UBS CEO Sergio Ermotti said on Monday that his bank was working hard to avoid any delays in integrating its technology and data with those of former rival Credit Suisse, warning that a delay would erode the bank’s planned cost savings.
Asset quality of Indian banks’ consumer loans has held up well so far, but an accumulation of “untested risks” due to rapid growth may challenge lenders’ underwriting standards and risk controls, Fitch Ratings said on Monday.
British insurer Phoenix Group’s Rakesh Thakrar will step down as the chief financial officer this year after about four years in the role, the company said on Monday.
Kenya’s Equity Group Holdings said on Monday first-quarter pretax profit rose 21% to 20.4 billion shillings ($155.73 million), helped by growth in interest income.
Investors are racing back into European bank stocks after a surprisingly upbeat earnings season, pushing their shares to multi-year highs, but the bounce has also lured short sellers betting that the optimism is unlikely to last.
ANZ Group Holdings said on Monday Australia’s corporate regulator is investigating the lender for suspected violation of laws in executing the issuance of 10-year treasury bonds by the Australian Office of Financial Management (AOFM) in 2023.
Industrial and Commercial Bank of China , said it would issue 30 billion yuan ($4.15 billion) worth of total loss-absorbing capacity (TLAC) bonds on May 15, marking the first issuance of such bonds by a Chinese bank.
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.
Shares of Sun Life Financial fell nearly 6% on Friday after Canada’s No. 2 insurer missed quarterly profit estimates due to weakness in its dental insurance business in the United States, with CEO Kevin Strain expecting turbulence in the near term.
Binance, the world’s largest cryptocurrency exchange, has registered with India’s Financial Intelligence Unit (FIU), a senior FIU official said on Friday, as the exchange seeks to resume operations in the country.
