 | | | | U.S. investors were rushing to invest in money market funds as the conflict between Russia and Ukraine intensified, fuelling worries about inflation and economic growth. | | | | | | Citigroup Inc will search for a new compliance chief as its general counsel takes on oversight of compliance functions in keeping with a 2020 order from U.S. federal regulators, according to an internal memo. | | | | | | Global equity funds saw massive outflows in the week to March 2 as investors sought safer havens for their assets amid Russia's invasion of Ukraine. | | | | | | TD Bank's planned $13.4 billion purchase of First Horizon Corp would give it access to one of the fastest growing regions in the United States, but some investors expressed concerns about the deal's timing and the target's higher costs. | | | | | | Russia's largest bourse, Moscow Exchange, said on Friday Russian companies with direct access to trading will need to pay a 12% commission if they want to buy foreign currency, while freeing importing companies from paying the levy. | | | | | | Russia's parliamenton Friday passed a law that makes it easier for the government to use the country's National Wealth Fund (NWF) to buy stocks of Russian companies and government bonds as an anti-crisis measure. | | | | | | Foreign companies that want to leave Russia will receive fast-tracked bankruptcy protections or can hand their stakes over to local managers until they return to Russia, First Deputy Prime Minister Andrei Belousov said on Friday. | | | | | | The New Development Bank (NDB) established by the BRICS group of emerging nations said it has put new transactions in Russia on hold. | | | | | | A World Bank emergency cash disbursement to Ukraine will grow to 460 million euros ($509 million) with contributions from Sweden and the Netherlands, and will be submitted for board approval on Friday, two people familiar with the transaction said. | | | | | | Citibanamex is spending 1.4 billion pesos ($67.8 million) to remodel more than 1,200 branches in Mexico with plans to expand, a top executive said on Thursday. | | | | | |
