State Bank of India , the country’s top lender, expects minimal impact on its capital ratios from the central bank’s tighter rules for personal loans, its chairman told Reuters in a phone interview.
EU regulators will challenge banks over their failure to properly apply an accounting rule aimed at making sure their provisioning for souring loans is timely and sufficient, the bloc’s banking watchdog said on Friday.
Italy’s top insurer Generali stuck to 2024 targets on Thursday after posting a 29.6% rise in nine-month adjusted net profit despite rising claims from natural disasters which it said would also weigh on this quarter.
Tighter rules for personal loans and credit cards in India are expected to raise costs for consumers and curtail the growth and profits of banks, which have ridden rising demand among small borrowers, bankers and analysts said on Friday.
U.S. bank CEOs warned a slowing economy and rising geopolitical tension could weigh on earnings, but said the industry had regained its footing after the biggest bank failures since the 2008 financial crisis.
Asset management giant BlackRock on Thursday officially filed for a spot ethereum exchange-traded fund (ETF), doubling down on its cryptocurrency bets amid investor optimism about the approval of such investment vehicles.
The U.S. Federal Deposit Insurance Corporation on Thursday abruptly canceled a planned public meeting at which board members were due to consider approving the collection of bank fees to recover losses from March’s failures of Silicon Valley Bank and Signature Bank.
U.S. regulators are pushing Wells Fargo to improve its monitoring system to detect criminal activity at the bank, the Wall Street Journal reported on Thursday, citing people with knowledge of the matter.
CAB Payments , whose stock plunged more than 70% last month after a profit warning, has pledged to some investors it will hit a revised 2023 revenue target and publish a trading update in January, as the cross-border payments processor fights to win back market trust.
