Bloomberg Royal Bank of Canada (RBC) shareholders will vote on whether the bank should tighten its standards for sustainable finance, action inspired by a 2021 pipeline financing deal that was criticised for green-washing and general concern over lax standards for so-called sustainability-linked debt. Investors for Paris Compliance, a shareholder advocacy group set up last year to hold Canadian companies ...

  Bloomberg Banca Monte dei Paschi di Siena SpA may seek a capital injection of about $4 billion, in a reassessment of the cost to stabilise the state-owned lender. The amount, which could be a billion euros more than estimated in December, is now seen by the treasury as necessary to comply with the bank-specific capital regulations set by the ...

  Bloomberg US authorities conducting a criminal probe into how Morgan Stanley executives handle block trades are examining recordings of phone calls between the bank and outside fund managers, according to people with knowledge of the inquiry. The recordings involve conversations between Pawan Passi, one of Morgan Stanley’s top equities executives in block trades, and investing clients, the people said, ...