India’s Financial Intelligence Unit (FIU) on Friday imposed a penalty of 54.9 million rupees ($662,565) on Paytm’s banking arm, Paytm Payments Bank, for alleged money laundering, the country’s finance ministry said in a statement.
U.S. investors were big buyers of money market funds in the seven days leading to Feb. 28, ahead of a key reading on inflation amid lingering uncertainties about interest rate cuts.
U.S. private equity firm Thoma Bravo has increased its offer price for Everbridge by $6.40 per share in cash, the companies said on Friday, valuing the software firm at about $1.8 billion.
Thomas Jordan, who is stepping down as chairman of the Swiss National Bank, has been no stranger to crises during his 12-year stint running the institution.
Swiss National Bank Chairman Thomas Jordan will step down at the end of September, the central bank said on Friday, leaving three years early after over a decade at the helm marked by crises including Credit Suisse’s collapse and a supercharged franc.
JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for the U.S. bank said.
Shares in UBS suddenly turned lower on Thursday with traders citing a Reuters report saying Switzerland’s competition commission favoured a deeper investigation into the bank’s dominance of certain parts of the market.
Switzerland’s competition commission favours a deeper investigation into UBS’ dominance of certain parts of the market after it rescued Credit Suisse last year, a source with knowledge of the matter said.
Barclays’ former CEO John Varley should be forced to give evidence at the British bank’s appeal against a 50 million pound ($63 million) fine over undisclosed fees to Qatari entities, lawyers for Britain’s financial watchdog said on Thursday.
Canada’s TD Bank and Canadian Imperial Bank of Commerce on Thursday beat analysts’ estimates for quarterly profit, driven by strong loan volumes and growth in deposits at home.
