The Inter-American Development Bank (IADB.UL) will offload the risk on some loans to expand its lending capacity this year rather than issuing hybrid bonds, its head of asset liability management, Yasser Rezvi, said in an interview.
India’s financial crime-fighting agency is investigating if platforms run by One 97 Communications , also known as Paytm, were involved in violations of foreign exchange rules, two senior government sources said.
Lloyds has reached an “agreement in principle” with a property entrepreneur over a 1.3 billion pound ($1.64 billion)lawsuit that turned on allegations the bank manipulated Libor interest rates and the failure of two real estate firms.
Santander and Lloyds shares fell after the Financial Times (FT) newspaper reported that Iran used accounts held at the banks in the UK to covertly move money around the world in a sanctions-evasion scheme backed by Iran’s intelligence services.
Societe Generale plans to cut about 900 jobs at its Paris headquarters through voluntary departures, France’s third-biggest listed bank said on Monday, adding to a wave of job losses in the global financial industry.
UniCredit stunned markets on Monday with a bumper 2023 profit which it said it would distribute entirely to shareholders, and pledged to broadly replicate it this year despite a toughening backdrop.
Saudi National Bank (SNB), the kingdom’s largest bank by assets, posted a 7.7% jump in full-year net profit on Monday, supported by higher operating income and lower impairment charges.
Shares in Nordea Bank fell more than 4% on Monday as disappointment over its fourth-quarter profit overshadowed its move to raise its return on equity goals to match regional rivals.
South Korea’s financial watchdog on Monday announced a crackdown on careless risk management by financial firms as part of a broader push to prevent the liquidity problems that have beset real estate projects from affecting financial markets.
India’s probe into digital payments firm Paytm has widened with the country’s federal anti-fraud agency investigating violations of foreign exchange laws, days after the central bank asked the platform’s banking unit to halt business.
