U.S. banks have started to detail the expected impact to their costs from the “special assessment” fee they have to pay to replenish the Federal Deposit Insurance Corporation’s deposit insurance fund.
Barclays PLC has appointed Gautam Chawla and Amrit David as investment banking co-heads of its financial institutions group (FIG) in the Americas, according to a memo seen by Reuters on Thursday.
Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade following Credit Suisse’s collapse earlier this year.
Apollo Global Management Inc said on Thursday its second-quarter adjusted net income jumped 75% year-on-year, underpinned by strong growth in earnings from its retirement services business and management fees.
Barclays has received non-binding offers from private equity firms including Warburg Pincus and Centerbridge to buy its German consumer finance subsidiary, three people familiar with the matter told Reuters.
Societe Generale, France’s third-biggest listed bank, has reached a settlement with U.S. securities regulators amid a probe over the use of messaging platforms, the lender said in its first half financial report released on Thursday.
Nomura Holdings plans to hire more than 40 private bankers in Asia and the Middle East in two years to tap an expanding pool of rich families and entrepreneurs in the regions, its international wealth management chief told Reuters.
French insurer AXA on Thursday posted a better-than-expected 5% increase in half-year underlying earnings, driven by higher premiums and below-average damage claims for natural catastrophes in the company’s property and casualty (P&C) business.
