Fund managers in India have been jumping into a “lucrative” arbitrage trade ahead of a mega-merger that will see the nation’s largest private sector lender HDFC Bank Ltd. absorb its parent Housing Development Finance Corp.
Listen to The Big Take podcast on iHeart, Apple Podcasts, Spotify, Terminal.
The Federal Reserve’s stress test is usually the most dreaded part of Wall Street firms’ annual capital planning. This year, it’s just the first hurdle to clear as regulators explore more stringent requirements on banks in the aftermath of several lender collapses.
Source: Bloomberg, 00:01:50
The European Union reached a tentative deal Tuesday on toughening up capital rules for banks to help prevent a repeat of the taxpayer-funded bailouts that followed the 2008 financial crisis.
Russia’s main crude grade is still selling well below international benchmarks — and a Group of Seven-imposed price cap — but a huge amount of money for delivering it continues to go into the hands of mystery middlemen.
Russia’s Wagner Group has played a central role in a campaign of killings, torture and rape in the Central African Republic and has driven civilians away from areas where its affiliated companies have been awarded mining rights, US nonprofit the Sentry said in a report.
UBS Group AG Chief Executive Officer Sergio Ermotti said employees will get more clarity on reporting lines in the coming weeks, after the Swiss lender made several key appointments following its takeover of Credit Suisse Group AG.
Inflation in UK shops dipped this month, offering a glimmer of hope to ministers and central bankers struggling to contain the country’s cost-of-living crisis.
It’s the red sea, but not as you know it. Residents in Japan’s southern city of Nago on the island of Okinawa awoke Tuesday to find an area of usually clear blue water had turned a gruesome shade of red.
