Britain set out more plans on Thursday to help make it the world's most competitive financial centre by easing capital rules for insurers, trimming a tax rate for banks, and promising to review all financial rules from the European Union.
Financial technology companies, long seen as a threat by the likes of JPMorgan Chase & Co , are increasingly becoming acquisition targets for traditional U.S. banks as rising interest rates and falling valuations crimp their expansion.
The World Bank's private investment arm will discuss a $2 bln support package for Ukraine at a board meeting in December, Lisa Kaestner, regional manager for Ukraine at the International Finance Corp (IFC) said on Thursday.
Colombian financial conglomerate Grupo Aval reported third quarter net profit down 23.2% from a year earlier on Wednesday, landing at 929.8 billion pesos ($193.4 million), citing a higher effective tax rate and increased costs.
Foreign holdings of Treasuries in September dropped to their lowest level since May 2021, data from the U.S. Treasury Department showed on Wednesday, led by Japan and China whose currencies have struggled all year against a resurgent dollar.
Troubled Mexican non-bank lender Credito Real is in talks with foreign bondholders, prompting creditors to delay their request for an involuntary U.S. bankruptcy hearing, according to two sources close to the matter.
Argentina's rising central bank debt poses a risk to the country's monetary stability, ratings agency Moody's said on Wednesday, adding it could further stoke inflation and aggravate any exchange rate shock if savers flee from the local peso currency.
The British government and the Bank of England are reforming insurers' capital rules, seen as a post-Brexit test of UK willingness to unshackle the City of London after leaving the European Union.
Wells Fargo & Co introduced small-dollar loans to customers online, the bank said Wednesday, as overdraft fees draw greater scrutiny in the United States.
The Indian government has received about 38.39 billion rupees ($472.1 million) from the sale of Axis Bank Ltd shares held by a government investment vehicle, the divestment secretary wrote on Twitter on Wednesday.
