Swiss stock exchange operator SIX said on Thursday it expects to report a loss in 2023, as it will book non-cash impairments of over a billion Swiss francs, mainly in relation to its stake in European payments provider Worldline .
Australia’s ANZ Group said on Thursday it had appealed against a Federal Court decision that found the lender guilty of not disclosing that its underwriters had bought nearly one-third of a share issue worth A$2.5 billion ($1.68 billion) in 2015.
National Australia Bank said it had agreed to combine its New Zealand wealth advice and asset management unit with that of Jarden Wealth and Asset Management, forming a new entity with about NZ$29 billion ($17.99 billion) of funds under advice and administration.
Britain’s Financial Ombudsman Service (FOS) said on Thursday that complaints about financing and insuring cars have spiked as claims management firms pile in with “speculative” claims that are mostly rejected.
The European Union agreed a deal on Wednesday to ease its capital rules for insurers, a step the bloc’s lawmakers said could free up tens of billions of euros for investing in green technology and infrastructure to boost growth.
The Reserve Bank of New Zealand (RBNZ) said on Thursday it had issued a formal warning to Citigroup’s local unit for failing to provide sender information in international payment transfers to recipient banks.
Swiss lender UBS Group AG has stepped up efforts to recoup hundreds of millions in cash bonuses that Credit Suisse paid to retain dealmakers before the lender’s collapse, Bloomberg News reported on Wednesday.
Bank of Nova Scotia CEO Scott Thomson unveiled a new strategy for the Canadian lender on Wednesday, focusing on growth at its Canadian, Mexican and Caribbean units while it could exit underperforming regions such as Colombia.
Credit Suisse Securities and two affiliated firms have agreed to pay over $10 million to settle U.S. Securities and Exchange Commission charges they provided prohibited services to mutual funds, the regulator said on Wednesday.
Bank of America executive Keith Banks, who ran several of its major businesses, will retire at the end of February after more than four decades in finance, the company said on Wednesday.
