The European Central Bank has shortlisted Germany's Claudia Buch and Spain's Margarita Delgado for the role of chief banking supervisor, two sources told Reuters.
A lawyer for hedge fund manager Sanjay Shah's Solo Capital called for Britain's top judges on Wednesday to block a 1.44 billion pound ($1.8 billion) Danish lawsuit over "cum-ex" schemes, which flourished after the 2008 global credit crisis.
The European Central Bank on Thursday backed proposed new EU rules for closing down smaller banks when they fail, but said they should be more ambitious and apply across the bloc.
Australia's fourth largest pension fund suspended new work with PwC Australia on Tuesday, the latest in a string of funds to pause work with the accounting firm over a scandal which first surfaced in January over the misuse of government tax plans.
U.S.-based Verition Fund Management is opening an office in Dubai, joining a raft of other hedge funds including BlueCrest which have expanded to the Gulf region's financial hub.
Raiffeisen Bank International is delaying plans to leave Russia, three people familiar with its position said, as Austria steps up its defence of long-standing ties with Moscow.
Two lawmakers on Thursday called on PwC Australia to name all the companies it sought to advise on the basis of leaked government tax plans, after a report linked Google to the national scandal first exposed in January.
Venture capital funding globally almost halved in the first six months of 2023, data from research firm PitchBook showed, highlighting a lack of enthusiasm on the part of investors as well as less demand amid sharply higher interest rates.
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