Coutts finance director Andrew Kyle has left the private bank owned by Britain’s NatWest, a company filing showed, in a resignation a spokesperson said was not linked to a recent row over the bank’s handling of high-profile customer Nigel Farage.
Israel Discount Bank on Monday reported a 75% gain in second-quarter profit and said it would pay larger dividends, as higher interest rates continue to boost income.
Two of Israel’s largest banks reported on Monday sharp gains in second-quarter profit, boosted by rising interest rates that pushed up financing income and more than offset a spike in provisions against loan defaults.
South African lender Absa Group on Monday posted a marginal rise in interim profit as it benefited from higher interest rates, which was partly offset by higher impairments.
The total insured loss from the ongoing wildfires on Maui island is expected to be the second largest in Hawaii’s history, according to catastrophe modeling firm Karen Clark & Company (KCC).
The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market and a hawk more focused on the threat of inflation.
The U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve Cathie Wood-led Ark Investment Management’s (ARK) spot bitcoin exchange-traded fund (ETF), a filing by the regulator showed on Friday.
Britain’s Co-operative Bank said on Friday it has agreed to buy Sainsbury’s Bank’s mortgage portfolio, which comprises about 3,500 customers and balances of about 479 million pounds ($608 million).
Singapore’s biggest bank DBS Group will commit up to S$1 billion ($741.29 million) over the next 10 years to help improve the livelihoods of the low-income and underprivileged, its top executive said on Friday.
