Brazilian reinsurer IRB Brasil Resseguros SA on Monday said it is considering a new capital increase to reinforce its financial structure, after market participants raised multiple alerts on the company's capital sufficiency.
Sight deposits held by the Swiss National Bank increased by 1.7 billion Swiss francs ($1.80 billion) last week, data showed on Monday, indicating the central bank could be intervening in the market to slow the franc's surge in value.
Westpac Banking Corp , Australia's third-largest mortgage lender, said on Monday its bad debt fell to a multi-year low in the June quarter, setting up a financial buffer as the country's housing market enters a downturn.
Westpac Banking Corp on Monday said its capital position at the end of the fiscal third quarter was weaker, hurt by payment of an interim dividend and higher risk weighted assets (RWA) following interest rate hikes over the quarter.
Anshu Jain, a top finance executive best known for helping German lender Deutsche Bank AG take on the largest Wall Street firms, died overnight on Saturday after a five-year battle with cancer, his family said. He was 59.
The New York Times Co has turned to Bank of America Corp and law firm Sidley Austin LLP for advice on how to handle a potential board challenge from ValueAct Capital Management LP, according to people familiar with the matter.
Net profit at Grupo SURA, Colombia's largest investment company, rose 30.3% in the second quarter from the year-earlier period, boosted by higher financial income and lower COVID claims, the company said in a statement on Friday.
Mexican leasing firm Unifin's debt restructuring is credit negative and could reflect tight refinancing conditions for Mexican financial institutions, Moody's rating agency said on Friday.
Kewsong Lee bolstered Carlyle Group Inc's growth after he took over the reins in 2018, yet the private equity firm continued to play catchup with its larger and more diversified publicly listed rivals, according to people close to the situation, analysts and investors.
