Raiffeisen Bank International's shares suffered their worst daily drop since the onset of the Ukraine war on Monday, after news that the Austrian lender has drawn the attention of U.S. sanctions officials over its Russian business.
Australia's Link Administration Holdings (Link Group) said on Monday that it is in advanced discussions to settle a probe into its UK-based Link Fund Solutions (LFS) unit and to sell the firm to Dublin-based Waystone Group.
China's banking regulator and the central bank plan to adopt a more differentiated regulatory system for assessing commercial banks' capital adequacy and risk management, in a step to better prevent risks in the country's financial system.
France's AMF market regulator has given its banks and members eighteen months to find new ways to settle India-based trades amid a stand-off between Indian financial regulators and the European Securities Market Authority (ESMA), it said in a statement on Friday.
A former Credit Suisse banker, who was convicted and sentenced to prison in Romania for a decade for alleged espionage in 2013, has lost an attempt to revive an $86 million London claim against the Swiss bank for lost earnings.
U.S.-based investment firm BlackRock said on Friday it would join a new sovereign debt roundtable set up to accelerate progress on stalled relief efforts for distressed countries, with Britain's Standard Chartered also joining, according to sources.
NatWest warned on Friday that rising interest rates may not deliver the long-lasting earnings bonanza investors hope for, even though profit jumped by 33% last year.
Financial sanctions against Russia have strangled its banks' profits and wrecked many lenders' international operations, but one year after Moscow sent its troops into Ukraine how much do they matter for average Russians?
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