NEW YORK, 22 Feb. (Reuters) – Bank of America Corp (BofA) (TANK.N) saved up $1.2 billion last year for litigation and regulatory investigations, including fines and settlements, according to the company. registration on Wednesday. The cost is a significant jump from $164 million registered by the second largest U.S. lender in 2021 and $823 million … Read more
Italian Finance Ministry is looking for ways to stimulate the Milan stock exchange Last year, 15 firms left Euronext Milan, as well as six newcomers. League insists key shareholders have tight control over companies ROME, Feb 22 (Reuters) – Italy’s League of the Right has submitted a bill to parliament that would increase the ability … Read more
ZURICH, 22 Feb. (Reuters) – EFG International (EFGN.S) Net income fell 1.7% to 202.4 million Swiss francs ($218.50 million) last year, a Swiss private bank said on Wednesday as it settled litigation related to a client’s relationship with a Taiwanese insurance company. EFG said it had paid 40.6 million francs in legal costs and increased … Read more
Feb 22 (Reuters) – Australia’s Origin Energy Ltd. (ORG.AX) said on Wednesday that the Brookfield-led consortium cut its takeover bid from A9 to A$8.90 per share, valuing the company at A$15.33 billion ($10.50 billion). The previous offer was submitted in November at a higher Origin price of A$15.5 billion. The parties did not specify the … Read more
Feb 22 (Reuters) – Australia’s Origin Energy Ltd. (ORG.AX) said on Wednesday that the Brookfield-led consortium cut its takeover bid from A9 to A$8.90 per share, valuing the company at A$15.33 billion ($10.50 billion). The previous offer was submitted in November at a higher Origin price of A$15.5 billion. The parties did not specify the … Read more
FRANKFURT, Feb 21 (Reuters) – Germany has identified three key measures, including financial support to develop energy transition technologies while boosting clean energy production and transmission, Economics Minister Robert Habeck said on Tuesday. “We have to strengthen the renewable energy production capacity in Germany and Europe,” he said at a press conference. Habek said the … Read more
MUMBAI, Feb 21 (Reuters) – India and Singapore on Tuesday launched a real-time communication channel to facilitate cross-border money transfers between one of the world’s largest remittance recipients and the Asian financial hub. Funds transfers will now be possible using only mobile phones due to the link between India’s Unified Payments Interface (UPI) and Singapore’s … Read more
SEOUL, Feb 21 (Reuters) – A South Korean court on Tuesday recognized state health insurance coverage for a same-sex couple in a landmark verdict, overturning a lower court ruling that a union cannot be considered a civil-law couple under current law. This is reported by the South Korean news agency Yonhap. The Seoul High Court … Read more
BEIJING, Feb 19 (Reuters) – China’s banking regulator and central bank plan to adopt a more differentiated regulatory framework for assessing the capital adequacy of commercial banks and managing risks to better prevent risks in the country’s financial system. The China Banking and Insurance Regulatory Commission and the People’s Bank of China jointly released an … Read more
BEIJING, Feb 19 (Reuters) – China’s banking regulator and central bank plan to adopt a more differentiated regulatory framework for assessing the capital adequacy of commercial banks and managing risks to better prevent risks in the country’s financial system. The China Banking and Insurance Regulatory Commission and the People’s Bank of China jointly released an … Read more