Fitch Ratings has affirmed the The Bank of New York Mellon Corporation s Long-Term and Short-Term Issuer Default Ratings at AA- and F1+ , respectively.
In addition, Fitch has affirmed the IDRs.
East West Bancorp, Inc. , parent company of East West Bank, reported its financial results for the full year and fourth quarter of 2023. Full year 2023 net income was $1.2 billion, or $8.18 per.
East West Bancorp, Inc. , parent company of East West Bank, reported its financial results for the third quarter of 2023. Third quarter 2023 net income was $288 million, or $2.02 per diluted share..
Italy risks collecting minimal proceeds from a windfall tax on banks after it gave lenders the option to set aside money instead of paying the levy, three sources close to the matter said. With no provisions in the law over capital levels and distribution policies, it would be hard for banks to justify that shareholders pay the tax when they could, instead, boost capital and keep the cash on their balance sheet, two of the sources said. Economy Minister Giancarlo Giorgetti said on Sept. 27 the final outcome of the process would be "a great bank policy measure" that makes Italy's banks the strongest in Europe.