Global equity funds have recorded their biggest weekly outflows since March 2020, hit by recession fears as central banks vow to keep interest rates higher to tame inflation.
Credit Agricole on Friday struck a long-term bancassurance partnership with Italy's Banco BPM strengthening ties with the country's number three lender, in which it is already the top investor.
ABP, the largest Dutch pension fund with around 500 billion euros ($530 billion) in assets, expects to cut a large number of companies from its portfolio to restrict its investments to those that make a real effort to become climate neutral.
French bank Credit Agricole said on Friday it had struck a long-term bancassurance partnership deal with Italy's Banco BPM (BBPM) to provide non-life insurance products and related services through BBPM's networks.
Citigroup Inc on Thursday named Hamza Girach and Rizwan Shaikh as co-heads of emerging markets at its banking, capital markets and advisory division in Europe, the Middle East and Africa (EMEA).
The European Central Bank (ECB) said on Thursday it has withdrawn Cypriot lender RCB's banking license, months after the central bank restricted parts of its business.
Abrdn Plc's finance boss Stephanie Bruce will leave the company, the investment firm said on Thursday without providing a timeline for her departure, at a time the firm seeks to boost returns amid market turbulence that has dented its performance.
The German financial regulator BaFin said on Thursday that it had ordered the local operations of Standard Chartered to hold more capital, citing organisational flaws.
The Swiss National Bank's foreign currency reserves shrank during the third quarter, data showed on Thursday, as weakening global stock and bond markets hit the central bank's forex investments.
The Federal Reserve's ongoing efforts to shrink its balance sheet may end earlier than once thought, even as the U.S. central bank charts a more aggressive path of interest rate rises.
