 | | | | Germany's Commerzbank swung on Wednesday to a bigger-than-expected second-quarter net profit, helped by higher interest rates and commission income, and confirmed it was on track to meet its profit target despite "clouds" on the horizon. | | | | | | L'ATTITUDE Ventures on Wednesday closed its first institutional fund raising over $100 million with an anchor investment from Wall Street giant JPMorgan Chase and initial investments from Trujillo Group and Bank of America . | | | | | | Regulatory changes introduced in Poland have left its banking sector less resilient to potential shocks than it used to be, mBank deputy head Marek Lusztyn told a news conference on Wednesday. | | | | | | Polish lender Alior Bank expects the costs of risk to rise in the next quarters, but they will have a limited impact on its results, Chief Executive Officer Grzegorz Olszewski said on Wednesday. | | | | | | Piraeus Bank on Wednesday reported lower net earnings in April-to-June compared to the first quarter on comparatively lower trading income, but raised its guidance for the full year as new loan disbursements topped targets. | | | | | | Bank of Ireland expects modest growth in net interest income this year, having previously forecast that it would be broadly stable year on year, the bank said on Wednesday after reporting a 10% drop in first half profits. | | | | | | Finnish insurer Sampo on Wednesday posted a smaller-than-expected drop in quarterly earnings as its main subsidiary If continued to deliver growth even as overall profits retreated from highs seen during the pandemic. | | | | | | Hiscox is committed to a planned insurance consortium providing cover for ships travelling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd's of London insurer shares plunged on a first-half loss. | | | | | | Komercni Banka's attributable net profit soared in the second quarter to its highest since the Czech lender's privatisation in the early 2000s as high interest rates boosted earnings. | | | | | | Nomura Holdings Inc , Japan's biggest brokerage and investment bank, on Wednesday suffered a worse-than-expected slump in first-quarter net profit as volatile financial markets battered its investment banking and asset management businesses. | | | | | |
