Catastrophe modeling firm Karen Clark & Company (KCC) said on Thursday it expects insured losses of $2.4 billion from the devastating dual Kahramanmaras earthquakes that hit Turkey earlier this month.
Dutch insurer NN Group reported on Thursday a higher than expected solvency ratio and gave an upbeat assessment of sales trends, offsetting a decline in its 2022 operating profit.
Large Russian banks' share of government debt purchases dropped to 59.5% in January, the central bank said on Thursday, down from 90.7% towards the end of 2022, as the finance ministry stopped issuing floating-rate bonds popular with lenders.
An adviser to the European Union's top court on Thursday backed in an opinion Polish borrowers with Swiss franc-denominated mortgages in a long-running case that the country's regulator has warned could cost the country's banks 100 billion zlotys ($22 billion).
India's Housing Development Finance Corp raised its target of 250 billion rupees ($3.03 billion) in the country's largest privately placed corporate bond issue on Thursday, merchant bankers said.
The G20's Financial Stability Board (FSB) said on Thursday it would take steps to tackle "vulnerabilities" and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year.
Payments giant PayPal Holdings Inc wants buy-now-pay-later (BNPL) loans subjected to consumer protection law, it said in a submission to the Australian government, adding a powerful voice from inside the sector calling for regulation.
Standard Chartered raised its performance goals, unveiled a new $1 billion share buyback and produced a 28% rise in annual profit as global interest rate rises bolstered its lending revenues.
South Korea's biggest financial groups saw their share prices fall on Thursday as investors interpreted a call from the president to share more profit with society as amounting to the strongest political pressure in years.
