Canadian Imperial Bank of Commerce (CIBC) said on Friday it would appeal a New York court's ruling in a lawsuit brought against the bank by an entity of U.S. private equity firm Cerberus Capital Management.
Goldman Sachs Group Inc plans to cut the year-end bonuses for its traders, Bloomberg News reported on Friday, as the Wall Street giant looks to trim costs.
Regulators must step in to protect crypto investors after the collapse of FTX, financial industry executives and lawmakers said at the Reuters NEXT conference this week, the latest call for tougher oversight of a sector prone to meltdowns.
Britain's financial watchdog on Friday warned insurers against undervaluing cars and other items when customers submit a damage claim and said it was taking unspecified action against firms breaking its rules.
Credit Suisse Chairman Axel Lehmann said in a TV interview with Bloomberg on Friday the embattled bank's outflows have basically stopped and that it is seeing partial inflows.
The highest bid India's Reliance Capital , which is undergoing insolvency proceedings, received was 60% below its aggregate liquidation value, the Anil Ambani-led company's administrator has let its lenders know, the Economic Times reported on Friday.
Citigroup Inc is negotiating the return of about $500 million it mistakenly paid a group of hedge funds and investment firms on a loan owed by Revlon Inc , the now-bankrupt cosmetics company controlled by billionaire Ronald Perelman.
Blackstone Inc limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth.
The Canadian dollar weakened against its U.S. counterpart on Thursday as investors reduced bets on another oversized interest rate hike by the Bank of Canada next week and despite the greenback losing ground against some major peers.
Austan Goolsbee, a former economic advisor to the Obama White House, will take over as the president of the Federal Reserve Bank of Chicago when its current chief Charles Evans exits in January under the central bank's age-based mandatory retirement rules.
