The New Development Bank created by BRICS countries in 2015 can help finance African countries' projects to tackle their most urgent challenges, the bank's president Dilma Rousseff said on Thursday.
Switzerland's financial regulator looked into the risk of money laundering at 30 banks this spring, FINMA said in an analysis published on Thursday, after identifying shortcomings in the area.
Blackstone's newly established China unit has received regulatory approval to raise funds that will be invested overseas, joining other global asset managers in seeking to tap Chinese investor demand for foreign assets.
China's securities regulator on Thursday granted approval to Allianz Global Investors (Allianz GI) to set up an onshore fund management company as Beijing vowed to step up efforts to attract foreign companies amid sluggish economic growth.
Asia-focused insurer AIA Group Ltd on Thursday reported a 37% rise in the value of its new business in the first-half, beating estimates, as sales rebounded in its key markets mainland China and Hong Kong after the lifting of pandemic restrictions.
Colombia's banks have called on the country's central bank to tackle liquidity issues amid lower-than-expected government spending and compliance with international regulatory framework Basel III, which strengthens bank risk management.
Investors shrugged off a slump in the shares of Charles Schwab to pile into the firm's bond offering on Tuesday, in a sign of renewed confidence in the credit fundamentals of at least some regional banks after the March banking crisis.
Goldman Sachs , JPMorgan Chase , Morgan Stanley and UBS have reached a $499 million settlement of an antitrust lawsuit by investors who accused them of conspiring to stifle competition in the stock lending market.
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