Top fund manager BlackRock Inc won support from investors at its annual meeting on Wednesday as it seeks a middle ground in debates over its environmental, social and governance (ESG) policies.
Citigroup Inc will pursue an initial public offering of its Banamex unit comprising consumer, small business and middle-market banking operations in Mexico, the bank said on Wednesday.
Borrowing across the global hedge fund industry has hit record highs, Goldman Sachs said in a note to clients on Wednesday, as rising interest rates make it cheaper for speculators to borrow stock and bet on movements in company stock prices.
The Emirates Investment Authority, the federal sovereign wealth fund of the United Arab Emirates, will restructure its board of directors, UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum said on Wednesday.
Bank of Montreal and Bank of Nova Scotia on Wednesday reported smaller-than-expected profit for the second quarter, due to higher expenses and as the Canadian banks were forced to set aside more rainy day funds amid an uncertain banking environment.
HSBC is reviewing a possible exit from as many as 1 in 5 of the countries the lender operates in to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his first interview since taking the role.
UBS will have an "incredibly high bar" on investment banking staff it takes on from Credit Suisse following the merger of the two banks, UBS Chairman Colm Kelleher said on Wednesday.
Shares of PacWest Bancorp climbed 6.4% in premarket trading on Wednesday after the U.S. mid-sized lender agreed to sell its property lending unit in the second asset sale this week to bolster its balance sheet.
Bank of Montreal's second-quarter profit jumped as higher interest rates shored up the lender's net interest income, the Canadian bank said on Wednesday.
