Italy’s UniCredit on Wednesday said its strong fundamentals would allow it to bring forward up to 2.5 billion euros ($2.7 billion) of its 2023 share buyback plan.
The surprise bank tax Italy’s government introduced in August has no major impact on UniCredit’s earnings, but the uncertainty it stoked is damaging, Chief Executive Andrea Orcel said on 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.
As U.S. regulators start to overhaul the way they police lenders after three banks failed this year, they will have to address examiners’ hesitancy to raise red flags, a deep-seated problem that has plagued the system for years.
Sweden’s financial markets regulator has asked pension fund provider Alecta whether it took interest rate and currency risks into account over its stake in a unit of property group Heimstaden , emails from the watchdog show.
British insurer and asset manager M&G announced its comeback in corporate pension scheme insurance on Wednesday as it reported an above-forecast 31% rise in adjusted operating profit, boosting its shares.
India’s top private lender HDFC Bank has warned that its merger with HDFC Ltd would hit key financial metrics including its margins and bad loan ratios, sending shares down 4% on Wednesday and dragging the blue-chip Nifty 50 .
Oracle is ready to cater to Canadian banks for their open banking needs and provide tools as needed when the country make its available, a financial services executive with the cloud computing giant said.
Societe Generale’s new CEO Slawomir Krupa pledged on Monday to cut costs to boost profits by 2026 amid stagnating sales, in his first strategic plan for France’s third-biggest listed bank.
UBS’s Vice-Chairman said on Tuesday it was possible that Credit Suisse could generate further losses in the second half of the year but voiced confidence its takeover would benefit his bank in the longer run.
