Florida's Chief Financial Officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc , the biggest such divestment by a state opposed to the asset manager's environmental, social and corporate governance (ESG) policies.
European Union member states on Thursday reached a deal on rules that would force large companies to check whether their suppliers use slave or child labour, or pollute the environment, but with an optional exemption for financial services.
Canada's main stock index rose on Thursday supported by financials and commodity-linked stocks, while Canadian manufacturing data for November rose from the previous month.
Client fund outflows at Credit Suisse have partially reversed and very few clients have left entirely, Chairman Axel Lehmann told a Financial Times conference on Thursday.
Canada's TD Bank posted a surge in fourth-quarter profit on Thursday as gains from higher interest rates boosted its personal and commercial business and helped offset weakness in underwriting and capital markets.
HSBC has identified $1.7 billion of extra costs that can be stripped out next year, Chief Executive Noel Quinn said on Friday, as the bank battles to improve returns amid calls for it to be broken up by its biggest shareholder.
Canada's Bank of Montreal posted a lower fourth-quarter profit on Thursday, as revenue from its capital markets business tumbled and the lender increased provisions for credit losses to brace for potential defaults in the face of a tepid economy.
Credit Suisse shares fell to a fresh record low on Thursday approaching the offer price of the 2.24 billion Swiss francs ($2.37 billion) rights issue the loss-making bank needs to help stabilise its finances.
Canadian Imperial Bank of Commerce (CIBC) , Toronto-Dominion Bank and Bank of Montreal on Thursday joined their bigger peers in setting aside more money to cover potential loan defaults by inflation-hit customers.
J.P.Morgan on Thursday cut its 2023 earnings forecast for S&P 500 companies, citing weaker demand and pricing power, margin compression, and limited buy-backs.
