 | | | | Virgin Money will enter the fast-growing 'buy now pay later' market, the British bank said on Tuesday, joining other mainstream lenders pushing into the lucrative but sometimes controversial business. | | | | | | UBS posted a smaller-than-expected quarterly profit as turmoil in financial markets hurt its investment banking and wealth management businesses, with analysts predicting the Swiss bank will see harsh conditions in the second half as well. | | | | | | Polish banks could potentially face fines of up to 10% of their annual turnover if they make it difficult for mortgage holders to take advantage of payment holidays, the consumer watchdog said on Tuesday, days before the programme comes into effect. | | | | | | U.S. regulators are looking into whether UBS Group properly documented communications among staff as part of a wider probe of the sector, the Swiss bank said in notes to its second-quarter results on Tuesday. | | | | | | French voucher provider Edenred raised its full-year core profit forecast on Tuesday as staff shortages and rising inflation push employers to spend more on benefits for workers. | | | | | | South Korea's top financial regulator unveiled on Tuesday a draft plan for supporting distressed financial companies to prevent failures, rather than waiting to bail them out after they had defaulted and caused economic damage. | | | | | | KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis. | | | | | | Swiss wealth manager Julius Baer will freeze hiring for non relationship manager positions after higher costs and lower client activity triggered a 26% drop in first half earnings. | | | | | | Credit Suisse is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung reported, citing senior sources. | | | | | | China's banking regulator on Sunday said it is investigating an inspector at its bureau in Henan province, which has seen protests by depositors unable to retrieve funds following suspected fraud at a number of rural lenders. | | | | | |
