Canada's big bank results are expected to bring to light a number of challenges as lenders set aside more funds for bad loans in a tough economy that has also led to a slowdown in dealmaking and forced borrowers to rethink about new mortgages.
India's Jio Financial Services (JFS) slid 5% for a second straight day on Tuesday, triggering an exchange rule that will delay its removal from the country's benchmark indexes.
S&P Global followed Moody's in cutting its credit ratings and outlook on multiple U.S. regional banks on Monday, saying higher funding costs and troubles in the commercial real estate sector will likely test the credit strength of lenders.
U.S. brokerage firm Charles Schwab said on Monday it plans to lower its headcount in a bid to counter cost pressures, joining a list of Wall Street firms take a similar path.
Latin American corporate card provider Clara has launched cross-border transactions, the company announced on Monday, expecting to move up to $100 million by the end of the year.
The sharp increase in investor equity allocations to U.S. stocks since the start of the year still has room to expand before breaching historical norms, suggesting that there may be more fuel left for the bull market, Goldman Sachs said.
American workers' expectations for pay surged in July, even as those same workers foresee a modestly less robust job market, said a survey released Monday by the Federal Reserve Bank of New York.
Wells Fargo won the dismissal of a lawsuit accusing the fourth-largest U.S. bank of defrauding shareholders by touting its commitment to hiring diversity while its managers were conducting sham interviews of non-white and female job candidates.
Indian banks may continue their fundraising spree in the next few months by issuing Basel III-compliant and infrastructure bonds as they rush to meet rising credit demand and lock in funds at cheaper rates, analysts said.
Liquidity in India's banking system is likely to remain in deficit in the second half of this financial year as credit growth picks up and the circulation of currency notes rises, analysts said.
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