fees and trading revenues to be broadly flat this quarter, its CEO, Brian Moynihan, told investors at a conference on Thursday.
Spain’s Unicaja on Thursday it would immediately start searching for a new chief executive to replace Manuel Menendez as part of the bank’s plan to revamp its corporate governance structure.
Canada’s banking regulator released drafts for two frameworks focused on big banks and life insurers on Thursday, betting that tighter regulatory requirements would boost investors’ and depositors’ confidence in the industry.
Vanguard Group, the world’s largest issuer of mutual funds, was fined and censured by the Financial Industry Regulatory Authority (FINRA) for errors appearing in about 8.5 million customer account statements.
Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its Shanghai office this year, the Financial Times reported on Thursday, citing people familiar with the matter.
