Spain’s Santander announced a new share buyback programme of 1.46 billion euros ($1.57 billion) on Monday and said it would raise its 2023 dividend per share by some 50%.
An investigation into possible foreign exchange violations at Patym Payments bank by India’s financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday.
Westpac Banking Corp said it sees scope for monetary policy in Australia to become less restrictive within the next year, while reporting a drop in its first-quarter unaudited net profit versus the prior six-months’ quarterly average.
Canada’s largest insurer Manulife Financial Corp on Thursday pushed back its goal for its Asia unit to account for half of its core earnings by two years to 2027, citing the pandemic and a change in accounting method.
Star Macquarie banker Nicholas O’Kane, whose resignation from the firm was announced this week less than a year after he received one of the largest pay cheques in banking, has been in talks to join Swiss commodities trading house Mercuria, four people with knowledge of the matter said on Friday.
Global equity funds racked up significant inflows in the week to Feb. 14 propelled by investor optimism amid a robust stock market rally, despite lingering uncertainties over the Federal Reserve’s rate cut plans.
Severe droughts and heatwaves in Spain could have a persisting impact on the domestic lenders’ solvency by slowing down the economy and leading to more loan losses, the Bank of Spain Governor Pablo Hernandez de Cos said on Friday.
Standard Chartered has appointed former Walt Disney Company executive Diane Jurgens to its board as an independent non-executive director, the British-based bank said on Friday.
HSBC plans to tighten risk management at Hong Kong unit Hang Seng Bank due to worries about a potential rise in bad loans amid growing economic headwinds and property sector crisis in China, said two people with knowledge of the matter.
