Wall Street major Morgan Stanley is expected to start a fresh round of layoffs globally in the coming weeks, three people with knowledge of the plan said, as dealmaking business takes a hit due to rising inflation and an economic downturn.
The Polish unit of Dutch lender ING does not see a direct impact on its cost of risk from payment holidays for borrowers, its chief financial officer said on Thursday.
The Export-Import Bank of China (EximBank) will lead Beijing's team to renegotiate nearly $6 billion of loans that Zambia owes to Chinese state-owned creditors, the country's finance ministry told Reuters on Thursday.
Two of Britain's largest asset managers are deferring withdrawals from funds managing 8.3 billion pounds ($9.28 billion) of UK property, the companies told Reuters on Thursday, in fresh signs of deteriorating sentiment towards UK real estate.
The European Central Bank will issue its non-binding opinion on Spanish banking tax proposal "very shortly," policymaker Pablo Hernandez de Cos said on Thursday.
Housing Development Finance Corp (HDFC), India's largest mortgage lender, reported a 17.8% rise in second-quarter profit on Thursday, boosted by strong demand for home loans.
Credit Suisse profitability could be hit by a drop in asset management fees in the fourth quarter, the Swiss bank said in a financial report late on Wednesday.
The cost of payment holidays for mortgage holders plunged Polish bank Pekao into the red in the third quarter, outweighing the positive impact of higher interest rates, its results showed on Thursday.
ING Groep NV , the largest Dutch bank, on Thursday reported a quarterly pre-tax profit of 1.38 billion euros ($1.36 billion), below expectations due to one-off charges, and rolled out a share buyback plan worth 1.5 billion euros.
