Russian bank Unistream, which specialises in money transfers, has seen a surge in remittances since Moscow began operations in Ukraine and plans to launch instant transfers to India, Turkey and countries in Africa, its board chairman told Reuters.
Indian lender Yes Bank is likely to approve the transfer of stressed assets worth 480 billion rupees ($6 billion) to private equity firm J.C. Flowers at its next board meeting, said a source with direct knowledge.
The Indian government is stepping up scrutiny on digital lending apps in an attempt to weed out ones which conduct unethical lending and recovery practices, the government said in a notification on Friday.
The European Central Bank (ECB) will prioritise bringing down spiralling inflation in coming months and will dampen economic growth in the process, ECB governing council member Klaas Knot said on Friday.
Some big banks were ramping up on Friday expectations for another 75 basis point rate hike from the European Central Bank in October, a day after the central bank delivered a supersized interest-rate increase to tame inflation.
BNP Paribas' global head of prime services Ashley Wilson has reversed a decision to leave the bank and will now stay, two sources with knowledge of the matter told Reuters on Thursday.
Rising interest rates in Britain will make it easier for company pension schemes to afford the cost of insurance, leading to growth in the pensions insurance market, the new chief executive of insurer Rothesay said on Thursday.
Goldman Sachs Group Inc's asset management arm has hired Elizabeth Burton to advise its institutional clients, according to an internal memo seen by Reuters on Thursday, as the bank seeks to bolster the unit following a slump in revenue.
U.S. banks reported $64.4 billion in profits in the second quarter of 2022, as higher net interest income offset growing reserves to guard against loan losses, the Federal Deposit Insurance Corporation said Thursday.
