World News by Wild Rose

Goldstone Capital Limited, a shareholder in Banca Monte dei Paschi di Siena SpA backed by Qatari investors, said it supports Intesa Sanpaolo SpA’s takeover bid for the Tuscan lender, emerging as the latest investor to support the deal.

The bank recorded its highest-ever net interest income of ₹1,116 crore with a growth of 37.95% on a year-on-year (y-o-y) basis.

Risk aversion is set to dominate markets in coming weeks as investors seek shelter from higher interest rates and volatility around US midterm elections and the AI trade, according to Bank of America Corp.’s Michael Hartnett.

India’s central bank said its recent derivative restrictions will only apply to deals for hedging forex risk and not for market-making, providing a clarification after sharp swings in currency forward markets.

President Daniel Chapo wants 11% of BCI, Mozambique's most important domestic bank, reserved for citizens and staff as Portugal's BPI sells its 36% stake. The post Mozambique Plans 11% Bank Stake for Citizens appeared first on The Rio Times.

Japan’s biggest bank is tentatively getting back into the country’s benchmark government bonds, even as it remains concerned that yields could further spike due to fiscal and monetary policies in the nation.

Bank of America, the second-largest US bank, failed to promptly report hundreds of millions of dollars in suspicious transactions bearing signs of Chinese money-laundering networks, US regulators said on Tuesday, announcing more than US$1.21 billion in penalties for broader anti-money-laundering and sanctions failures. The Financial Crimes Enforcement Network, or FinCEN, said the activity included large wire transfers to counterparties in China, repeated credit-card purchases at major retailers...

Hong Kong’s sole yuan clearing bank plans to issue interbank negotiable certificates of deposit in the mainland market, another step in Chinese authorities’ efforts to strengthen the city’s role as a hub for yuan business.

Billionaire banker Uday Kotak said India should allow its currency to find its own footing, arguing that uncertainty over policymakers’ intentions can keep markets guessing as global capital flows shift.

Gold jewellery worth ₹1.45 crore was recovered from Suribabu, says SP

Turkey’s state-run lenders Ziraat Bankasi and Halkbank applied for regulatory approval to transfer their Islamic banking units to a Turkey Wealth Fund subsidiary TVF Katılım Finans Yatırımları AS, according to public filings.

A Suriname lawmaker says banks still treat Marowijne district as a war zone and give small firms smaller loans at higher interest. The post Suriname Lawmaker Says Banks Limit Marowijne Loans appeared first on The Rio Times.

A selloff in shares of European banks resumed on Wednesday, with the likes of Societe Generale SA and Deutsche Bank AG tumbling more than 5%, as mounting fears over political turmoil sent bond yields higher.

Andreas Meletiou, CEO of Bakai Bank Hong Kong, says the lender chose Hong Kong for its strong links to Central Asia and its position as a leading global financial hub. He speaks on "Bloomberg: The China Show." (Source: Bloomberg)

Intesa Sanpaolo SpA’s takeover offer for Banca Monte dei Paschi di Siena SpA won the backing of the target’s biggest shareholder, boosting Chief Executive Officer Carlo Messina’s chances of clinching one of Italy’s largest bank deals ever.

Tokyo, Oct. 2 (Jiji Press)--Three regional banks based in northeastern Japan--Aomori Michinoku Bank, Bank of Iwate and Akita Bank--are moving toward talks on a management integration. Procrea Holdings Inc., parent of Aomori Michinoku Bank, as well as Bank of Iwate and Akita Bank, said Friday that they would submit proposals to begin such talks to their respective boards the same day. The ...

Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio said he’s confident shareholders in his bank as well as the two lenders he seeks to acquire will recognize the value of his twin takeover offers.

Capitec Bank Holdings Ltd.’s first-half profit and interim dividend jumped to a fresh record as higher fee and commission income at South Africa’s biggest bank by clients lifted revenue.

HSBC on Wednesday named its stablecoin offering HSBC RedCoin, paving the way for Hong Kong’s biggest lender to make the coin available to the more than 3.3 million users of its PayMe app for money transfers, shopping and dining. When launched before the end of the year, the stablecoin would be offered only through PayMe and HSBC’s Hong Kong mobile banking app, HSBC said. The bank said it was optimistic about retail usage of HSBC RedCoin, as 74 per cent of respondents to a survey of more than...

COLOMBIA · BANKING & MONEY Key Facts —The plan Revolut’s Colombian chief Diego Caicedo set out a five-year build-out on Monday 21 September: 1,000 ATMs, a customer pilot before the end of 2026 and a progressive public opening in the first half of 2027. —The licence The Superintendencia Financiera granted Revolut a full Colombian banking […] The post Revolut Colombia Plans a 2027 Launch and 1,000 ATMs: What Expats Need to Know appeared first on The Rio Times.

Societe Generale lifted its profitability target as lifted the lender’s profitability target aims to cut costs and boost investor payouts with a new strategy. The French lender increased the goal for its return on tangible equity to between 13% and 14% in 2029 and to more than 15% after that, according to a statement Monday. Bloomberg's Tom Metcalf reports. (Source: Bloomberg)