India’s MakeMyTrip and insurance seller PolicyBazaar have told the central bank its crackdown on digital payments firm Paytm will hurt investment in the fast-growing financial-technology sector, a letter seen by Reuters showed.
Blackstone , the world’s largest private equity firm, is partnering with BNP Paribas over a new fund financed by French individuals and aimed at investing in companies in private debt, the groups said in a joint statement on Tuesday.
NatWest will need to reassure investors it has found a permanent successor to former CEO Alison Rose before a heavily-anticipated sale of government shares in the lender to the general public this year, British lawmakers heard on Tuesday.
UBS said on Tuesday it would restart share buybacks and find $3 billion more in cost savings from integrating Credit Suisse, as the bank signalled a tougher next phase for absorbing its rival after underwhelming fourth-quarter results.
Spanish bank Unicaja reported on Tuesday a bigger than expected fourth-quarter loss on higher provisions following the sale of non-performing assets, but cheered investors by cleaning up its books and announcing a share buyback.
UBS said on Tuesday it would resume share buybacks and raised its cost-saving targets as it announced it had completed the first phase of integrating its fallen rival Credit Suisse.
British bank Virgin Money UK has seen a pick up in mortgage activity as rates start to fall, but retained a cautious tone on Tuesday, sticking with its full-year profit margin guidance.
Singaporean banks are set to post higher profits for the fourth quarter because of higher interest rates, though growth momentum is poised to slow as big central banks pivot toward rate cuts and volatile markets weigh on their mainstay wealth business.
Paytm’s chief executive met the Indian finance minister on Tuesday, according to two sources who were aware of the development, days after the banking regulator ordered its payment bank to halt business, leading to a share price rout.
Japan’s Sumitomo Mitsui Banking Corp (SMBC) said on Tuesday it has hired former Credit Suisse China boss Carsten Stoehr as its deputy head for the Asia Pacific region.
