American Express Co on Friday forecast its full-year profit to be higher than initially expected, but built bigger provisions to prepare for potential defaults as an economic downturn looms, sending its shares down 5% in premarket trading.
JPMorgan has hired one of Deutsche Bank's most senior dealmakers, Richard Sheppard, to strengthen its UK investment banking business and help British companies navigate the challenges caused by market turmoil and rising energy costs.
Sri Lanka Central Bank Governor Nandalal Weerasinghe thinks inflation in the island nation is peaking, with price rises likely to ease this month, Bloomberg News reported on Friday.
Britain's Financial Conduct Authority (FCA) said it would fine Barclays 50 million pounds ($55 million) for its failure to disclose fees paid to Qatari entities during its financial crisis-era fundraising.
Investors have been adding to bets that Credit Suisse's shares still have further to fall after a social media storm forced a fresh look at the Swiss lender's problems.
Credit Suisse Group AG has placed an 8.6% stake in Allfunds Group via an accelerated bookbuilding offering that was priced at 6.195 euros a share, raising 334 million euros ($326.2 million), a bookrunner said on Friday.
Japanese Finance Minister Shunichi Suzuki said on Friday that authorities were dealing with currency speculators "strictly", as an extended sell-off of the yen kept markets on heightened alert for further dollar-selling intervention by Tokyo.
The Czech National Bank should raise interest rates further as it needs to keep inflation expectations anchored, its Vice Governor Marek Mora was quoted as saying by the E15 business daily on Friday.
