A British hedge fund trader charged with defrauding Danish tax authorities plans to confess to the crime when his court case comes up later this month, his lawyer said on Wednesday.
Global Payments forecast full-year revenue on Wednesday that was largely below analysts’ estimates as the payments technology firm gears up for a drop in consumer spending, sending the company’s shares down about 3% before the bell.
The International Monetary Fund (IMF) on Wednesday encouraged Zimbabwe to speed up currency reforms at the end of a staff visit, saying authorities should move towards a market-driven exchange rate and remove distortions currently in place.
Canadian lender Bank of Nova Scotia said on Wednesday its chief of global banking and markets, Jake Lawrence, is leaving to take on a role at financial services firm Power Corporation of Canada .
Spanish insurer Mapfre fell short of analyst estimates with a 20% jump in net profit last year after car and weather-related claims cost more than expected, sending its shares down more than 5%.
Visa said on Wednesday that the Reserve Bank of India, which is also the country’s financial market regulator, had directed it last week to halt all domestic transactions for business payment solution providers (BPSPs).
Banks globally will likely rack up further losses on office property loans as a bruising crash in valuations leads to more defaults, credit rating agency Morningstar DBRS said on Wednesday.
Muthoot Finance , India’s largest gold-loan provider, reported a bigger-than-expected increase in third-quarter profit on Wednesday, as strong loan growth more than offset the higher finance costs.
Wall Street banks are raising billions of dollars to regain ground in lending to companies in debt-backed deals after giant private equity and asset management firms muscled in on the business over the last two years.
Robinhood shares surged to their highest in nearly two years on Wednesday, after the brokerage said it was aiming to expand margins while being focused on driving ‘profitable growth’ this year having reported a surprise quarterly profit.
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