Kuwait Investment Office (KIO), the London branch of Kuwait’s sovereign wealth fund, has hired Abdulmohsin Al Mukhaizeem, investment chief at Kuwait’s Wafra International Investment, as its new CEO, according to sovereign wealth fund tracker Global SWF.
Banco BPM said on Thursday it would scrap for nine months fees on payments of up to 10 euros made using the PagoBANCOMAT cash card system, which the lender’s payments partner FSI just invested in.
Shares in Dutch payments processor Adyen NV fell by more than a quarter on Thursday after its first-half earnings missed analysts’ estimates, with hiring costs hitting its margins.
UBS has appointed or confirmed 21 country heads across the Europe, Middle East, and Africa (EMEA) region, according to an internal memo seen by Reuters on Thursday.
Colombian financial conglomerate Grupo Aval reported a 75.4% year-over-year fall in net profit in the second quarter, according to a securities filing on Wednesday, despite a strong boost in interest income.
ANZ Group Holdings said on Thursday late mortgage repayments edged up in the June quarter but were still below historical levels, and the Australian lender logged higher customer deposits.
Shares of H&R Block Inc rose nearly 12% to a six-month high on Wednesday after the U.S. tax preparation firm reported better-than-expected fourth-quarter results owing to lower operating expenses.
Indian banks’ operating environment has strengthened as economic risks associated with the COVID-19 pandemic have ebbed and as lenders have built appropriate buffers against potential stress, Fitch Ratings said on Wednesday.
Brazil’s Nubank on Tuesday reported record revenue for the second quarter as the Warren Buffett-backed digital banking firm logged a surge in new customers.
Norway’s $1.4 trillion wealth fund, the world’s single largest stock market investor, is urging firms it invests in to engage with artificial intelligence as a way to drive profits, but to do so responsibly, top officials told Reuters.
