UniCredit faces court hearings in Britain and Russia in the second quarter after a Russian energy company sued the Italian bank for failing to honour guarantee payments because of international sanctions, UniCredit said on Tuesday.
Cheyne Capital has secured investment from a subsidiary of Abu Dhabi’s biggest sovereign wealth fund for its European real estate debt fund, according to a joint statement on Tuesday, as appetite from Gulf state investors for private credit booms.
First International Bank of Israel (FIBI) reported a 7% decline in quarterly net profit, hurt by a more than tripling of its provision to protect against future loan defaults due to economic uncertainty during Israel’s war with Hamas militants.
Deutsche Bank’s chief executive officer said on Tuesday that he expects the current crisis in commercial real estate to continue in 2024 and that provisions for loan losses will be at the upper end of its projected range.
India’s National Stock Exchange said its board on Monday approved a 1% reduction in overall transaction charges across cash equity and equity derivatives segments and products, effective April 1.
The National Payments Corp of India (NPCI) is likely to approve a third-party application provider (TPAP) license for Paytm, formally known as One 97 Communications , by March 15, three sources directly aware of the development said on Tuesday.
Standard Chartered banker Simon Cooper is leaving the Asia-focused lender as part of a management reshuffle that will see Roberto Hoornweg and Sunil Kaushal take over as co-heads of corporate and investment banking.
Goldman Sachs Asset Management, a unit of Goldman Sachs Group , aims to expand its private credit portfolio to $300 billion in five years from the current $130 billion, a senior executive said, laying out an aggressive expansion plan.
Mizrahi-Tefahot’s fourth-quarter profit edged lower, the Israeli lender said on Tuesday, on higher provisions to guard against loan defaults due to Israel’s war with Hamas militants, while it raised its dividend.
UBS has been getting the benefits of seasonality during the first quarter, and is looking to narrow the gap to peers in the United States, the Swiss bank’s CEO Sergio Ermotti said on Tuesday.
