India’s banks have stopped silver imports after private traders bought large volumes of the precious metal from the United Arab Emirates to benefit from a lower duty, a total of five dealers and industry officials said.
Britain proposed a draft law on Thursday that will compel banks to give customers three months’ notice and an explanation before closing their accounts, after former Brexit Party leader Nigel Farage said last year he was ‘debanked’ on political grounds.
Africa’s biggest lender by assets Standard Bank said on Thursday its annual profit jumped by 27% as high interest rates helped offset rising bad loans.
Europe’s private credit funds are increasingly borrowing from banks to boost their performance, fuelling concerns about the wider risks posed by this interconnectedness.
Pension scheme trustees for Debenhams and Clara-Pensions said on Thursday they had agreed to a 600 million pound ($768 million) transfer of the former British retailer’s pension assets in a so-called superfund deal.
AIA Group reported a 33% jump in its annual value of new business (VONB) on Thursday as the company benefited from strong demand for its insurance products in Hong Kong.
JPMorgan Chase & Co said on Wednesday its asset management division had hired Jon Maier, the former chief investment officer of Global X, to head a new global research effort focusing on exchange-traded funds (ETFs).
Goldman Sachs Asset Management will resume “actively investing” in U.S. commercial property this year because the market is bottoming out, its real estate head said, while other investors said the market downturn still had further to run.
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.
