Russia’s second largest bank, VTB , has carried out a reverse share split that will raise the value of each individual share to 50 roubles ($0.57) from 0.01 roubles, the bank said on Thursday.
A Goldman Sachs bet put in place in 2021 on lending to private funds has helped drive record revenues in fixed-income financing. Now, the Wall Street bank is pushing even deeper into the growing but risky market.
Royal Bank of Canada on Thursday announced a slew of leadership changes, including naming insider Doug Guzman as its deputy chair, and said it would separate its personal and commercial banking business into two standalone segments.
Christy Goldsmith Romero is expected to be grilled on whether she has the experience to overhaul the scandal-hit Federal Deposit Insurance Corporation (FDIC) and oversee the nation’s banks when she appears before the Senate on Thursday.
Polar Capital on Thursday reported a 7% rise in assets under management to 23.5 billion pounds ($30.2 billion) in the quarter to end-June, boosted by net inflows of 644 million pounds and rising interest in funds managed by its emerging markets and Asian Stars teams.
Norway’s largest bank DNB reported a bigger-than-expected jump in second-quarter earnings on Thursday, and also forecast loan growth to pick up in the second half of 2024, supported by a stable Norwegian economy.
U.S. bank regulators fined Citigroup $136 million for making “insufficient progress” fixing data management issues identified in 2020 and required the bank to demonstrate it was putting enough resources toward those efforts.
Brazil’s Senate Constitution and Justice Committee postponed for a week voting on a constitutional amendment proposal granting the central bank financial autonomy, it said on Wednesday, to allow time to draft a new consensus text.
The top U.S. watchdog agency for consumer financial protection announced on Wednesday proposed regulations it said would require mortgage servicers to offer help to borrowers in difficulty before resorting to foreclosure.
