Venezuelan business owners struggling to get access to credit amid their country's continued economic crisis are seeking loans through foreign banks, business people and finance industry sources told Reuters.
Southeast Asia's digital media and tech sectors, underpinned by young consumers and one of the fastest growing internet markets, had drawn U.S. investment bank Raine Group to expand in the region, senior executives said.
Using blockchain technology which underpins cryptoassets to offer instantaneous trading and settlement across all financial markets is not desirable given the challenges it would pose, Bank of England Deputy Governor Jon Cunliffe said on Wednesday.
Italian households and businesses are adjusting to the current economic challenges and this will help the economy recover towards the end of next year after what UniCredit expects to be a mild recession, CEO Andrea Orcel said.
Non-Standard Finance Plc slumped to a record low on Wednesday, after the British doorstep lender said it would need to raise fresh capital after breaching first and second quarter lending covenants critical to its attempts to stay in business.
Japan's securities watchdog on Wednesday recommended punishment of SMBC Nikko Securities, the brokerage unit of Sumitomo Mitsui Financial Group Inc (SMFG) , over alleged market manipulation that led to the indictment of former executives.
Wall Street giant JPMorgan is planning to double the size of its workforce at fledgling British retail bank Chase to at least 2,000 within two years, the CEO of the venture told Reuters, despite losses and some investor scepticism.
U.S. regulators on Tuesday fined 16 financial firms, including Barclays , Bank of America , Citigroup , Credit Suisse , Goldman Sachs , Morgan Stanley and UBS , a combined $1.8 billion after staff discussed deals and trades on their personal devices and apps.
Spain's Santander board approved on Tuesday an interim cash dividend against 2022 results of 0.0583 euro per share, equivalent to around 20% of the group's underlying profit in the first half of 2022, the lender said.
Citigroup Inc said on Tuesday it had hired six Hispanic-owned firms to co-manage its $2.75 billion bond offering, a week after the lender set new diversity goals for its workforce.
