Poland’s justice ministry is working on streamlining procedures to unblock courts handling tens of thousands of Swiss franc mortgage loan cases and is trying to work out a standardised out-of-court settlement format, it said on Tuesday.
Kuwait Finance House (KFH) , the Gulf country’s largest lender, is looking at opportunities to expand in Saudi Arabia, it said in a bourse filing on Tuesday, following a report that it was considering taking a stake in peer Saudi Investment Bank.
The surge in investment in private debt is “more money for old rope”, BNP Paribas Wealth Management global chief investment officer Edmund Shing said on Tuesday.
India’s markets regulator is likely to tighten rules for stocks to be eligible for derivatives trading and ask brokers and mutual funds to stop enlisting unregistered financial influencers for their marketing campaigns, two sources with direct knowledge of the matter said.
Manulife Financial said on Monday it expects to generate more than C$22 billion ($16.11 billion) of cash by 2027, as the Canadian insurer laid out a plan ahead of its investor day in Asia for cash generation in a higher interest-rate environment.
The problems with Citigroup’s so-called living will, which details how it would be unwound in the event of bankruptcy, are manageable but could be bothersome for its executives, according to J.P.Morgan.
As Credit Suisse fades into history following its takeover by UBS last year, global banks are expanding in Switzerland to take advantage of companies’ desire to spread their business.
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said.
A Moscow court has sided with dominant Russian lender Sberbank in the bank’s efforts to recover loans totalling around $138.6 million from its former British subsidiary, court filings showed on Monday.
