Julius Baer’s chief executive said on Tuesday there was nothing standing in the way of the Swiss bank becoming a $1 trillion wealth manager sometime in the next decade.
Canadian pension fund manager Alberta Investment Management Corporation (AIMCo) said on Tuesday it was expanding into Asia and opening its first regional office in Singapore.
Britain’s Metro Bank said on Tuesday that the Bank of England’s Prudential Regulation Authority (PRA) would likely not approve its application to use internal credit risk models in its residential mortgages business this year.
Russia’s second largest bank VTB could make a profit of around 420 billion roubles ($4.46 billion) in 2023, news agencies quoted CEO Andrei Kostin as saying on Tuesday.
Investment banking fees are down 30% to 35% in the third quarter from a year earlier for the sector, but Bank of America will fare better than that average, its chief financial officer said on Monday.
Reuters spoke to four shareholders that have launched activist campaigns who said that some big consumer goods companies are ripe for executive changes after failing to impress.
JPMorgan Chase CEO Jamie Dimon blasted stricter capital rules proposed by U.S. regulators, telling investors on Monday that they could prompt lenders to pull back and stymie economic growth.
KKR & Co Inc has increased its stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures by investing an additional $250 million at a valuation of $100 billion, adding to its bet on the country’s biggest retailer.
Abu Dhabi state fund Mubadala Investment Company has committed $1 billion to U.S.-based Blue Owl Capital’s credit platform under a strategic partnership announced by the two companies on Monday.
