Spain’s Caixabank is not interested in maintaining its large indirect stake in Angolan lender BFA and would inform local authorities ahead of any divestment decision, the chief executive of the Spanish lender said on Friday.
Swiss insurer Zurich alleges it has been the victim of fraud in a London counter-claim over the demise of the Greensill business empire, drawing financier Lex Greensill and metals magnate Sanjeev Gupta into a $405 million court battle.
Paytm Payments Bank’s digital wallet business may not be able to operate after Feb. 29 unless India’s central bank approves a transfer of its licence to parent group One 97 Communications , two sources directly familiar with the matter said.
Mizuho Financial Group Inc , Japan’s third-largest lender by assets, reported on Friday an 8.2% increase in quarterly net profit, helped by brisk loan demand from companies and subdued loan-loss provisions at home.
Spain’s Caixabank on Friday forecast lending income to stabilise this year on expectations of lower interest rates after margins slowed down in the fourth quarter against the previous quarter, sending its shares lower.
A sell-off in shares of U.S. regional banks continued on Thursday, adding to losses from a day earlier when a surprise loss and a 70% divided cut from New York Community Bancorp renewed fears about the health of the industry.