Republic First Bancorp has postponed its 2022 annual shareholders meeting until Dec. 19 and said it continues to be in talks with parties, including Norcross-Braca Group, to assess potential strategic opportunities, according to a regulatory filing.
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.
The Swiss government has appointed a new member of the Swiss National Bank’s rate-setting governing board, the central bank and the government announced on Friday.
Rising wage costs and higher investment spending by Australian banks pose headwinds that could potentially impact the sector’s earnings by up to 10% in the near term, analysts at Macquarie said on Friday, downgrading their sector rating to “underweight”.
The Australian Federal Court has fined the country’s second-biggest lender National Australia Bank (NAB) NAB.AX a penalty of A$2.1 million ($1.4 million) for wrongfully charging customers periodic payment fees, the securities regulator said on Friday.
California Insurance Commissioner Ricardo Lara took steps on Thursday to allow property insurers to factor in climate risks including wildfires in rate prices, if they increase underwriting in at-risk areas to wean consumers off state-funded coverage.
Switzerland’s financial regulator (FINMA) on Thursday said Executive Board member Johanna Preisig is leaving the authority, adding to recent resignations, including CEO Urban Angehrn.
The Reserve Bank of India on Thursday proposed that lenders should label defaulting borrowers as “wilful defaulters” within six months of an account turning non-performing.
India is on track to become a $5 trillion economy by 2027 and at present, there are no visible signs of overheating, Reserve Bank of India Deputy Governor Michael Patra said in a recent speech delivered in Cambodia.
UBS has cut around 70% of the Hong Kong-based staff headcount at Credit Suisse’s securities research unit, two sources with direct knowledge of the matter said, as the two Swiss banking giants move ahead with integration of operations.
