Italy's UniCredit may have room to pay out more to shareholders from 2022 earnings than the year before, potentially adding to rewards that were already among the most generous among European banks, its CEO said on Thursday.
The commercial arm of French insurer AXA is reducing cover offered to aviation companies as it seeks to protect the multibillion-euro business after heavy Ukraine-related losses, two underwriting and broking sources told Reuters.
JPMorgan and Standard Chartered won Chinese regulatory approval on Thursday to expand operations in China, as Beijing encourages expansion by foreign companies after lifting its restrictive COVID policies.
Bank of England Governor Andrew Bailey said there was now more optimism about the prospects for inflation falling this year, and noted that the central bank had not pushed back against market expectations for interest rates to peak at 4.5%.
Tesco Bank, owned by Britain's biggest supermarket chain Tesco , said on Thursday it agreed to give around 3,400 members of staff a 1,250 pound ($1,540.63) pay increase to help them deal with the increased cost of living.
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An Indian regulator is investigating investments between Nippon India Mutual Fund, the largest foreign-owned fund in the country, and Yes Bank between 2016 and 2019 for suspected misuse of investors' money, sources said.
British lenders surveyed in late November and early December predicted a further widening in mortgage lending spreads in the three months to the end of February, according to a Bank of England survey released on Thursday.
The European Bank for Reconstruction and Development expects a record loss in 2022, primarily due to losses from its portfolio holdings in Russia and Belarus, EBRD President Odile Renaud-Basso said on Wednesday.
India's Housing Development Finance Corp plans to raise funds by issuing commercial papers maturing in one year, three merchant bankers said on Thursday.
