Italy has been examining a potential tie-up between Monte dei Paschi di Siena and Banco BPM in the past few weeks in its search for a buyer for the state-owned Tuscan bank, three people with knowledge of the matter said.
Bank of Nova Scotia (Scotiabank) reported a lower first-quarter profit on Tuesday, as a lull in its investment banking division dented income from its capital markets unit and compelled the Canadian lender to set aside higher provisions.
Bank of Montreal and Bank of Novia Scotia stockpiled rainy-day funds and reported a fall in first-quarter profit on Tuesday, as the Canadian lenders prepare for customers slipping on payments amid rising concerns of a recession.
The State Bank of India , the country's top lender, on Tuesday said it raised $1 billion via a syndicated social loan from global banks for further lending to certain kinds of socially impactful businesses in India.
Indian banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models due to reasons including a lack of clarity on how they apply to lenders, a survey conducted by an industry body on behalf of the central bank showed, said two people aware of the matter.
Swedish payments group Klarna aims to return to profit by the summer, the "buy-now, pay-later" company said on Tuesday, as it reported wider losses for 2022 but an improving performance in the fourth quarter.
Spain's Santander said it plans to return half its profits to shareholders as it announced ambitious profitability targets for the next three years, betting on customer growth and higher interest rates in Europe to boost revenue.
Oaktree Capital plans to raise $10 billion for a new fund that will help finance large private equity takeovers, the Financial Times reported on Tuesday, citing a letter sent to the U.S. asset manager's clients.
Goldman Sachs Group Inc's Chief Executive David Solomon said the company is considering "strategic alternatives" for its consumer business after admitting to stumbles over the business.
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