Saudi Real Estate Refinance Co (SRC), the Saudi equivalent of U.S. mortgage finance business Fannie Mae, will soon issue around 3 billion riyals ($798.34 million) in local currency sukuk, or Islamic bonds, its chief executive said on Tuesday.
Lloyds Banking Group has been hit by more than 300 million pounds ($348 million) of suspected fraud linked to COVID-19 pandemic-era recovery loans for small businesses, the highest among big bank peers, according to government data.
Russia's No. 2 bank VTB returned to profit in July after record losses in the first six months of the year, and will start lending in the Chinese yuan and other non-Western currencies later this year, it said on Tuesday.
HSBC , its online arm First Direct, and Metro Bank have joined a fraud-reporting hotline as the cost of living crisis increases the number of financial scams, an industry body said on Tuesday.
The risk of a UK balance of payment crisis "should not be underestimated" under a Liz Truss government, Deutsche Bank warned on Monday, citing the potential for large unfunded fiscal expansion and changes to the Bank of England mandate to damage investor confidence.
Italy's second-biggest bank, UniCredit , on Monday unveiled a set of measures worth up to 8 billion euros ($8 billion) to ease the pain of firms and households hit by record energy costs and a wider price surge.
South African mobile operator MTN Group has reduced its debt further through early settlement of $300 million in euro bonds with a 2024 maturity date, it said on Monday, as part of efforts to deleverage non-rand debt faster.
