 | | | | Financial inclusion levels in Mexico have worsened since 2018, official statistics show, despite a burst of financial startups hoping to 'bank the unbanked'. | | | | | | Morgan Stanley chief executive officer James Gorman told shareholders during the bank's annual general meeting on Thursday that he does not plan to retire soon, and added that he puts the chances of a U.S. recession at less than 50%. | | | | | | Cryptocurrency firms, many of which lined the main street in Davos this week, were told they will need to clean up their act before gaining complete acceptance from the World Economic Forum's old guard. | | | | | | Southeast Asia and Latin America are strong growth regions for Mastercard after its withdrawal from Russia in March and India's 2021 ban on it from issuing new cards, the company's co-president for international markets said. | | | | | | Royal Bank of Canada and Toronto-Dominion Bank on Thursday reported second-quarter profits that beat estimates, as provisions for credit losses (PCLs) improve at most Canadian banks, while Canadian Imperial Bank of Commerce (CIBC) posted the lone miss on the earnings front as its PCLs rose. | | | | | | Russian lender Sberbank on Wednesday said its online banking systems SberBusiness and SberPro have been deemed fully compatible with Astra Linux, a Russian-made operating system. | | | | | | Britain's accounting watchdog said on Tuesday it has fined KPMG 3.3 million pounds ($4.16 million) over the company's audit of aero engine maker Rolls-Royce more than a decade ago. | | | | | | Barclays has fired the starting gun on a 1 billion pound share buy-back programme aimed at reducing its share capital after refiling accounts with U.S. authorities on Monday. | | | | | | French lender Societe Generale will name its new chief executive by autumn, Chairman Lorenzo Bini Smighi said in an interview with Italian daily Il Sole 24 Ore published on Tuesday. | | | | | | Swedish payments company Klarna will lay off about 10% of its 7,000 employees, it said on Monday, as rampant inflation and the war in Ukraine have worsened business sentiment. | | | | | |
