Russian banks’ profits this year could exceed the record levels achieved in 2023, Central Bank Deputy Governor Olga Polyakova said at a banking conference on Tuesday, an increase in the bank’s previous forecast.
HSBC plans to accelerate the expansion of its wealth business in China despite economic headwinds and is on track to nearly double its headcount by next year, its global wealth head said, as the lender pushes ahead with its Asia pivot strategy.
Euro zone banks lowered the bar on mortgage approvals last quarter for the first time in over two years but demand for credit kept falling amid high borrowing costs and a stagnant economy, a European Central bank survey showed on Tuesday.
Industrial and Commercial Bank of China is planning to issue as much as 40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, Bloomberg News reported on Tuesday.
West Virginia added four financial firms on Monday to a list of institutions that may be barred from some state business because the state’s treasurer deems they are boycotting the fossil fuel industry.
Over 42 million customers have used Bank of America’s virtual financial assistant more than 2 billion times since its launch in 2018, the lender said on Monday.
Nigeria’s central bank has barred commercial lenders from accepting foreign currency-denominated collateral to grant naira loans, a move that could protect the banking system against a strengthening of the local currency, it said on Monday.
Complaints by bank customers to Germany’s financial regulator nearly doubled last year, figures published on Monday showed, with many of them directed at a single lender.
