[FRANKFURT] An asset quality review and a stress test on subsidiaries of UBS and Bank of America revealed no capital shortfall, the European Central Bank said on Friday, clearing a hurdle for the banks to relocate activities to Europe from Britain. Read more at The Business Times.
An asset quality review and a stress test on subsidiaries of UBS and Bank of America revealed no capital shortfall, the European Central Bank said on Friday, clearing a hurdle for the banks to relocate activities to Europe from Britain.[FRANKFURT] An asset quality review and a stress test on subsidiaries of UBS and Bank of America revealed no capital shortfall, the European Central Bank said on Friday, clearing a hurdle for the banks to relocate activities to Europe from Britain.
UBS Europe SE and Bank of America Merrill Lynch International Designated Activity Company were required to undergo the assessment following the relocation of business activities after Britain's exit from the European Union.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong central bank sells HK$8.758b after currency rises to trading limit[HONG KONG] The Hong Kong Monetary Authority (HKMA) sold HK$8.758 billion ($1.13 billion) worth of Hong Kong dollars on Friday after the currency hit the strong end of its trading band against the US dollar. Read more at The Business Times.
Read more »
Protests in occupied West Bank against Israeli annexation planTULKAREM, PALESTINIAN TERRITORIES (AFP) - Palestinians in the West Bank on Friday (June 5) rallied to mark 53 years of Israeli occupation and protest against the Jewish state's plans to annex part of the territory.. Read more at straitstimes.com.
Read more »
Unfazed by pandemic, Bank of Japan to keep economic recovery view: SourcesThe Bank of Japan is likely to maintain its projection that the economy will gradually recover in the latter half of this year, four sources ...
Read more »
Reliance says Silver Lake, co-investors to invest US$601 million more in digital unitReliance Industries late on Friday said U.S. private equity fund Silver Lake and its co-investors will put in an additional 45.46 billion rupees ...
Read more »
Memorial cleared to be first PGA Tour with fans amid COVID-19REUTERS: Next month's Memorial Tournament in Dublin, Ohio will be the first on the PGA Tour's revamped schedule to allow spectators amid the ...
Read more »