Brokerage BGC Group said on Thursday its exchange platform FMX Futures was valued at $667 million after securing investment from a consortium including Bank of America and Citigroup .
Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions.
Insurance broker WTW’s first-quarter profit beat expectations, it reported on Thursday, helped by a rebound in demand that underpinned strong growth across divisions.
Poland’s Alior Bank reported on Thursday a 58% yearly rise in net profit to 578.1 million zlotys ($142.9 million) on interest revenues from hedging instruments, growth of credit portfolio and securities.
Regulators must equip themselves with tools such as “bail-in” bonds to deal quickly with a failed clearing house for stocks, bonds or derivatives without having to call on taxpayers for cash, the G20’s risk watchdog said on Thursday.
India’s central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.
Russia’s second-largest bank VTB reported a 17% drop in first-quarter net profit to 122.4 billion roubles ($1.33 billion), CFO Dmitry Pyanov said, but expects to make record profits in 2024 as net fee and commission income continues growing.
London Stock Exchange Group reported in-line first quarter earnings and continued progress with its Microsoft tie-up on Thursday, as shareholders approved more buybacks and a potential doubling of CEO David Schwimmer’s pay.
Daiwa Securities Group , Japan’s second largest brokerage and investment bank, reported on Thursday a 131% year-on-year jump in quarterly net profit, helped by a record strong results in its asset management, wholesale and retail divisions.
