J.P. Morgan has become the latest major bank struggling to find Russian stocks linked to some client investments, adding to fears for investors still hoping to recoup some value from stranded assets in the country.
The world's largest credit data company Experian on Thursday posted a 5% revenue rise for the first quarter as strong growth in Latin America and demand for portfolio analysis offset the impact of reduced lending.
Large companies are spreading out their counterparty risk and increasing screening of their banking partners in response to the recent banking crisis that has been a "wake-up call", according to an industry survey to be released on Thursday.
HSBC is building up its green finance and bond teams in China to meet surging demand, two sources with knowledge of the matter told Reuters, as Europe's biggest bank presses on with expansion in the country despite geopolitical tensions.
India's largest private lender HDFC Bank on Thursday said it has signed up over 100,000 customers and 170,000 merchants in pilot programmes using the central bank digital currency (CBDC).
The CEOs of Australia's two biggest banks said on Thursday a tight labour market was keeping late home loan repayments below historic levels even after a year of rising interest rates, but warned that living costs would squeeze the economy through 2023.
Qingdao city in China's debt-laden Shandong province has set up a company to bail out its cash-strapped local government financing vehicles (LGFVs), sources said, as regional governments rush to reduce debt risks in a wobbly economy.
Cleveland Federal Reserve President Loretta Mester said on Wednesday that the U.S. central bank's new real-time money moving system is being designed in a way that should help ensure financial stability should bank stress arise.
Morgan Stanley has hired veteran investment banker Daniel Cohen from Truist Financial Corp , where he was the head of the firm's healthcare services advisory business, a person familiar with the matter said on Wednesday.
Banks are showing a growing willingness to rework the terms of U.S. commercial real estate loans to prevent defaults, mitigating near-term losses but also masking growing stress in some parts of the market.
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