China asks large state financial institutions to drop auditor PwC, say sources
Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for […]
Swiss franc hits highest vs euro since 2015 amid volatile markets
The Swiss franc rose to its highest level against the euro in nearly a decade on Monday as heavy losses in stock […]
UK regulator says push payment scams worth 341 mln pounds reported in 2023
A UK regulator on Thursday reported more than 252,000 cases of authorised push payment scams worth about 341 million pounds ($438 million) […]
Citi breached a rule meant to keep banks safe, made liquidity reporting errors
Citigroup (C.N), opens new tab repeatedly breached a U.S. Federal Reserve rule that limits intercompany transactions, leading to errors in its internal liquidity reporting, […]
Singapore’s UOB looking at North Asia opportunities as wealth earnings jump
Singapore’s United Overseas Bank (UOB) (UOBH.SI), opens new tab reported a 40% surge in wealth management income during the second quarter and said it […]
Mastercard allays spending concerns with profit beat
Mastercard (MA.N), opens new tab beat second-quarter profit expectations on Wednesday and said spending was holding up, reassuring investors worried about customers’ financial health […]
China’s Richest Man Risks Losing Crown After $13 Billion Wipeout
China’s richest man is at risk of losing the pole position he’s held for almost three years, with his wealth slipping the […]
France’s SocGen to buy 75% stake in energy-focused investment firm Reed Management
French bank Societe Generale (SOGN.PA), opens new tab said on Wednesday it had agreed to buy a 75% stake in Reed Management, an alternative […]
Mizuho posts 18% Q1 earnings increase, bolstered by Japan’s end to deflation
Japan’s third-largest lender by assets, Mizuho Financial Group (8411.T), opens new tab, reported an 18% growth in first-quarter profit on Wednesday as the […]
Japan yields scale 15-year peaks, bank shares surge as BOJ hikes rates
Short-term Japanese government bond yields scaled 15-year peaks and Japanese bank shares soared on Wednesday as the Bank of Japan raised interest […]
US bank regulator looks to tighten control of asset managers’ bank stakes
A U.S. bank regulator is considering a stricter framework for how large asset managers like Blackrock (BLK.N), opens new tab and Vanguard can prove […]
Intesa lifts profit goal, signals extra rewards after strong quarter
Italy’s biggest bank Intesa Sanpaolo (ISP.MI), opens new tab on Tuesday raised its profit outlook, after posting stronger than expected quarterly earnings and signalling […]