The United States intends to "quickly" nominate a candidate for the World Bank presidency who is committed to the lender's poverty reduction mission as well as lending reforms to fight climate change and other global challenges, U.S. Treasury Secretary Janet Yellen said on Thursday.
China's Ant Group on Thursday made net profit of 3.05 billion yuan ($442.13 million) in the three months to Sept. 30, down 82.7% from a year earlier, according to Reuters calculations from Alibaba Group Holding's earnings report.
Switzerland's biggest bank UBS Group AG is looking to apply for a mutual fund license in China, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
British banks face a tougher battle for mortgage customers and business borrowers in 2023, as rising costs and deposit rates paid to long-suffering savers threaten to outpace flatlining profit margins, senior industry executives and analysts said.
Europe's banks, which enjoyed a stellar fourth-quarter that yielded a surge in earnings growth to 15-year highs, are still looking cheap and could have more room to rally.
JPMorgan Chase & Co on Wednesday said it should not be held liable for a former top executive's relationship with Jeffrey Epstein in a lawsuit accusing the largest U.S. bank of facilitating its former client's sex trafficking enterprise.
SkyBridge Capital is launching a new fund to acquire holdings in 10-15 companies from distressed investors, the investment firm said in an e-mail seen by Reuters.
U.S. regulators are investigating Wells Fargo & Co's retention of employee communications over "unapproved" messaging tools, the bank said on Tuesday, the latest in a crackdown that has already sparked billions of dollars in fines.
The firm behind Binance's stablecoin, Paxos Trust Company, is in discussions with the U.S. Securities and Exchange Commission after the regulator told the company it should have registered the token as a security, according to an internal email from Paxos' chief executive officer.
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