Top earning bankers moved to EU from Britain ahead of Brexit-report
Nearly a hundred highly paid bankers left Britain ahead of its departure from the European Union, the bloc’s banking watchdog said on Wednesday, the latest confirmation of how Brexit has reshaped Europe’s financial sector and its tax base.
MOVES Citigroup poaches Shah from Credit Suisse to boost tech M&A
Citigroup (C.N) has hired veteran tech banker Dhiren Shah from Credit Suisse Group AG (CSGN.S), as it doubles down on investing in its tech franchise, according to a memo seen by Reuters on Tuesday.
Delta delays great exit as RBNZ holds fire on hikes
The Delta variant has delayed an expected rate hike in New Zealand, leaving Norway likely the first G10 economy to begin the journey out of an era of emergency-level interest rate lows.
HSBC snaps up Axa Singapore assets for $575 mln in Asia expansion
HSBC Holdings (HSBA.L) has agreed to acquire French insurer Axa’s (AXAF.PA) Singapore assets for $575 million, part of its strategy of scaling up its wealth-management business in Asia to boost fee income.
Malaysia c.bank slashes 2021 growth outlook on COVID-19 surge, lockdowns
Malaysia’s economy expanded more quickly than expected on an annual basis in the second quarter, but the central bank slashed its 2021 growth forecast as rising COVID-19 cases and new lockdown measures weighed on the outlook.
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
Four years after spending 5.4 billion euros ($6.3 billion) to rescue it, Rome is in talks to sell Monte dei Paschi (BMPS.MI) to UniCredit (CRDI.MI) and cut its 64% stake in the Tuscan bank.
Australia’s NAB posts 10.3% rise in cash profit, upbeat on outlook
National Australia Bank Ltd (NAB.AX), the country’s No. 3 lender, said on Thursday its third-quarter cash profit rose 10.3% as it was able to move funds set aside for potential COVID-19 losses back into profit.
U.S. Justice Dept says tweaks to debit-card rule good for competition, consumers
The U.S. Justice Department on Wednesday threw its weight behind a proposed rule change that would require banks and other debit card issuers to provide multiple network options to merchants to route online purchases.
Dutch bank ABN Amro resumes dividend payments as Q2 net profit beats
Dutch bank ABN Amro (ABNd.AS) said on Wednesday it would resume dividend payments as an economic recovery in the Netherlands had helped a stronger-than-expected bounce in net profit.
Deutsche Bank bolsters U.S. healthcare IB unit with new exec hires
Deutsche Bank AG (DBKGn.DE) has hired two new managing directors for its healthcare investment banking team in the United States, according to an internal memo seen by Reuters, as the bank looks to double down on healthcare dealmaking.
