For decades, Europe’s commodity traders have avoided being regulated on par with other financial firms. A new proposal currently working its way through the European Union legislative system could change that.
HSBC Holdings Plc Chairman Mark Tucker held discussions with key shareholders in recent weeks as the Asia-focused lender pushes back against repeated calls from its biggest investor Ping An Insurance Co. to restructure.
Bank of Korea Governor Rhee Chang-yong said that it’s premature to bet on a pivot in monetary policy even with price pressures easing, because inflation remains above the central bank’s goal.
Deutsche Lufthansa AG said first-quarter earnings at its air cargo division fell as global freight rates declined, denting a continued recovery in demand for summer tourism travel.
Brent crude futures fell below $75 a barrel for the first time since March as traders fret about the health of the global economy.
UniCredit SpA raised its full-year profit target and said it will boost shareholder payouts, after a surge in lending revenue helped the bank post its best-ever first-quarter.
The expansion of Wall Street firms and Saudi government bodies is boosting banker salaries in the kingdom
When UBS Group AG integrates Credit Suisse Group AG in the coming months, the Swiss bank plans to run staff from the scandal-prone former rival through what Chairman Colm Kelleher dubbed a “culture filter” to weed out potential bad apples.
U.S. House lawmakers are requesting information from Nike Inc., Adidas AG and at least two other companies on whether they are importing products derived from forced labor in China.
BNP Paribas SA relied on its traditional strength in fixed-income and higher interest rates to lift revenue in a challenging first quarter for banks.
