UBS has cut around 70% of the Hong Kong-based staff headcount at Credit Suisse’s securities research unit, two sources with direct knowledge of the matter said, as the two Swiss banking giants move ahead with integration of operations.
Nigeria’s central bank said on Thursday that it had delayed an interest rate meeting that had been planned for next week and that it would schedule a new meeting later.
The Reserve Bank of India on Thursday proposed that lenders should label defaulting borrowers as “wilful defaulters” within six months of an account turning non-performing.
India is on track to become a $5 trillion economy by 2027 and at present, there are no visible signs of overheating, Reserve Bank of India Deputy Governor Michael Patra said in a recent speech delivered in Cambodia.
South African insurer Discovery Ltd on Thursday declared its first dividend since the COVID-19 pandemic took hold in 2020, citing a strong balance sheet and cash generation, but said macroeconomic uncertainty would persist.
S&P Global Ratings revised its credit outlook for Japanese technology investor SoftBank Group to positive from stable after the initial public offering (IPO) of British chip designer, Arm Holdings , its largest asset, last week.
WiZink is considering different strategic options for its business in Portugal, four sources with knowledge of the matter said, as the Spanish online lender seeks to accelerate the unit’s growth and boost its value.
Bank of America will boost its minimum hourly wage to $23 in October as it heads toward a goal of raising hourly pay to $25 by 2025, the company said in a statement Wednesday.
Goldman Sachs’ asset management arm said two funds have closed, raising more than $15 billion for funds that enable investors to make secondary investments in existing private equity (PE) deals.
The Bank of England said on Wednesday it would use its new powers to publish individual results for life insurers in its next stress test for the insurance sector in 2025.
