
Bank of America Merrill Lynch (BofA) has agreed to dispose of its stake in Japanese private banking joint venture (JV) to Mitsubishi UFJ Financial Group, as part of its strategy to focus on global banking business.
Short-term risks to the Irish financial system remain high. The international financial environment has experienced tighter credit, rising forbearance, capital flight from some vulnerable euro area countries and, especially for these countries
The most important domestic risk to financial stability in Canada continues to stem from the elevated level of household indebtedness and stretched valuations in some segments of the housing market. These fragilities could themselves trigger financial stress or significantly amplify the adverse effects of other shocks on the financial system.
The US Securities and Exchange Commission (SEC) has sued Sung Kook ‘Bill’ Hwang, the founder and portfolio manager of Tiger Asia Management and Tiger Asia Partners, over insider trading by short selling three Chinese bank stocks.
US based privately-owned investment banking and brokerage firm Sterne, Agee and Leach has appointed Daryle DiLascia as the new senior managing director in charge of depository investment banking affairs for financial institutions and investment banks.
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