UBS is focused on organic growth, Chief Executive Ralph Hamers said on Thursday, although the Swiss bank would consider acquisitions if it needs to expand its capabilities.
France's Orpea on Thursday defended its strategy and financial communication after two minority shareholders opposed to its planned debt restructuring plan called for a shareholders meeting at the care homes group.
Bank of Ireland followed main rival AIB in increasing mortgage interest rates after the European Central Bank began to hike its rates, adding a smaller 0.25% to the cost of a new fixed-rate mortgage on Thursday.
Systemic vulnerabilities in investment funds and other "non-banks" that make up almost half the world's financial system will be addressed by tweaking existing rules before assessing whether more radical action was needed, a G20 watchdog said on Thursday.
Swiss financial watchdog FINMA sees heightened danger for the sector given great uncertainty about interest rates and the economy, it said on Thursday.
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Leading Italian insurer Generali on Thursday confirmed all targets in its business plan to 2024 after upbeat nine-month results, adding it was able to generate 1 billion euros per year of cash for any potential M&A.
Swiss wealth and asset manager Vontobel Holding saw new money outflows of 3.4 billion Swiss francs ($3.46 billion) in the first nine months of this year, it said on Thursday, adding that it was stepping up cost cuts.
Russia's largest lender Sberbank's net profit for the first ten months of the year exceeded 50 billion roubles ($812 million) boosted by a strong performance in October, Chief Executive German Gref said on Thursday.
Shares in Credit Agricole SA fell as much as 5% on Thursday after the French bank reported lower-than-expected revenues in the third quarter, driven by weaker trading proceeds and withdrawals at asset manager Amundi.
Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, Europe's fifth-largest insurer said on Thursday, though it remains on track to beat its 2020-2022 financial targets, helped by premium rate rises.
