Intesa Sanpaolo has introduced an artificial intelligence tool it has designed to wade through thousands of publications on banking supervision, Italy’s biggest bank said on Tuesday.
Indonesia’s biggest Islamic lender Bank Syariah Indonesia (BSI) on Tuesday said it was working with regulators to bulletproof its cybersecurity after media reports that account details of 15 million customers were published online.
Investors lifted equity allocations to a 5-month high but cash levels also increased to 5.6%, even as they remained worried about a possible credit crunch and inflation staying elevated, a Bank of America survey showed on Tuesday.
Australia’s big banks are pivoting to what analysts say could be a risky fight for growth in the country’s unloved business loans market as a price war ends a decade-long profit bonanza in the mortgage sector.
Kenya’s Equity Group Holdings said on Tuesday its first-quarter 2023 pretax profit jumped 10% to 16.9 billion Kenyan shillings ($124 million), as its loan book rose.
Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, or about 40 jobs, according to a source with direct knowledge of the matter.
Net profit at Grupo SURA , Colombia’s largest investment company, almost doubled in the first quarter compared to the year-ago period, the company said in a filing on Monday, pointing in part to favorable exchange rate fluctuations.
Credit Suisse’s Australian metals and mining team will join boutique local advisory firm Gresham, according to a source familiar with the matter, as the collapsed Swiss bank’s takeover by rival UBS gathers pace.
Brazilian state-controlled lender Banco do Brasil SA on Monday reported a 29% leap in first-quarter net profit compared with a year ago, boosted by double-digit growth in the value of its loan book.
Brazil’s Nubank on Monday reported record revenue for the first-quarter as the digital bank benefited from steady growth in users and higher average revenue per customer.
