By Jesús Aguado MADRID (Reuters) -Lower lending income and one-off charges were responsible for a loss of 18 million euros ($20.33 million) at Spanish lender Unicaja in the fourth quarter, despite an increase in fees. In a defensive deal closed at the end of July to protect itself from the pressure of ultra low interest …
Spanish lender Unicaja Q4 books loss on falling lending income Read More »
By Toby Sterling AMSTERDAM (Reuters) -ING Groep NV reported higher-than-expected provisions in its fourth quarter earnings report on Thursday, as the largest Dutch bank braced for the impact of higher inflation on customers. ING reported a 27% rise in fourth-quarter pretax profit to 1.33 billion euros ($1.50 billion), slightly below analyst forecasts of 1.47 billion …
ING shares dip 4% after earnings; provisions rise on inflation worries Read More »
(Reuters) -An Australian court has ordered RI Advice Group Pty Ltd, a former unit of Australia and New Zealand Banking Group, to pay A$6 million ($4.28 million) in penalty for “inappropriately advising clients”, the country’s securities regulator said on Thursday. The action relates to a case where the Australian Securities & Investments Commission (ASIC) alleged …
Former ANZ unit fined $4.3 million for “inappropriately” advising clients Read More »
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Julius Baer remained upbeat on Wednesday about a pickup in client activity despite reporting a slowdown in the latter half of 2021, which raised some concerns about its outlook going forward. Despite reporting 55% full-year profit growth and a significant uplift to proposed shareholder payouts, shares fell 6.1% in …
Julius Baer upbeat on client activity despite slower second half Read More »
ZURICH (Reuters) – UBS Chief Executive Ralph Hamers said on Tuesday he expects to see more local mergers and acquisitions than cross-border consolidation in the European banking industry. “Cross-border mergers in banks have only worked to a certain extent,” Hamers said after the bank’s fourth-quarter results, adding that the capital and liquidity benefits involved had …
UBS CEO expects more local bank consolidation than European deals Read More »
MADRID (Reuters) -Spanish bank Ibercaja has postponed an initial public offering (IPO) because of the volatility in international markets, the bank said on Tuesday in a filing to the Madrid market regulator. Ibercaja’s board “agreed to wait until the markets return to a situation of normality before continuing with its IPO,” the bank said. A …
Spanish bank Ibercaja postpones IPO due to market volatility Read More »
PARIS (Reuters) -French bank Societe Generale and Dutch rival ING said they were discussing the possibility of serving ING’s online banking customers in France via SocGen’s Boursorama, after ING’s decision to quit the French market. “Following ING’s decision to exit the French retail banking market, Societe Generale announces that Boursorama has signed a Memorandum of …
SocGen and ING in talks over using SocGen’s Boursorama for ING retail customers Read More »
(Reuters) – Building material maker Boral Ltd will return A$3 billion ($2.12 billion) to its shareholders using mostly proceeds from the sale of several North American businesses that helped it refocus on the domestic market. Shares of the Australia-listed company rose 6.8% to A$6.27 in the biggest intraday percentage gain since June 2021. The cash …
Australia’s Boral to return A$3 billion to shareholders, shares rise Read More »
BERLIN (Reuters) – Czech billionaire Daniel Kretinsky is set to accept a takeover offer for Germany’s Aareal Bank from three financial investors, according to a source. The buyout group, which includes United States-based Advent International, Canadian pension fund CPPIB and Centerbridge Partners, reported an acceptance rate of 26.99% on Monday. That includes a call option …
Czech billionaire set to accept Aareal takeover offer – source Read More »
By Simon Jessop LONDON (Reuters) – NextEnergy Capital said on Monday it had raised a record $896 million for its NextPower III ESG fund, focused on solar infrastructure investments in OECD countries – its biggest private fund to date. While larger solar-focused funds may exist with a more restrictive geographic focus, the firm said its …
NextEnergy Capital raises record $896 million for solar infrastructure fund Read More »
