New York-based private equity firm Warburg Pincus LLC is in talks to invest around $150 million in Indian small-business lender Vistaar Finance, two sources familiar with the matter told Reuters, marking its latest bet in a booming lending market.
Head-spinning volatility in Turkey's banking shares has left investors reeling after a 100% stock market surge this year, driven by the highest available real returns, gave way to a sharp slide this week.
Russia's central bank on Friday pledged to keep expanding the number of countries that accept its Mir bank cards after new U.S. sanctions targeting people and entities accused of helping Moscow skirt financial sanctions.
Euro zone banks are holding onto trillions of euros in multi-year loans from the European Central Bank, data showed on Thursday, in a headache for a central bank that needs to mop up cash to battle runaway inflation.
U.S. asset manager Invesco's Chinese joint venture withstood a volatile first half and attracted $5.4 billion from local investors, but the country's persistent zero-COVID policy poses risks to the economy, its Asia Pacific head said.
State Bank of India , the country's largest lender, is aiming for double-digit growth in deposits as loan demand gathers steam and utilisation of existing credit lines improves, a top executive said on Friday.
The departure of Credit Suisse Group AG from the business of servicing hedge funds unleashed a battle for market share among banks, with the three biggest players getting bigger, according to prime brokers and new industry data.
Italian state-owned bad loan manager AMCO expects by the end of the year to launch a scheme designed to limit losses for the state on billions of loans it guaranteed during the pandemic, two people close to the matter told Reuters.
France plans to double in December the amount of capital reserves banks have to keep on hand for a downturn in the economic cycle, the financial stability council said on Thursday.
