Italian tycoon Francesco Gaetano Caltagirone, the third-largest investor in Generali , on Friday withheld his approval for the insurer’s 2022 accounts, two sources said, after attempting to bring about a management shake-up last year.
U.S. officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank’s advisers have yet to reach a deal, according to three sources familiar with the situation.
Five hedge funds interviewed by Reuters this week each gave details of a trading idea they think could result in a profit from the most significant turmoil to have roiled the banking sector since the 2008 financial crisis.
Indian private lender Axis Bank Ltd has adequate capital to absorb the loss it posted for the fourth quarter which was mainly due to an asset write-down related to a deal to buy some Citigroup assets, S&P Global Ratings said on Friday.
Spain’s Caixabank on Friday said that the implementation of new accounting standards on its insurance business had a 389 million euro ($428.13 million) negative impact on the group’s reported net interest income in 2022.
Investment bank Lazard Ltd on Friday reported a surprise loss in the first quarter as global dealmaking sank to its lowest level in more than a decade due to economic uncertainty, exacerbated by a banking crisis last month.
Shares of First Republic gained 11% in premarket trading on Friday after a report that U.S. officials are coordinating urgent talks to rescue the regional lender as private-sector efforts led by the bank’s advisers have yet to reach a deal.
U.S. regulators are set to release confidential details of their oversight of Silicon Valley Bank and Signature Bank in the run-up to the sudden collapses of the regional lenders last month, even as another large financial institution’s struggle for survival in the wake of those implosions plays out in real time.
Poland’s Bank Millennium on Friday reported first-quarter net profit ahead of analysts’ expectations, recovering from a loss last year though it said provisions for legal risk related to foreign currency mortgage loans remain high.
Swiss banking regulation and supervision must be reviewed following the collapse of Credit Suisse , Swiss National Bank Chairman Thomas Jordan said on Friday, although he warned against “quick fixes.”
