Japan's SoftBank Group Corp is considering launching a third Vision Fund, likely using its own capital, and will decide on the matter in the coming months, the Wall Street Journal newspaper reported on Wednesday, citing unnamed sources.
UniCredit Chief Executive Andrea Orcel said focusing on capital generation was the right strategy for the Italian bank as its shareholders on Wednesday approved a 1 billion euro ($1 billion) share buyback.
Brazilian fintech company Ebanx S.A. on Tuesday said it has expanded into Africa, where it hopes to replicate its fast growth in Latin America by placing a greater emphasis on the digital payments side of its business.
Wells Fargo & Co said on Tuesday it would commission a third-party racial equity audit that will include inputs from both internal and external stakeholders, as the bank pushes to boost its diversity credentials.
Deutsche Bank's International Private Bank unit in the Americas hired Hedieh Bolour as a director based in Los Angeles, according to an internal memo seen by Reuters on Tuesday.
JPMorgan Chase and Bank of America , the two largest U.S. banks by assets, expressed caution about job cuts in contrast with Goldman Sachs, where hundreds of layoffs could start as early this month.
Morgan Stanley has seen moderation in loan growth and a lower mortgage demand due to rising interest rates, co-President Andrew Saperstein said in a conference on Tuesday.
HSBC is likely to resume share buybacks in the second half of next year, its Chief Financial Officer Ewen Stevenson said on Monday, as the bank looks to boost payouts to investors having curbed them at regulators' behest during the COVID-19 pandemic.
UBS is seeing increased caution among its clients as worries about the slowing global economy, rising inflation and energy prices hit investor confidence, Chief Financial Officer Sarah Youngwood said on Tuesday.
