 | | | | Global funds flagged higher inflation as the top risk to their portfolios over the coming three months, cutting recommended bond holdings to the lowest in nearly three years and raising exposure to equities, a Reuters poll found. | | | | | | China published rules on Friday that require its globally systemically important banks to beef up capacity to absorb losses to head off financial instability. | | | | | | Five of China's largest state banks saw third-quarter profits rise by more than 10% as bad loans held steady, even as smaller lenders felt tremors from the ongoing debt woes at developer Evergrande. | | | | | | Czech lender MONETA Money Bank raised its 2021 profit forecast on Friday after a stronger-than-expected third quarter as risk costs eased, while higher interest rates bode well for the future. | | | | | | Shares in Danske Bank fell more than 5% on Friday after the lender reduced its 2023 profitability target, citing significant challenges such as compliance costs. | | | | | | Spain's Caixabank on Friday said its third-quarter recurrent profit rose 33% measured against the same period a year ago, due to lower loan loss provisions which offset pressure on lending income. | | | | | | The Australian Securities and Investments Commission (ASIC) said on Friday the country's largest lender Commonwealth Bank of Australia had pleaded guilty to 30 criminal charges for mis-selling consumer credit insurance between 2011 and 2015. | | | | | | New York's $268 billion state pension fund on Thursday became the latest to restrict its holdings in Unilever Plc in response to sales limits imposed by the company's Ben & Jerry's ice cream brand in the Israeli-occupied Palestinian territories. | | | | | | Denmark's ATP, one of Europe's largest pension funds, aims to have 200 billion Danish crowns ($31 billion) worth of green investments by 2030 and half that in 2025, it said in a statement on Thursday. | | | | | | Agricultural Bank of China Ltd (AgBank) , the country's third-biggest lender by assets, reported a 14% increase in third-quarter profit as banks steadily recover from the impact of the COVID-19 pandemic. | | | | | |
