India’s central bank has asked South Indian Bank and Federal Bank to stop adding new customers to their co-branded credit cards, the lenders said in separate stock exchange filings on Wednesday.
Turkey’s central bank directed lenders to put portions of their lira required reserves into blocked accounts, according to a document sent on Wednesday, in the latest move expected to tighten liquidity and push up deposit rates.
Pension insurance specialist Rothesay has agreed to buy the about 6 billion pound ($7.67 billion) Scottish Widows in force bulk annuity portfolio from Lloyds Banking Group , the companies said on Wednesday.
IIFL Finance said on Wednesday it would raise funds of up to 20 billion rupees ($241.5 million) as the non-bank lender looks to shore up capital after India’s central bank barred it from offering gold loans.
South Africa’s central bank governor said on Wednesday that he was confident the country would be removed from an international financial crime watchdog’s “grey list” next year, given the work that is under way to fix identified issues.
A proposal by global regulators to change how the largest banks report key risk metrics at the end of the year could deal a blow to their U.S. short-term funding businesses, the latest salvo in a battle over tighter capital rules.
TD Bank Chief Executive Officer Bharat Masrani saw his compensation drop by about 11% to C$13.4 million ($9.93 million) in 2023, a year marred by the bank’s termination of its First Horizon acquisition and U.S. regulatory issues.
It would be a bad idea for Britain to try to reduce pressure on the public finances by cutting the amount of interest the Bank of England pays on reserves held there by commercial banks, a junior Treasury minister said on Tuesday.
Goldman Sachs Asset Management, a unit of Goldman Sachs Group , aims to expand its private credit portfolio to $300 billion in five years from the current $130 billion, a senior executive said, laying out an aggressive expansion plan.
UniCredit faces court hearings in Britain and Russia in the second quarter after a Russian energy company sued the Italian bank for failing to honour guarantee payments because of international sanctions, UniCredit said on Tuesday.
