Citigroup to require vaccines for staffers returning to main U.S. offices
Citigroup Inc (C.N) will require U.S. employees returning to its New York headquarters and offices in some cities to be vaccinated against COVID-19, the bank’s head of human resources, Sara Wechter, said in a LinkedIn post on Tuesday.
StanChart CEO says companies must act on climate change, can’t bank on governments
Companies should not rely on governments to reach agreement at a global summit on climate change this year, but rather take more action themselves, Standard Chartered (STAN.L) CEO Bill Winters said on Tuesday.
Australia’s NAB to buy Citi’s local consumer business in $882 mln deal
National Australia Bank (NAB.AX) will buy Citigroup’s (C.N) local consumer unit for about $882.24 million, the companies said Monday, as the American bank exits the region while buy-now, pay-later rivals challenge the old credit card business model.
Indian bankers in talks as court rulings threaten over $6 billion in loans
Informal talks are taking place to deal with the fall-out from two rulings by India’s Supreme Court that threaten the repayment of loans totalling nearly 500 billion rupees ($6.73 billion) to some of India’s largest banks, bankers close to the matter say.
EXCLUSIVE Banker behind report alleging HSBC racism resigns over lack of support
The author of a report alleging institutional racism inside HSBC (HSBA.L) has resigned, citing frustration at its response to some of his criticism and a lack of support from white colleagues, two internal emails seen by Reuters show.
ING reports $2.5 bln pretax profit, plans dividends and buybacks
ING Groep NV (INGA.AS) on Friday reported a better-than-expected quarterly pretax profit of 2.07 billion euros ($2.45 billion) and said it plans to resume paying dividends as it reversed some provisions for bad loans taken amid the coronavirus pandemic.
Singapore’s DBS bets on post-pandemic recovery, profit up on lower credit costs
Singapore’s DBS Group Holdings (DBSM.SI) flagged strong loan growth and lower credit costs ahead after a rebound in its mainstay home market fuelled a better-than-expected 37% jump in quarterly net profit for Southeast Asia’s biggest lender.
Italy’s Treasury under siege over Monte dei Paschi deal
Italy’s Treasury is under fire from ruling parties seeking guarantees for Monte dei Paschi’s employees and Siena’s local economy, after the ministry entered exclusive talks to sell the ailing Tuscan bank to UniCredit.
Australia’s deal boom set to intensify on cheap cash, pandemic confidence -bankers
Australia’s record merger-and-acquisition (M&A) boom can only intensify in the near term as ultra-low interest rates and confidence that the economy will rebound from the COVID-19 pandemic are likely to drive deal activity, bankers said.
Goldman Sachs to raise pay for junior investment bankers – Business Insider
Goldman Sachs Group Inc (GS.N) is raising salaries for its junior employees in the investment bank division, Business Insider reported on Sunday.
