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.
Israel's banking regulator on Wednesday warned of a possible deterioration of banking system profits stemming from an uncertain economic outlook and higher interest rates that could lead to loan defaults.
India's largest lender State Bank of India expects corporate loans to grow at a pace of 14% to 15% this financial year and at about 12% on average over the next two years, a top executive from the bank said on Wednesday.
Britain's lenders are seeking more data on the finances of potential and existing customers as a cost-of-living squeeze raises the risk of borrowers struggling with their debts, credit data firm Experian said on Wednesday.
Partnerships between banks and financial technology companies are a net-positive for consumers when done responsibly, the Treasury Department will say in a report due on Wednesday.
Leaders of the world's biggest economies agreed to pace their interest rate hikes carefully to avoid spillovers and warned of "increased volatility" in currency moves, a sea change from last year's focus on mending the scars of the COVID-19 pandemic.
Hedge funds have stepped up financing of trade in commodities such as oil, gas, cocoa and copper as banks hit the limit of what they can risk due to extreme market volatility and higher interest rates making them less competitive.
