 | | | | Germany's financial market regulator BaFin said on Thursday that it had fined Bank of America 5.1 million euros ($5.28 million) for delays in reporting voting rights notifications. | | | | | | HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance Group, a source familiar with the Chinese insurer's thinking said, adding the move could unlock up to $35 billion in value. | | | | | | Hungarian OTP Bank's Russian unit has attracted "serious interest" from potential bidders, but a Russian presidential decree banning the sale of Western banks could complicate any deal, deputy chief executive Laszlo Bencsik said on Thursday. | | | | | | Israel Discount Bank on Thursday reported a 21% drop in second-quarter profit, with higher provisions for loan defaults overshadowing a jump in financing income that followed interest rate increases. | | | | | | Credit Suisse shareholder Harris Associates' increased holding in the Swiss bank reflected an adjustment in how it reports stakes to the U.S. regulator, Finanz und Wirtschaft reported its Chief Investment Officer as saying. | | | | | | Russian law firm Rybalkin, Gortsunyan, Dyakin & Partners (RGD) plans to appeal to Euroclear clearing house to help unfreeze funds of investors in foreign securities that were tied up by Western sanctions against Russia, a RGD partner said. | | | | | | NN Group's core profit fell 12.1% year-on-year in the first half of 2022, the Dutch insurer said on Thursday, citing the impact of weather events and the sale of its asset management arm. | | | | | | Credit Suisse Group AG has applied to the English High Court to initiate formal legal proceedings against Japan's SoftBank Group Corp over a $440 million dispute, one source familiar with the matter said on Thursday. | | | | | | Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ($1.91 billion) share buyback on Thursday, sending its shares higher. | | | | | | Nearly half of Australian retail investors owned cryptocurrency in late 2021 and more got their information from YouTube videos than from financial advisers, the securities watchdog said on Thursday, calling the data a "strong case for regulation". | | | | | |
