May 23 (Reuters) – TD Bank (TD.TO), opens new tab on Thursday reported better than expected quarterly earnings helped by strength in Canada and its wealth management unit, even as its U.S segment struggled amid probes related to its anti-money laundering program. […]
China’s largest insurer Ping An Insurance (Group) has sold HK$392 million (US$50 million) worth of its shares in London-based HSBC in an apparent tantrum days after reports that the bank’s largest shareholder voted against the reappointment of the lender’s departing CEO Noel Quinn as […]
The carmaking unit of troubled property giant China Evergrande has been asked by China’s local governments to return 1.9 billion yuan (US$267.7 million) of subsidies after the company failed to produce cars. China Evergrande New Energy Vehicle Group (Evergrande NEV), which entered into […]
Just over a year after HSBC Holdings acquired the UK unit of Silicon Valley Bank (SVB) for £1 (US$1.27), wealthy customers from Hong Kong and the rest of Asia are keenly exploring investment opportunities in tech start-ups, according to a […]
LONDON, May 23 (Reuters) – Nationwide Building Society (NBS.L), opens new tab said it could realise as much as a 1.5 billion pound ($1.91 billion) gain on its acquisition of rival Virgin Money, announced earlier this year and expected to close in […]
A year on from its surprise $550m acquisition of advisory boutique Greenhill, Japanese bank Mizuho wants to achieve what so many of its rivals have failed to do — break America. Mizuho plans to establish itself as a top 10 investment bank […]
BERLIN (Reuters) – Defence, social spending and interest payments are limiting the scope for other investments in the German budget, German Finance Minister Christian Lindner said on Wednesday. “Our federal budget is characterised by social spending, defence and interest [payments],” […]
A look at the day ahead in U.S. and global markets from Mike Dolan While the inflation and interest rate world continues to throw up unpleasant surprises, it’s hard to imagine much of a shift in major indexes on Wednesday […]
Hong Kong is positioning itself as a hub for insurance-linked securities (ILS), particularly catastrophe bonds, as it aims to aid global fundraising for managing natural disaster losses. Clement Cheung, CEO of Hong Kong’s Insurance Authority (IA), has emphasized the […]
LONDON, May 22 (Reuters) – UK regulators fined Citigroup (C.N), opens new tab 61.6 million pounds ($78.5 million) for controls failings in its trading operations, one of the biggest sanctions for systems breaches, which in one case saw the Wall Street firm […]
