Insurer Manulife Financial Corp said on Thursday it will outsource its property operations in Canada to focus on its entrepreneurial investment management unit.
Deutsche Bank Chief Executive Christian Sewing appealed for caution regarding German government relief packages and said the country should not come to rely on extending aid measures, speaking at an economic conference on Thursday.
Berkshire Hathaway Inc said Warren Buffett has donated more of his fortune to four family charities, without disclosing whether the billionaire chairman made a new donation to the Bill & Melinda Gates Foundation.
Mexican bank Grupo Financiero Inbursa said on Wednesday it had pulled out of the bidding process for U.S. bank Citigroup's Mexican retail arm Citibanamex.
New Zealand's central bank governor said on Thursday benchmark interest rates needed to go higher and the country also needed to go into recession to get spiralling inflation under control, which would mean pain for some home owners.
Further consolidation of Portugal's banking sector is inevitable, European Central Bank member Mario Centeno told Reuters on Wednesday, calling "remarkable" the recent progress the country's banks have made on strengthening capital and reducing risk.
Britain's finance ministry said on Wednesday it would not give itself a veto over decisions taken by financial regulators, scrapping a plan the Bank of England had warned would undermine its independence and backfire on the financial sector.
Italian banking group Iccrea Banca will receive non-binding offers this week to select an insurance partner in a deal worth around 500 million euros ($515 million), two sources said.
The U.S. Federal Reserve and the Federal Deposit Insurance Corp identified a shortcoming in Citigroup Inc's so-called "living will" that details how the firm would be unwound in the event of bankruptcy.
Brazil's Nubank, Latin America's star financial technology firm, began launching Mexican savings accounts on Wednesday as it looks to scoop up market share in a country where more than half of people do not have such accounts.
