Finance

Jamie Dimon has long joked that his retirement is five years away, no matter when he’s asked. But not on Monday. The CEO of JPMorgan Chase told shareholders the timetable is “not five years any more”, in response to a question about how […]

Hong Kong stocks climbed to a 10-month high as Beijing’s latest efforts to salvage the beleaguered property sector boosted sentiment, with some analysts advising caution as cleaning up the sector would be a challenging task. The Hang Seng Index edged up 0.4 […]

May 17 (Reuters) – Endeavor Group’s (EDR.N), opens new tab decision to deny minority shareholders the ability to veto a $13 billion deal to take the entertainment conglomerate private is the latest example of a company’s controlling investors risking lawsuits to avoid […]

MOSCOW, May 18 (Reuters) – A Russian court has ordered that Deutsche Bank’s (DBKGn.DE), opens new tab and Commerzbank’s (CBKG.DE), opens new tab assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed. […]

May 17 (Reuters) – Washington Federal Bank agreed on Friday to sell a portfolio of commercial multi-family real estate loans to Bank of America (BAC.N), opens new tab for about $2.9 billion, helping the regional lender cut its exposure to the troubled […]

May 17 (Reuters) – Endeavor Group’s (EDR.N), opens new tab decision to deny minority shareholders the ability to veto a $13 billion deal to take the entertainment conglomerate private is the latest example of a company’s controlling investors risking lawsuits to avoid […]

Japan’s biggest insurer is planning to invest more in foreign credit markets, looking to diversify its portfolio even as key domestic yields hover at decade highs. Nippon Life Insurance, the largest insurer in Japan by asset size, has started buying […]

HONG KONG, May 17 (Reuters) – Ping An Asset Management, HSBC Holdings PLC’s (HSBA.L), opens new tab largest shareholder, will continue to hold its investment in the Asia-focussed lender, a source close to the Chinese fund manager said on Friday, after reports […]

MADRID, May 16 (Reuters) – Spanish lender Sabadell rejected BBVA’s takeover offer because the bigger bank had underestimated its negative effect on capital reserves and overestimated cost savings from a deal, Sabadell’s CEO said in his first public comments on […]

NEW YORK, May 15 (Reuters) – The 35-year-old Bank of America (BAC.N), opens new tab investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, […]