TAIPEI, July 7 (Reuters) – Taiwan’s central bank said on Sunday that it has no timetable for launching a digital currency, warning the process will be “huge and complex”, but it will hold public hearings on the matter next year to spread knowledge. Taiwan’s central bank has been working on a pilot for a government-run […]
ROME, July 5 (Reuters) – UniCredit (CRDI.MI), opens new tab is willing to consider M&A opportunities if financial conditions are right, but they are not a must, Chief Executive Andrea Orcel said in an interview published on Friday. “M&A is a possibility, not an compulsory choice,” Orcel told Italian regional newspaper La Sicilia. Italy’s second-largest bank has […]
TORONTO, July 5 (Reuters) – TD Bank’s (TD.TO), opens new tab chief compliance officer has left the bank, according to a memo sent internally, at a time the Canadian lender faces U.S. regulators and the Justice Department in a probe related to its anti-money laundering program. Monica Kowal, who joined the bank in 2017, left the company this […]
uly 3 (Reuters) – Private equity firm KKR & Co (KKR.N), opens new tab agreed to acquire Varsity Brands, a U.S. maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 billion, including debt, people familiar with the matter said on Wednesday. KKR will own Varsity Brands through its Americas private equity fund, […]
July 5 (Reuters) – HSBC (HSBA.L), opens new tab is attracting initial interest from peers including BNP Paribas SA (BNPP.PA), opens new tab and UBS Group AG (UBSG.S), opens new tab, for the sale of its German wealth management unit, Bloomberg News reported on Thursday, citing people familiar with the matter. Julius Baer (BAER.S), opens new tab is also among potential bidders […]
MADRID, July 5 (Reuters) – BBVA’s (BBVA.MC), opens new tab Chair Carlos Torres on Friday told its shareholders that he was fully confident of the success of its 12-billion-euro takeover for smaller rival Sabadell (SABE.MC), opens new tab. The bid, which is opposed by the Spanish government, was rejected by Sabadell’s board, prompting BBVA to launch in May a hostile offer directly to Sabadell’s […]
BENGALURU, June 27 (Reuters) – Indian private lender RBL Bank (RATB.NS), opens new tab said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale. The bank will raise 35 billion rupees through QIP and 30 billion rupees through issue of debt […]
June 28 (Reuters) – The euro was on track for its biggest monthly fall since January as political uncertainty weighed in the run-up to France’s general elections, while the dollar jumped to a near four-decade high against the battered yen ahead of key inflation data. Investors fear that a new French government could increase fiscal […]
SYDNEY, June 27 (Reuters) – (This June 27 story has been corrected to fix the spelling of the name ‘Dhupelia’ in paragraph 10) A possible revival in IPOs in Hong Kong after a pickup in Chinese regulatory approvals, and a string of mega deals in India are expected to make Asia a bright spot for […]
June 27 (Reuters) – Big U.S. banks had enough capital to weather a potentially severe economic downturn but some of their risky businesses could hypothetically take a major hit this year, according to results of the Federal Reserve’s annual stress test. The 31 banks that participated showed they could withstand, opens new tab a spike in joblessness and stresses in […]