A former Credit Suisse banker, who was convicted and sentenced to prison in Romania for a decade for alleged espionage in 2013, has lost an attempt to revive an $86 million London claim against the Swiss bank for lost earnings.
U.S.-based investment firm BlackRock said on Friday it would join a new sovereign debt roundtable set up to accelerate progress on stalled relief efforts for distressed countries with Britain's Standard Chartered also joining according to sources.
China Renaissance Holdings Ltd saw its shares plummet by as much as 50% on Friday after the investment bank said it is unable to contact its Chairman and Chief Executive Bao Fan, in the latest disappearance of a top business executive.
NatWest warned on Friday that rising interest rates may not deliver the long-lasting earnings bonanza investors hope for, even though profit jumped by 33% last year.
Financial sanctions against Russia have strangled its banks' profits and wrecked many lenders' international operations, but one year after Moscow sent its troops into Ukraine how much do they matter for average Russians?
South Korea has expanded its scrutiny of pay schemes into insurance and credit card firms after the country's president called on companies with strong profits to help ease the cost-of-living burden for vulnerable people.
Australia's top central banker again projected further interest rate rises in coming months and said the pain was worth bearing to bring inflation down.
Alberto Verme, a Citigroup Inc veteran of nearly three decades who had managed the company's European division and global investment bank, has died, according to an internal memo seen by Reuters.
The Bank of Japan's incoming governor Kazuo Ueda will lead a powerful trio that includes a technocrat who designed yield curve control, and a former banking-sector regulator who can look after the fallout from a future end to low interest rates.
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