U.S. insurance and home inspection software provider Porch Group is suing China Construction Bank Corp (CCB) , the country’s third-biggest lender by assets, for allegedly enabling a “massive fraud” that caused “monumental losses” for Porch.
India’s Punjab National Bank aims to close a planned share sale to large investors over the next 6 months, its chief executive said on Friday, as the state-run lender looks to shore up capital.
Japanese technology investor SoftBank Group is expected to slip back into the red when it reports earnings on Monday despite technology stocks including Arm Holdings , , its core asset, performing well over the quarter.
Canada’s No. 2 life insurer Sun Life Financial on Thursday missed core profit estimates for the first time in 12 quarters, hurt by weakness in the U.S., a region where it has been expanding.
Shares of Canadian insurer Manulife Financial Corp rose to a high not seen in more than 15 years on Thursday, after its first-quarter earnings beat analysts’ estimates driven by strong growth in Asia, one of its most important markets.
Robinhood Markets’ suite of new products, including its credit card and futures trading platform, will be crucial to drive growth as market fluctuations and regulatory risks cloud the near-term outlook for its legacy business, analysts said.
India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration.
Hedge fund AREX Capital Management is seeking seven board seats at Enhabit , arguing that new directors are needed to help reverse poor financial performance at the U.S. home health and hospice provider, people familiar with the matter said on Thursday.
Activist hedge fund Ancora Holdings has secured enough support from Norfolk Southern shareholders to win some seats on the U.S. railway operator’s board of directors, people familiar with the matter said on Thursday.
State Bank of India on Thursday reported record fourth-quarter profit that beat estimates on strong loan demand, and forecast credit growth for the current fiscal year to keep the same pace as in the last 12 months.
