Britain's two banking regulators on Friday concluded that they will not take any enforcement action against certain former unnamed senior managers at the collapsed bank HBOS, the Bank of England said in a statement.
Some European Central Bank policymakers want to discuss a 75 basis point interest rate hike at the September policy meeting, even if recession risks loom, as the inflation outlook is deteriorating, five sources with direct knowledge of the process told Reuters.
China's Bank of Communications (BoCom) , on Friday warned of liquidity risks in the property sector after it posted an almost 5% rise in first half net profit.
Hungary's central bank is expected to raise its base interest rate by 100 basis points to 11.75% next Tuesday, with more hikes to come this year as inflation keeps rising due to surging energy prices and a weak forint.
China's banking and insurance regulator has agreed in principal to allow two rural banks in Liaoning Province to enter bankruptcy proceedings, according to an official statement released on Friday.
The Indian rupee is likely to struggle against the dollar as slowing global growth and the Federal Reserve's interest rate stance overshadows Reserve Bank of India's intervention, Societe General suggested in a note on Friday.
The Indian rupee was barely changed to the dollar on Friday on lingering concerns over the U.S. interest rate outlook, while traders reviewed a report that JPMorgan was consulting investors for adding the Asian nation to its emerging-market bond index.
The Indian rupee is tipped to open little changed to the dollar on Friday, as traders awaited a speech by Federal Reserve Chair Jerome Powell to see how aggressive the central bank would be in its battle against inflation.
Fintech firm Bespoke Financial is looking to expand its 'buy now pay later' service for cannabis businesses in California and Massachusetts later this year, its Chief Executive George Mancheril said on Thursday.
