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BNP Paribas is exiting its U.S. retail business providing its expansion plans with a financial boost. The French bank is selling its U.S. Bank of the West – for $16.3billion to Bank of Montreal, it said in a statement Monday With the sale proceeds BNP Paribas…
Switzerland’s largest bank didn’t escape the Archegos wreckage unscathed. UBS’ singing is however far from the burn that rival Credit Suisse is nursing. Zurich-based UBS, the sixth-largest prime broker according to data provider Preqin, also catered to…
More losses from the downfall of Bill Hwang’s Archegos Capital Management have been unveiled, this time from Japan’s largest bank. Mitsubishi UFJ Group’s (MUFG) securities arm faces losses of up to $300 million related to an unnamed U.S. client, according to…
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