Bank of Nova Scotia (Scotiabank) is eying North America’s booming $1.6 trillion trade with its renewed Mexico bet, a strategy that offers hope but brings risks that have seen many global lenders including Citigroup Inc. scaling back.
Lloyd’s of London has said it will stay in its City tower until at least 2035 after the insurance market extended its lease with the building’s owner, Chinese insurer Ping An.
Four years after Goldman Sachs introduced a credit card with Apple , the Wall Street giant faces a costly exit from a partnership that is seen by other lenders as too risky and unprofitable.
UniCredit is considering acquisitions in the coming years, particularly in Central and Eastern Europe, Chief Executive Andrea Orcel said in an interview published on Monday, confirming, however, a very disciplined approach to doing so.
Citigroup Inc’s plan to set up a wholly-owned securities business in China is taking longer than expected because the bank needs more time to comply with the country’s data laws, Bloomberg News reported on Monday.
A committee of Indian lawmakers will hold discussions with four government-owned banks early next year under banking laws which among other things govern mergers and acquisitions, according to a government document.
ATB Capital Markets, the eighth largest Canadian financial institution, has been retained to liquidate the assets of collapsed Toronto hedge fund Traynor Ridge Capital, a court-appointed receiver said in documents filed on Friday.
Ireland’s PTSB was cleared by regulators on Friday to resume dividend payments for the first time since 2008, a decision the majority state-owned bank said was a “landmark” moment that would enhance its investment case.
U.S. bank stocks fell on Friday after a U.S. Federal Reserve policymaker dashed market expectations of interest-rate cuts early next year but were still trading close to the level last seen before the sector’s crisis in March.
