South Korea made a transfer worth $780 million to Turkey's central bank last week, a portion of the $2 billion agreed under a swap deal signed in 2021, two bankers told Reuters.
Portugal's central bank on Thursday raised its 2022 economic growth forecast to 6.7% from a previously projected 6.3%, citing a stronger recovery in the crucial tourism industry and higher private consumption, but signalled a slowdown in 2023.
Barclays has promoted Luca Maiorana to lead its financial institutions group (FIG) across Europe, the Middle East and Africa as part of its efforts to deepen its ties with key clients who are grappling with the turmoil in financial markets.
Australian fund manager Magellan Financial Group said a big client had redeemed about $1 billion in September to satisfy liquidity requirements as markets reeled late in the month, sending Magellan shares on a nosedive to a nearly nine-year low.
Deutsche Bank's head of private banking, Lars Stoy, expects deposit interest rates to increase further after the European Central Bank turned to raising rates, the Frankfurter Allgemeine Zeitung quoted the executive as saying on Thursday.
Private equity company Antin said on Thursday it had raised more than 5 billion euros ($5 billion) for Flagship Fund V, which aims to invest in the energy, telecom, transport and social infrastructure sectors.
As British lender HSBC Plc explores a potential sale of its Canadian unit, lawyers and analysts say the country's concentrated banking market could discourage big domestic banks from bidding as the government has charged the antitrust regulator to push for more competition.
Amazon.com Inc is investing in outside venture capital funds for the first time, saying on Wednesday it planned to hand $150 million to firms that are backing underrepresented founders.
The deputy head of Credit Suisse's Asia-Pacific wealth management business Young Jin Yee has resigned, according to a company memo reviewed by Reuters and confirmed by a spokesperson for the Swiss bank.
Italy favours keeping Anima Holding in domestic hands and could raise the stake in the country's biggest independent asset manager it holds through the national post office Poste Italiane , two people close to the matter said.
