India’s Bajaj Housing Finance approved to file for an initial public offering (IPO) with a fresh issue of shares worth 40 billion rupees ($479.2 million) on Thursday.
Advisers and investors congregated at the annual SuperReturn conference in Berlin this week as a still struggling private equity market cast a shadow over the meeting for a second year, although there were flashes of optimism among the attendees.
India’s ICICI Bank is facing pushback against delisting its unit ICICI Securities, with some shareholders trying to block the move and the market regulator hauling the bank up over its processes to win shareholder approval.
Shares in Swiss bank EFG International rose by as much as 10% on Thursday fuelled by a media report that the bank could soon be subject to a takeover bid by Swiss rival Julius Baer.
The Indian banking sector is a preferred bet on the back of an upcoming favourable interest rate cycle and bottoming of net interest margins (NIMs), a top executive at Avendus Capital said on Thursday.
Nigeria’s Fidelity Bank said on Thursday it would raise up to 127.1 billion naira ($88 million) via a rights issue and a public share offering to comply with a new minimum capital requirement for local lenders introduced by the central bank in March.
SoftBank-backed Brazilian online lender Inter & Co is hoping to replicate its home market success in the United States, where it is targeting visitors from Latin America’s largest country in two of Florida’s biggest cities, the firm’s chief executive said.
The European Central Bank said on Wednesday it had picked three new supervisors, including Ireland’s deputy central bank Governor Sharon Donnery, to help oversee the euro zone’s largest banks.
Banks which for years have talked about creating ‘tokenised’ versions of assets like bonds and currencies say a shift to blockchain-based trading is taking longer than expected, with some investors cautious about the idea.
U.S. Treasury Secretary Janet Yellen will warn that the use of artificial intelligence in finance could lower transaction costs, but carries “significant risks,” according to excerpts from a speech to be delivered on Thursday.
