UBS agrees with the vast majority of measures Switzerland’s government proposed last month to police its banks, the lender’s CEO Sergio Ermotti said on Thursday.
Allianz is the lead insurer for the Singapore Airlines aircraft which left one person dead and scores injured after it hit severe turbulence and had to be diverted to Bangkok this week, two sources said on Thursday.
Hong-Kong based Segantii Capital Management has informed its investors it will return their money, weeks after authorities charged the hedge fund and its founder, Simon Sadler, for insider trading, a spokesperson for the firm said on Thursday.
Britain’s finance ministry said it was “working through internal due process” when asked to clarify the possible impact of a July 4 election on the government’s proposed retail offer in NatWest , a spokesperson told Reuters in an emailed statement on Thursday.
Banking giant HSBC has been fined 6.2 million pounds ($7.9 million) for failing to treat financially-stretched customers fairly, Britain’s Financial Conduct Authority (FCA) said on Thursday.
TD Bank on Thursday reported better than expected quarterly earnings helped by strength in Canada and its wealth management unit, even as its U.S segment struggled amid probes related to its anti-money laundering program.
Italy’s insurance regulator has cleared in recent days the agreement between Iccrea Banca and French insurer BNP Paribas Cardif , the head of the cooperative banking group said on Thursday.
Goldman Sachs has chosen Jens Hofmann and Tibor Kossa, both working for the bank, as new co-heads of its Germany and Austria investment banking business, one of the top U.S. banks said in a memo seen by Reuters on Thursday.
Shares in Natwest fell slightly in early London trading on Thursday, after Reuters reported that Britain was poised to scrap a milestone sale of the bank’s shares to the general public as PM Minister Rishi Sunak called a surprise election.
