The global communications director of the China-led Asian Infrastructure Investment Bank (AIIB) said on Wednesday he had resigned and criticised the bank as “dominated by the Communist Party”, allegations which the AIIB said were “baseless”.
Most G20 member nations are of the view that banking systems and regulations in their countries are steady, India’s chief economic advisor said on Wednesday.
ONE, a fintech company backed by Walmart Inc , is offering 5% interest on savings accounts of up to $100,000 as of Wednesday, a source close to the company said, as the battle for consumer deposits intensifies.
Russian state-owned lender VTB will see profit of “not less” than 400 billion roubles ($4.9 billion) in 2023 after a bumper first five months of the year and a record loss last year, CEO Andrei Kostin told Reuters in an interview.
State-owned Monte dei Paschi di Siena does not need a rescue buyer, but a tie-up could help other mid-sized Italian banks to grow instead to serve Italy’s interests, its CEO said on Monday.
Deutsche Bank has added three senior dealmakers to its team of bankers advising other financial institutions, such as insurance companies and lenders, according to a memo seen by Reuters on Wednesday and confirmed by a company spokesperson.
UBS Group Wealth management president Iqbal Khan announced in a memo on Monday morning the new leadership of the unit after the closure of the acquisition of Credit Suisse Group AG .
Qatar’s sovereign wealth fund is in talks with Egypt about potentially investing in seven historic hotels there, in what could be a landmark deal between the two countries that restored diplomatic ties in 2021 after a long-running dispute.
Australia’s central bank will pay out just over A$1 million in back pay after an internal review found on Wednesday the bank had systematically underpaid more than a thousand current and former employees.
Russia’s dominant lender on Wednesday said individuals could now open accounts in Indian rupees, expanding the range of foreign currencies available as Moscow strives to reduce dependency on the U.S. dollar and euro.
