Bank of England delays Basel bank capital rules until after summer

The Bank of England will not publish rules for implementing tougher global bank capital requirements until after the summer, it said on Tuesday, raising questions about whether a July 2025 start date remains feasible.

The former chief executive of defunct serviced office operator MWB Group has lost an appeal against a ruling by the London market regulator that he should compensate shareholders for his role in a complex case of deception.

Austria’s Raiffeisen Bank International is most likely to sell 60% of its Russia business while retaining 40%, the CEO of the bank said on Tuesday.

Financial information company S&P Global raised its full-year profit forecast on Tuesday and reported second-quarter adjusted earnings that rose 30% on the back of strong demand for its data and analytics products.

Warren Buffett’s Berkshire Hathaway sold more Bank of America shares, boosting sales to more than $3 billion this month, taking profits after a big run-up in the second-largest U.S. bank’s stock price.

Italy’s FinecoBank posted a 7.2% increase in second-quarter net profit to 173.3 million euros ($188 million) on Tuesday.

Italy’s biggest bank Intesa Sanpaolo on Tuesday raised its profit outlook, after posting stronger than expected quarterly earnings and signalling additional investor rewards ahead.

Non-performing loans are no longer “a significant problem” for Italian banks, but large outstanding amounts in the hands of investors will require careful management, PwC said in a report on Tuesday.

A group of bondholders in Europe’s largest debt collector Intrum is seeking to challenge a restructuring of the Swedish company’s own 5.4 billion euro ($5.84 billion) borrowings, the Financial Times reported on Tuesday, citing unnamed sources.

Nomura Holdings , Japan’s largest brokerage and investment bank, reported a 195% jump in first-quarter profit on Tuesday as the rally in global markets and return of domestic inflation bolstered demand for its wealth management services.

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