State Bank of India Sees Profit Beat Amid Lending Income Growth
State Bank of India plans to more than double the pace of new branch openings this year after posting profit that surpassed estimates on rising lending income.
State Bank of India plans to more than double the pace of new branch openings this year after posting profit that surpassed estimates on rising lending income.
BFF Bank SpA plunged as much as 32% on Friday, the most on record, after Bank of Italy ordered a temporary halt on profit distribution and expansion abroad as a result of a probe into the Italian specialty finance company.
Stocks rallied on earnings optimism and US data that supported the case for interest-rate cuts. A raft of Federal Reserve speakers are slated for Friday as traders await a key US inflation print next week.
A Hong Kong court has ruled in favor of creditors in cases involving a controversial credit protection mechanism popular among China’s borrowers, reviving the hopes of investors trying to claw back funds on defaulted bonds.
Banco Bilbao Vizcaya Argentaria SA’s hostile takeover for Banco de Sabadell SA breaks the law, the smaller rival said, ratcheting up the heat in an increasingly bitter corporate battle.
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