French bank Societe Generale said in a statement that it planned to further reduce its exposure to the oil and gas production sector and was making good progress on its goal of a complete exit from coal.
Italy's state-owned bank Monte dei Paschi di Siena is inclined to agree to all early exit demands from staff, unions said on Monday after a meeting with CEO Luigi Lovaglio.
A German consumer group said on Monday it is suing Deutsche Bank's asset management unit DWS for allegedly misrepresenting a fund's green credentials in marketing materials.
A French court approved an agreement between Credit Suisse Group and the French financial prosecution office to settle a tax fraud and money laundering case in the country with a 238 million euro ($233.81 million) payment to the state, a judge said on Monday.
Credit Suisse agreed to pay France 238 million euros ($234 million) to settle a tax fraud and money laundering case on Monday, putting another legal headache behind it as it prepares a strategic overhaul.
Sponsored by PIMCO: Energy Security Has a Price
The OPEC+ plan to curb oil production complicates the global economic, inflation, and geopolitical outlook and will likely lead to higher prices for key commodities.
The World Bank on Monday rose its 2022 forecast of economic growth for six countries of the Western Balkans to 3.4% from 3.1% previously but warned it was still impacted by the war in Ukraine and resultant inflation and slowdown in global growth.
Australia's Westpac Banking Corp warned on Monday that its second-half reported net profit and cash earnings will be reduced by A$1.3 billion ($824 million) after tax, citing a loss on the sale of its life insurance business, among others.
Japan's government will urge the central bank to be vigilant to the economic impact of sharp market moves in a scheduled spending package aimed at cushioning the blow from rising living costs, a draft document obtained by Reuters showed on Monday.
South Korea's government will expand its corporate bond-buying program among other liquidity supply measures amid growing worries about a credit crunch in bond and short-term money markets.
ICICI Bank (ICBK.NS), India's second-largest private-sector lender, reported a 37% rise in quarterly net profit on Saturday as loan growth inched up and provisions for bad loans fell.
