Leading governance adviser Glass Lewis has recommended shareholders in state-owned Italian bank Monte dei Paschi di Siena back a planned 2.5 billion euro ($2.5 billion) new share issue, a document showed.
UniCredit on Wednesday said it had gained supervisory approval for a new share buyback of up to 1 billion euros ($1 billion), putting it on track to hit its capital distribution goals despite economic recession risks.
Money supply data suggest that this driver of inflation is losing some steam, Czech National Bank (CNB) Vice-Governor Eva Zamrazilova said on Wednesday.
Swedish payments company Klarna said on Wednesday its half-yearly operating loss more than tripled weighed down by an increase in employee costs, higher credit losses and continued investment in market expansion.
Japan will step up surveillance of banks' risk control as interest rises abroad create latent losses in their foreign bond holdings, reflecting concerns about the impact of U.S. monetary tightening on the country's financial system.
GXS Bank, the digital bank joint venture of ride-hailing firm Grab Holdings and Singapore Telecommunications , launched Singapore's first digital bank on Wednesday for the retail market in the affluent city-state.
South Korea said on Wednesday it would consider seeking the annulment of an international tribunal order to pay damages of $216.5 million plus interest to Lone Star Funds over the U.S. private equity firm's sale of Korea Exchange Bank.
Colombia's leftist government will ask lawmakers to increase the 2023 budget by 10 trillion pesos ($2.28 billion) so it can up spending on social programs, Finance Minister Jose Antonio Ocampo said on Tuesday.
