One of Russia's oldest asset managers, First AM, has filed a claim for 184.8 billion roubles ($2.04 billion) with the Moscow Arbitration Court against Euroclear Bank, court documents showed, trying to protect investors whose assets were frozen.
Barclays is betting it can revive its wilting share price by upping investment in a crop of its smaller businesses including U.S. credit cards, sources familiar with the matter said. But some of its top shareholders would prefer the quicker fix of a buyback.
Spanish banks, such as Santander and BBVA , performed better in European stress tests with a lower capital depletion than two years ago, except for Bankinter , news website El Confidencial said on Wednesday, citing provisional data.
Deutsche Bank has reorgnised the setup of its vast retail operations under the division's new board member, according to an internal memo seen by Reuters.
China's financial regulator has asked banks to respond to a Goldman Sachs report published last week that downgraded ratings on some Chinese banks and raised questions over the whole sector, Bloomberg News reported on Wednesday.
One of the world's top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter.
Australia Treasurer Jim Chalmers said on Wednesday the cabinet would meet soon to decide the next governor of the country's central bank, after local media reported that a government decision could be reached as early as this week.
Bank of America on Tuesday agreed to pay $250 million in fines and compensation to settle claims the bank systematically double-charged customers fees, withheld promised credit card perks, and opened accounts without customer authorization.
Norway's largest bank DNB said on Wednesday momentum was still good across much of the Norwegian business sector as it reported a bigger-than-expected rise in quarterly earnings helped by a robust economy and higher interest rates.
Barclays on Wednesday won a UK Supreme Court appeal that turned on the extent of banks' duties to protect customers from fraudsters, in a closely watched decision lawyers say could stem a flood of litigation.
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