U.S. banking regulators have been asking regional lenders whether they faced any fallout from the problems at New York Community Bancorp , several sources said, in a sign that worries about the health of the sector persist.
Hedge funds favoured Asian emerging markets in the week to Feb. 15, piling into company stocks in China, Korea, Taiwan, and India, in moves that came just before China slashed its benchmark mortgage rate, Goldman Sachs research showed.
The Reserve Bank of India (RBI) net bought $2.07 billion in the spot foreign exchange market in December, data released on Tuesday as part of the central bank’s monthly bulletin showed.
Barclays laid out a three-year plan to revive its flagging share price on Tuesday, including axing 2 billion pounds of costs, returning 10 billion pounds ($12.6 billion) to shareholders and investing in its high-returning UK bank.
Russian bank VTB reported a record 2023 profit of 432.2 billion roubles ($4.68 billion) on Tuesday, rebounding from a revised, sanctions-induced loss of 667.5 billion roubles the year before.
Munich is starting to steal some of German financial hub Frankfurt’s limelight as foreign banks flock to the southern city, which on a clear day has views of the Bavarian Alps.
Russian President Vladimir Putin gave approval on Monday for HSBC to sell its Russian unit to privately-owned Expobank, paving the way for the British lender to extricate itself from the Russian market after months of negotiations.
Spain’s Santander announced a new share buyback programme of 1.46 billion euros ($1.57 billion) on Monday and said it would raise its 2023 dividend per share by some 50%.
An investigation into possible foreign exchange violations at Patym Payments bank by India’s financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday.
