Italy’s larger banks are still expected to pay a one-off banking tax despite the government at the weekend offering lenders a way out in return for putting aside cash to boost reserve buffers.
A group of Italian investors with a combined 10.9% stake in Mediobanca will vote to give Chief Executive Alberto Nagel a new term at a shareholders’ meeting on Oct. 28, one of the group’s members said on Monday.
Goldman Sachs and HSBC are among a group of five banks adopting a common global approach to disclosing clients’ stock positions, a move which participants say could help cut costs and bolster transparency.
Japan’s Prime Minister Fumio Kishida unveiled on Monday the pillars of a new economic stimulus package to be compiled next month to help households ease the pain of price hikes and boost wages.
The newly-agreed forum for regulatory cooperation between Britain and the European Union will hold its first meeting on Oct. 19, a senior UK finance ministry official said on Monday.
Deutsche Bank AG has hired Ainslee Withey, a Barclays technology banker, as a managing director in its technology investment banking group for internet dealmaking, according to people familiar with the matter.
Italy is unable to sell out of Monte dei Paschi di Siena (MPS) in the near term because of a lack of interested buyers and may proceed instead by placing small blocks of shares on the market, two people close to the matter said on Friday.
Citigroup has warned UK-based employees of the likelihood of redundancies as the lender pushes ahead with a sweeping reorganisation, according to a memo seen by Reuters on Friday, a move that could affect hundreds of jobs in the country.
VanEck’s exchange-traded fund (ETF) focusing on office properties edged higher on Friday, a day after tumbling on its debut as fears of interest rates remaining elevated added pressure to a commercial real estate sector already hobbled by the surge in remote work.
Oracle is ready to cater to Canadian banks for their open banking needs and provide tools as needed when the country make its available, a financial services executive with the cloud computing giant said.
