HSBC aims to further expand personal banking in India to serve the country’s fast-growing pool of high-earning professionals, after the launch there in July of its private bank, its India CEO said on Thursday.
Deutsche Bank is investing more in Asia Pacific markets to woo clients seeking European lenders amid Sino-U.S. tensions and to profit from the region’s higher economic growth compared to other major markets, its chief said.
Italy’s Nexi on Thursday confirmed its 2023 guidance after meeting forecasts with quarterly revenue and core profit though slower summer activity this year compared with 2022 curbed growth at its core shopowners’ payments business.
Qatar’s sovereign wealth fund Qatar Investment Authority is examining opportunities to invest in China’s retail, healthcare, tech and logistics sectors, said Abdulla Al-Kuwari, head of the fund’s unit Qatar Investment Authority Advisory (Asia Pacific).
Commonwealth Bank of Australia , the country’s largest lender, on Thursday joined the other three big banks in raising its standard variable home loan rate by 25 basis points after the central bank hiked its interest rate earlier this week.
Goldman Sachs expects dealmaking activity to stay subdued in the medium term as macroeconomic conditions weigh on private equity transactions, an executive said on Wednesday.
National Australia Bank, the country’s top business lender, said profit outside of home loans grew in the September half even as inflation squeezes margins and credit quality, sharpening its focus on non-mortgages business for growth.
Top U.S. banking executives on Wednesday allayed fears of a recession, with Bank of America CEO Brian Moynihan reiterating his expectation of a soft landing for the economy.
Canada’s largest insurer Manulife Financial Corp on Wednesday reported better-than-expected earnings for the third-quarter, boosted by insurance sales in Asia and higher returns on investment amid rising interest rates.
