Two Bangladeshi banks including the largest state-owned lender plan to introduce trade transactions in Indian rupees, officials said, as the South Asian nation looks to build up its shrinking foreign exchange reserves.
German authorities are investigating DWS’s former CEO Asoka Woehrmann on greenwashing claims, business daily Handelsblatt reported on Friday citing unnamed sources.
The world’s largest pension fund, Japan’s Government Investment Pension Fund (GPIF), said on Friday it made an investment gain of 10.3 trillion yen ($72.02 billion) in January-March, ending a four-quarter losing streak.
The Reserve Bank of India (RBI) is working on regulations that will be more “developmental” for financial technology, or fintech, companies, a deputy governor of the central bank said on Friday.
Goldman Sachs’ downgrade of some major Chinese lenders to “Sell” ratings is based on “pessimistic assumptions,” state-backed Securities Times said in an editorial on Friday, as worries over the banking sector deepen amid a rocky economy.
National Australia Bank (NAB) on Friday said it would refresh its approach to like-for-like refinancing criteria to help customers who would otherwise fail to meet an industry standard that assesses their ability to repay loans.
Chinese banks are facing increasing risks from rising non-performing loans (NPLs) and diminishing returns, making them a lightning rod for investors’ worries about the world’s second-largest economy.
Wall Street’s top regulator is due to vote next week on proposed changes aimed at helping control systemic risk in the money market fund and private asset management sectors, which together comprise trillions in investor dollars.
UBS’s flagship global wealth management business on Thursday announced a raft of management changes triggered by the Swiss bank’s takeover of Credit Suisse.
