JPMorgan Chase & Co will keep growing in Latin America over the next few years as it expects the region's geopolitical outlook to improve, said Alfonso Eyzaguirre, the bank's chief executive for Latin America and Canada.
Credit Suisse shareholders on Wednesday approved a 4 billion Swiss franc ($4.20 billion) equity capital hike earmarked to finance the embattled Swiss bank's turnaround.
First International Bank of Israel (FIBI) reported on Wednesday a 28% rise in third-quarter net profit, citing growth in credit and deposits as well as the impact of rising interest rates.
Credit Suisse expects to make a heavy loss for the final three months of the year, continuing to bleed billions of francs as wealthy clients turn their back on the embattled Swiss bank.
Britain's government may need to pay the Bank of England more than 30 billion pounds ($36 billion) next year and also in 2024 to cover losses on its quantitative easing (QE) programme, a report released by the central bank on Tuesday showed.
Hestia Capital Partners LP, which scored big gains on its GameStop bet, is pushing shipping and mailing company Pitney Bowes Inc to re-evaluate its capital allocation and e-commerce strategy, sources familiar with the matter said.
German authorities searched the Frankfurt office of bank BNY Mellon on Tuesday in connection with an ongoing investigation into the multi-billion euro tax fraud scheme known as "cum-ex", the bank said.
Credit Suisse has laid off about one-third of its China-based investment banking team and nearly half of its research department, sources with knowledge of the matter told Reuters, as part of a global restructuring and as its China business slows.
