Banco BPM sets 2030 emission targets for carbon-intensive sectors
Banco BPM (BAMI.MI), opens new tab has set medium-term emissions targets for 2030 in some of the most carbon-intensive sectors it lends money to, […]
Mozambique ex-finance minister convicted in US over ‘tuna bonds’ scandal
A former Mozambique finance minister was convicted on Thursday on U.S. criminal charges over his alleged involvement in a fraud involving $2 billion in […]
Zurich Insurance tops profit forecast, catastrophe losses weigh on shares
Zurich Insurance (ZURN.S), opens new tab posted a record first-half operating profit on Thursday and said it was on track to beat its 2025 […]
Barclays scraps EU bonus cap for senior bankers
Barclays (BARC.L), opens new tab has become the latest bank to substantially raise a cap on bonuses for its top bankers, an internal memo […]
Biotech firm Recursion to buy smaller peer Exscientia for $688 million
Recursion Pharmaceuticals (RXRX.O), opens new tab, a biotech firm which uses artificial intelligence to discover new drug candidates, has agreed to buy smaller […]
KBC upbeat on interest income as loan demand picks up
Belgian bank KBC (KBC.BR), opens new tab on Thursday raised its 2024 growth forecasts for lending and net interest income (NII) after they drove […]
Lender Banco do Brasil posts 8% rise in second-quarter adjusted profit
State-controlled lender Banco do Brasil (BBAS3.SA), opens new tab reported on Wednesday 8.2% year-on-year growth in its second-quarter adjusted net profit. The bank posted […]
Traders lose billions on big volatility short after stocks rout
A wager that stock markets would stay calm has cost retail traders, hedge funds and pension funds billions after a selloff in […]
US consumer watchdog probes major US banks over Zelle scam, WSJ reports
The Consumer Financial Protection Bureau is investigating major U.S. banks for their handling of customer funds on the peer-to-peer payments platform Zelle […]
UK wealth manager Quilter’s half-year profit beats forecasts
British wealth manager Quilter (QLT.L), opens new tab beat half-year earnings forecasts on Wednesday and reported stronger net inflows of cash, as more wealthy […]
ABN Amro cautious on NII growth into 2025 amid expected rates decrease
Dutch lender ABN Amro (ABNd.AS), opens new tab said on Wednesday it does not see a significant positive trend in net interest income into […]
Lender Itau Unibanco reports higher profit, credit acceleration
Brazil’s Itau Unibanco (ITUB4.SA), opens new tab, Latin America’s largest private lender, on Tuesday posted second-quarter profit that was up 15.2% from a […]