Danske Bank A/S admitted to fraud and will pay $2 billion to end a long-running US probe into money laundering at its Estonia branch, helping draw a line under the worst scandal in the bank’s recent history.
US lawmakers have introduced legislation that could cut Huawei Technologies Co. and other foreign firms from the world’s largest financial system, in the latest attempt to curb China’s technological ambitions.
Chinese leaders are planning to proceed with a closely watched economic policy meeting in Beijing this week, opting not to postpone the gathering as Covid infections surge across the capital, according to people familiar with the matter.
GoTo Group sold a stake in Indonesian convenience store operator Alfamart to focus on its main internet businesses and assuage investor concerns.
In a year that’s seen the worst slump in initial public offerings since the financial crisis, investment bankers covering deals in the Middle East are busier than ever.
As global banks from Credit Suisse Group AG to Goldman Sachs Group Inc. prepare for a fresh wave of job cuts, HSBC Holdings Plc is going on the offensive.
Paytm shares fell after the Indian fintech announced a buyback of as much as 8.5 billion rupees ($103 million), offering little respite to a stock down 75% since listing on bourses last year.
Abu Dhabi funds led by ADQ are in talks to buy a stake worth about $855 million in Israeli financial services firm Phoenix Group as the United Arab Emirates expands into the country after normalizing ties two years ago.
Asian currencies are set to cap one of their biggest two-month rallies on record, and Goldman Sachs Group Inc. predicts that more gains are in store for the region’s low yielders.
A reopening-led rout in China’s bond market is pushing up borrowing costs for banks, increasing focus on Thursday’s central bank plans to ensure there is enough cash in the financial system for the medium-term.
