India’s financial stability panel plans to roll out a uniform approach to verifying customers across the financial sector and prevent illegal lending based on online applications, it said on Wednesday.
Global private equity fund CVC said on Wednesday it had raised $6.8 billion for its sixth Asia fund, its largest to date, showcasing strong investor demand in a challenging fundraising environment.
HSBC Holdings on Wednesday reported a shock $3 billion charge on its stake in a Chinese bank amid mounting bad loans in the country, sending the British bank’s shares plunging and taking the shine off its record annual profit.
The UAE’s largest lender First Abu Dhabi Bank has given initial price guidance at 120 basis points over U.S. Treasuries for its 5-year benchmark-sized debt issuance, fixed income news service IFR reported on Wednesday.
Payment services used by Russians to transfer money overseas were knocked offline on Wednesday after the central bank revoked digital bank Qiwi’s licence, sending its Moscow-listed shares plummeting almost 50% to a record low.
Thoma Bravo is considering a sale of consulting firm J.D. Power and is working with a financial adviser to find a buyer, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
Mizuho Financial Group aims to stay in the top 10 of the global investment bank league table, its investment banking chief told Reuters, after it became the first Japanese bank to enter the table’s upper echelons in more than a decade.
National Australia Bank shares surged on Wednesday to their highest in about nine years after the bank’s first-quarter cash profit beat market estimates, and the lender said it remains optimistic about Australia’s economy.
