Former Barclays investor Edward Bramson on Friday questioned how the British bank and its chairman Nigel Higgins vetted its ex-CEO Jes Staley over his earlier business ties to sex trafficker Jeffrey Epstein.
Credit Suisse saw investors pull a record 4.6 billion euros ($5.04 billion) out of its funds at the height of the bank’s troubles last month, data published on Friday showed.
HSBC’s biggest shareholder Ping An said on Friday the bank had “merely repeated” past rebuttals of the Chinese insurer’s proposals that the lender spin off its Asia business, continuing a tit-for tat war of words between the pair.
Demand for the Chinese yuan is growing in Russia, the CEO of Sberbank said on Friday, adding that the lender has made use of central bank currency swaps providing yuan liquidity.
Several lawsuits have been filed over the terms of last month’s emergency deal to save Swiss lender Credit Suisse by selling it to its bigger rival UBS .
The Reserve Bank of India (RBI) has allowed HDFC Bank Ltd and Housing Development Finance Corp Ltd (HDFC) selective regulatory relief to smooth out the merger between the two organisations, set to conclude by July this year.
The biggest threat to the economic outlook is a credit squeeze that has not finished filtering through the financial system, a senior official at Fidelity International told a European equities conference on Wednesday.
Regions Financial Corp first-quarter profit rose less than expected as the bank set aside more capital to withstand potential loan losses, which countered the gains from higher interest rates.
South Africa’s Standard Bank Group said its first quarter attributable earnings rose by 37.8%, helped by higher interest rates and growth in transactional volumes.
Banco BPM expects to double last year’s net profit by 2025, its CEO was quoted as saying on Friday, as another newspaper reported that a top Italian businessman had built a 1% stake in Italy’s third-largest bank.
