A Nigerian court on Friday adjourned a tax evasion trial against cryptocurrency exchange Binance and two of its executives to May 17 after the matter was stalled because the exchange has not been formally served with the charges.
U.S. mid-sized banks’ profits would remain under pressure for most of 2024, Wall Street analysts said, as higher deposit costs and muted loan growth drag their earnings.
Regions Financial reported a near 42% fall in its quarterly profit on Friday as higher deposit and funding costs hurt its interest income from customers, joining a list of U.S. banks facing the same issue.
American Express’s first-quarter profit vaulted past Wall Street estimates on Friday, driven by an affluent customer base that increased spending as recession fears ebbed.
BPER Banca said its newly elected board would meet later on Friday to appoint a new chief executive, as former UniCredit manager Gianni Franco Papa prepares to take the reins at Italy’s fourth-largest bank.
China’s Ant Group is in talks with Indonesia to bring its popular cross-border payment service Alipay+ there, the chief of its international business was quoted by media as saying on Friday after meeting with the country’s communications minister.
Russian banks’ profits fell marginally in March to 270 billion roubles ($2.89 billion), slightly lower than the month before, the central bank said on Friday.
The Federal Court of Australia has fined Macquarie Bank A$10 million ($6.4 million) for its lack of controls to detect and prevent unauthorised fee transactions carried out by third parties on customer accounts, the securities regulator said on Friday.
Vietnam’s central bank said on Friday it had continued providing support to Saigon Joint Stock Commercial Bank (SCB), which it put under special supervision in October 2022 after a run on its deposits.
