 | | | | Standard Chartered's first-half pre-tax profit rose 19% and beat market expectations, as the emerging markets-focused lender benefitted from rising interest rates and issued an upbeat post-COVID outlook, pushing its shares 3.7% higher. | | | | | | Cryptocurrency exchange FTX said on Friday it was fully approved to operate its exchange and clearing house in Dubai, as the Gulf emirate pushes forward with plans to develop its digital asset sector. | | | | | | Chris Jonns, one of the biggest brokers for dollar-based interest rate derivatives in the interdealer market, has left TP ICAP in New York as the industry comes under pressure to adopt more electronic trading and reduce trading costs. | | | | | | BBVA and Caixabank on Friday said they were looking at the potential impact of a proposed tax on banks in Spain and exploring taking legal action to challenge the move. | | | | | | Italy's biggest bank Intesa Sanpaolo on Friday posted a bigger-than-expected profit for the second quarter, helped by higher interest rates and trading gains, which offset the hit to net fees from rough markets. | | | | | | Italian financial services group Mediobanca beat estimates with its quarterly results despite an adverse macroeconomic scenario and market turmoil, it said on Friday. | | | | | | Lloyd's of London insurer Ascot and broker Marsh on Friday launched marine cargo and war insurance for grain and food products moving from Ukrainian Black Sea ports, removing a hurdle to getting shipments underway. | | | | | | Authorities scrambling to contain the damage from a rural banking scandal in central China's Henan province said on Friday that more depositors will be repaid, while three regulators were put under investigation. | | | | | | Barclays has entered into an agreement with Citigroup for the latter to conduct a buyback of Barclays' shares on behalf of the British bank, Barclays said on Friday. | | | | | | Mizuho Financial Group Inc , Japan's third-largest lender by assets, reported on Friday a 36% drop in first-quarter net profit from a year ago when earnings were boosted by tax-related gains. | | | | | |
