Italy’s Banco BPM to grow investor payback as rates decline

[ad_1] MILAN, Dec 12 (Reuters) – Italy’s Banco BPM (BAMI.MI) on Tuesday pledged to moderately grow profits through 2026 as net fees offset declining interest rates, allowing it to increase…

Exclusive: JPMorgan to outsource $500 billion custody business in Hong Kong, Taiwan

[ad_1] A J.P. Morgan logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo Acquire Licensing Rights HONG KONG, Dec 12 (Reuters) – JPMorgan Chase (JPM.N)…

Goldman Sachs hires Wells Fargo executive to lead transaction banking

[ad_1] The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew…

South Africa selects Russia’s Gazprombank as partner for PetroSA refinery

[ad_1] A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 16, 2022. REUTERS/Anton Vaganov/File Photo Acquire…

Citigroup reorganization to be completed in first quarter, CFO says

[ad_1] The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren/File Photo…

Canada financial regulator maintains banks’ domestic stability buffer at 3.5%

[ad_1] [1/2]A sign for the Bank of Montreal in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio Acquire Licensing Rights OTTAWA, Dec 8 (Reuters) – Canada’s financial regulator on Friday…

Italy to hand Monte dei Paschi CEO Lovaglio new mandate

[ad_1] Deputy Chief Executive of Pekao Luigi Lovaglio presents the company results during a media conference at the bank’s headquarters in Warsaw March 9, 2011. REUTERS/Kacper Pempel Acquire Licensing Rights…

Russia launches its Mir payment cards in Cuba

[ad_1] A woman passes in front of a Russian National Payment Card System (NSPK) signage at the company’s office in Moscow, Russia March 21, 2019. Picture taken March 21, 2019.…

Climate finance takes centre stage at COP28 climate talks

[ad_1] UAE banking sector pledges $270 bln in green finances by 2030 Saudi leaders skip flagship event, after crown prince a no show Poorer countries will need $2.4 trln/year by…

Insurers heavily exposed to climate change, global watchdog says

[ad_1] LONDON, Dec 6 (Reuters) – Insurers are heavily exposed to the impact of climate change and also face risk from their alternative investments in reinsurance, the International Association of…