UBS has told its employees to stop business travel within the Middle East, in light of a deepening conflict between Israel and Hamas, a source told Reuters on Wednesday.
Humana CEO Bruce Broussard will step down in the second half of 2024 after more than a decade at the helm, the insurer said on Wednesday and named healthcare veteran Jim Rechtin as his successor.
Britain’s Financial Conduct Authority (FCA) said on Wednesday it had censured London Capital & Finance (LCF) for “unfair and misleading” promotions of minibonds, but there is no financial penalty as the firm is insolvent.
World Bank President Ajay Banga said on Wednesday interest rates will likely stay higher for longer and complicate investments for companies across the globe.
When Vernon Hill launched Metro Bank in 2010, his Yorkshire terrier tucked under one arm, he vowed the upstart lender would challenge the dominance of Britain’s big banks.
Swiss private bank Union Bancaire Privée (UBP) is set to expand its Asia wealth management team’s headcount by 50% this year, betting on growth opportunities driven by the increase in affluent investors, its regional chief executive told Reuters.
Bank of Queensland shares fell nearly 5% on Wednesday, as the lender cut its dividend after annual profit plunged by about 70% amid depressed mortgage lending, and flagged margin pressure.
Ireland will revise how it calculates its levy on banks after announcing plans to raise 200 million euros ($211.7 million) from the measure next year, up from 87 million euros in 2023, Finance Minister Michael McGrath said on Tuesday.
Bank of Nova Scotia and Sun Life Financial’s asset-management division are partnering to tap into the demand from wealthy Canadians looking to invest in private credit, the firms said on Tuesday.
