Nigeria’s central bank governor Olayemi Cardoso said on Friday that entities involved in fraudulent foreign exchange trades would be punished, after an audit helped whittle down a backlog of claims for payment to a “more manageable figure.”
Mediobanca’s CEO on Friday urged the Italian government to make changes to its capital markets legislation, because plans to give investors more power over the way a company’s outgoing board presents candidates for the next term are unworkable.
Paytm Payments Bank, which India’s central bank has ordered to wind down by Feb. 29, is seeing transactions it handles slowly drop off as customers are uncertain what will happen in March, according to two sources directly aware of the matter.
Deutsche Pfandbriefbank’s (PBB) shares continued their decline on Friday, dropping more than 3%, and its bonds remained under pressure amid concerns over its exposure to the U.S. commercial real estate market.
Howden, one of the world’s largest privately owned insurance brokers, has 1.1 billion pounds ($1.4 billion) for growth, including acquisitions, and has had interest from potential new shareholders to back a large deal if needed, its management told Reuters.
Canada’s Sun Life Financial said on Thursday it sees long-term opportunities to buy assets from the troubled U.S. commercial property sector, despite the value of its own office properties in the region falling 26%.
Bank of America has brought in $10.5 billion in deposits and investments in the last four years after making deals with companies to provide financial services to their employees, the lender said on Thursday.