Citigroup has resumed the process of selling the retail business of Bank Handlowy in Poland, Bank Handlowy CEO Elzbieta Czetwertynska said on Friday, adding that talks with interested investors may begin in the next few months.
Loans by Italian banks to businesses fell further in September, posting a new record drop, Bank of Italy data showed on Friday, following the European Central Bank’s unprecedented path of monetary tightening.
Singapore’s CapitaLand India Trust (CLINT) on Friday said it has secured a five-year construction loan of 13 billion rupees ($155.9 million) to finance the development of its data center in the Indian city of Navi Mumbai.
China Investment Corp (CIC) has hired a new North America head for its New York office, two people familiar with the matter said, filling a months-long vacancy and showing the sovereign wealth fund wants to maintain the outpost despite flaring U.S.-Sino tensions.
Allianz on Friday posted a 30% fall in third-quarter net profit, dragged down by claims from natural catastrophes, but kept its full-year profit outlook.
Indonesia will in stages lower the maximum interest rates charged by financial technology (fintech) firms in the microfinance sector, amid complaints that overly high rates have been hurting borrowers, the country’s financial regulator said on Friday.
Asset management giant BlackRock registered to create an ethereum trust, a potential first step toward asking regulators to approve an exchange-traded fund tied to ether, the second-largest digital token.
Asset manager Janus Henderson on Thursday announced the launch of a new exchange-traded fund aimed at structured finance securities, in response to investor demand for yield in products that had minimal interest rate risk in a high-rate environment.
Shares of Affirm Holdings surged by nearly 25% on Thursday as strong demand for the buy-now-pay-later (BNPL) lender’s services and higher interest rates underpinned quarterly results that beat analysts’ estimates.
Regulators should keep on open mind when writing rules for the world’s $239 trillion “non-bank” financial sector to avoid one-size fits all approaches, the EU’s top securities watchdog said.
