Bank of Nova Scotia said on Friday it would set up the first investment dealer in Canada that would be majority-owned by Indigenous shareholders and will be named Cedar Leaf Capital.
Switzerland’s parliamentary inquiry into Credit Suisse’s collapse and takeover by UBS said on Friday it had filed a criminal complaint with the attorney general’s office in a bid to clamp down on leaks about its workings.
Lobbying by banks to water down agreed capital rules simply diverts them and their regulators from dealing with the day-to-day and emerging risks they face, a global banking watchdog said on Friday.
U.S. activist investor Elliott Management is setting up a company to invest over $1 billion to buy mining assets globally, the Financial Times reported on Friday, citing people familiar with the matter.
Allianz’s 58.4 billion euro ($63.21 billion) real estate portfolio is shrinking, becoming less devoted to offices and less German, underscoring troubles in the commercial property sector and the insurer’s home market.
Brazilian financial exchange operator B3 posted on Thursday an 8.8% decrease in its fourth-quarter net profit from a year earlier, as slower equities activity hit its revenue and its costs rose.
German insurer Allianz on Thursday announced ahead of its fourth-quarter results a billion-euro share buyback programme to run for nine months from early March and raised dividends for next year by more than a fifth.
The United States on Thursday charged the CEO of Russian-state owned VTB Bank Andrey Kostin and two U.S.-based associates with sanctions violations as part of a flurry of enforcement actions aimed at Russia two years after it invaded Ukraine.
Shares in U.S. brokerage B Riley Financial jumped 17% on Thursday after it said an internal review found the company had no knowledge or involvement in alleged misconduct at Prophecy Asset Management.
Britain should focus on growing its asset management industry and ignore what is “mostly noise” over a lack of new company listings, the ceremonial head of London’s City financial district said on Thursday.
