State Bank of India , the country's largest lender, said on Wednesday it will consider approval for raising funds through the issue of infrastructure bonds worth up to 100 billion rupees ($1.21 billion) during fiscal year 2023.
Several big Turkish banks want to issue dividends to shareholders after posting record profits in 2022 and the country's BDDK banking watchdog is considering the request, three banking sources familiar with the issue said.
Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses.
Italian banks have agreed with trade unions to extend until the end of February a nationwide contract for bank employees that was due to expire at the end of the year, ahead of talks on a new contract.
The Japanese government has asked insurers to take on additional risks to continue providing marine war insurance for liquefied natural gas (LNG) shippers in Russian waters, a senior official at the industry ministry said.
Swiss fintech Leonteq said on Tuesday that it was lowering its profit expectations for 2022 due to reduced client demand in the second half of the year.
Three Japanese insurance companies that are set to halt marine coverage of risks related to the war in Ukraine starting next month are in talks with reinsurers to resume those operations, they said on Monday.
India's federal investigating agency has arrested former ICICI Bank Ltd Chief Executive Officer Chanda Kochhar in connection with a loan fraud case involving the bank and Videocon Group, a source from the Central Bureau of Investigation (CBI) told Reuters on Friday.
Global equity funds have recorded their biggest weekly outflows since March 2020, hit by recession fears as central banks vow to keep interest rates higher to tame inflation.
