Bank of Nova Scotia closes down on Tuesday 1.53% from its previous close. Source: The Globe and Mail.
BNP Paribas announces buy back of its shares. “In accordance with Article 5 of Regulation (EU) No 596/2014 on Market Abuse and Article 3 (3) of Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 through regulatory technical standards concerning the conditions applicable to buyback programs and stabilization measures, BNP Paribas informs the market of the following transactions in own shares.” Source: Yahoo!Finance.
Citigroup Inc. C has completed the sale and migration of its Taiwan consumer business to DBS, which was announced in January 2022. The sale included the transfer of retail banking, credit card, mortgage and unsecured lending businesses. The transaction involved the transfer of approximately 3,000 employees. However, Citigroup retained its institutional client businesses in Taiwan.
As a result of this sale, C is expected to attain a regulatory capital benefit of approximately $1.2 billion. Source: Yahoo!Finance.
HSBC fined $15 million for WhatsApp use. “At HSBC Securities, employees and executives sent and received hundreds of messages between January 2018 and September 2021, according to the order.
One managing director, the agency said, exchanged hundreds of off-channel business-related messages with colleagues, investment banking clients and personnel at other financial services firms.” Source: Inferse.
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