New issuances of covered bonds in Europe, where they are most common, are expected to fall in the second half of 2020, as central bank stimulus provides a competitive new source of funding for banks, S&P Global said.
Euronext and CDP Equity revealed Friday that they are now in exclusive talks with the London Stock Exchange Group to acquire Borsa Italiana, Italy’s only major stock exchange, which was sought after by two other bidders.
Sumitomo Mitsui Trust Bank said on Friday that the vote-counting problems found at Toshiba’s annual general shareholders’ meeting, which was held in July, may have occurred at other companies as the bank used the same tallying procedures.
Citigroup, the third-largest U.S. bank by assets, said Friday that its new environmental, social and governance investment fund has put money into four startups focusing on sustainability initiatives.
Citigroup said on Friday that its Asia Pacific arm will be offering 6,000 jobs to young people in the region over the next three years, as youth unemployment figures rise amid the COVID-19 pandemic.
Swedbank acknowledged on Friday that it was subject to a new investigation from Sweden’s financial watchdog regarding violations in connection to suspected money laundering and other financial market abuse.
The boards of directors of Spanish banks CaixaBank and Bankia approved a merger plan between the two, the banks said Friday, which will create the biggest lender in the country, with more than EUR 664 billion ($788 billion) in total assets.
A high-level Citigroup employee was placed on paid leave after he was revealed to be the operator of a popular website dedicated to the QAnon conspiracy theory, a bank spokesperson told Fastinform on Thursday.
Although the COVID-19 pandemic is still having an effect, Japan’s economy has begun to pick up as business gradually resumes, the nation’s central bank said Thursday after deciding to keep interest rates unchanged.
The Bank of England said Wednesday it will leave interest rates unchanged as the outlook for the economy remains hazy amid continued concerns about the coronavirus and Brexit, but left the door open to move to negative rates if things decline.
PIMCO, the eighth-largest U.S. asset manager, has tapped former central bank veteran and climate finance specialist Mark Carney to join a team of high-profile advisors helping to inform the firm’s investment decisions.
Swiss bank UBS will offer five new climate-oriented strategies aiming to reduce the carbon footprint of their funds’ investments as its clients grow more climate-conscious, the lender said Wednesday.
Swedish bank Handelsbanken said Wednesday that it expects to close about 180 branches in Sweden by the end of 2021 and to eliminate about 1,000 employees in Sweden over the next two years, as it increases its focus on its digital offerings for customers.
Private Swiss bank Julius Baer said it is in “advanced discussions” with the U.S. Department of Justice to resolve a money laundering and corruption probe regarding the world soccer governing body FIFA.
Truist Financial launched its corporate venture capital division on Wednesday, which debuted alongside a new deal with global payments fintech Veem to help power new partnerships and investments for its corporate clientele.
Kim Posnett will co-lead Goldman Sachs’ global investment banking services unit, the bank revealed in an internal memo, making the veteran of the New York institution the first woman to hold the role.
Australia’s central bank said it would “maintain highly accommodative settings as long as required” in order to support the nation’s recovery from the coronavirus-related economic downturn.
JPMorgan Chase, the largest U.S. bank by assets, cut projected net interest income for 2020 while pointing to signs that offsetting business increases could see it through the current stretch of low loan growth.
BMO Investments launched four new sustainable funds, creating new options for retail investors interested in low-risk sustainable investing, as it catches up on the surging environmental, social and governance trend. Correction: A previous version of this story misstated the number of BMO's existing sustainable funds and the total assets BMO Financial Group had under management. The errors have been corrected.
Citigroup will be resuming staffing reductions starting this week, joining other global firms in ending a pandemic-induced pledge to pause job cuts, as the bank commits to investing heavily in its risk and control functions to satisfy regulators.