Goldman Sachs’ profit more than doubled in the second quarter and beat analysts’ estimates on strong debt underwriting and fixed-income trading, but slipped from a bumper first quarter when earnings were the highest since 2021.
India’s central bank on Monday asked lenders to give defaulting borrowers enough time to respond before they are classified as “fraud accounts,” following a judgment by the country’s top court.
India’s HDFC Life Insurance posted a 15% rise in first-quarter profit on healthy premium growth on Monday, helped by strong demand for its market-linked products in a booming stock market.
Assets managed by BlackRock hit a record $10.65 trillion in the second quarter thanks to rising client asset values and as investors pumped money into the company’s ETFs, the world’s largest asset manager said on Monday.
The Federal Reserve has proposed new rules that would allow it to gather granular details about banks’ exposure to shadow banks, a move that shows how regulators are trying to understand the risks there and the limits of that approach.
Goldman Sachs has appointed Sudarshan Ramakrishnan and Devarajan Nambakam as co-heads of investment banking in India, the latest Wall Street bank to bolster its leadership amid a rise in dealmaking opportunities in the country.
Goldman Sachs aims to raise $2 billion in its first Asia Pacific-focused private equity fund, two people with knowledge of the bank’s fundraising plan said, as it looks to deepen exposure to some of the world’s fastest-growing economies.
Deutsche Bank is expected to post a loss for the second quarter, according to a consensus forecast published on Monday, as a protracted investor lawsuit over its Postbank division threatens to erode earnings.
Four Australian banks will give back a total of A$28 million ($18.95 million) to low-income customers, after a review by the corporate regulator found these customers had been kept in high-fee bank accounts despite being eligible for cheaper products.
