Banking

  LONDON / Reuters International financial messaging service SWIFT has directed all its client banks to share information on attacks on the system to help prevent hacking, after criminals recently used SWIFT messages to steal nearly $81 million from the Bangladesh central bank. It was reported earlier that Wells Fargo , Ecuador’s Banco del Austro (BDA) and Citibank, whose managing ...

  Bloomberg Yapi ve Kredi Bankasi AS fell most in more than 11 months after a report UniCredit SpA may sell its stake in Turkey’s fourth-largest listed lender. Yapi Kredi Bank declined 5.6 percent to 3.72 liras at close in Istanbul, the biggest decline since June 8. The stock also pared its gains for 2016 to 13.1 percent. UniCredit SA, ...

  BLOOMBERG UBS Group AG is trimming some positions at the investment bank as part of a plan to reduce costs across the business in response to a revenue slump, according to people with knowledge of the situation. At least a dozen London-based employees in the securities unit lost their jobs this week, said the people, declining to be identified ...

  BRUSSELS / Reuters The European Investment Bank (EIB) wants to make more loans outside the 28-nation European Union to help tackle the migration crisis and will present plans to European Union leaders at their next meeting in June, its president said in a recent interview. Werner Hoyer cited rules that say the bank must lend 90 percent of its ...

  Madrid / Bloomberg Spain’s state-rescued lender Bankia said it has paid out 1.2 billion euros ($1.35 billion) in compensation to small investors who bought into its failed stock market listing in 2011. The bank returned money to over 190,000 people, either through its own claims scheme or following legal challenges, it said in one of the recently released statements. ...

  Bloomberg Delinquent loans at Indian state banks are rising unabated. Surging bad debt and higher provisions to cover for them caused 10 Indian state-owned lenders to report combined losses of Rs.153 billion ($2.3 billion) for the March quarter. The latest was Punjab National Bank, which reported a wider-than-estimated loss of Rs.53.7 billion this week. State Bank of India, the ...

  Reuters The Islamic Development Bank (IDB) governors agreed on Thursday to elect Saudi Arabia’s former haj minister as its new president starting at the beginning of the Islamic year, or in October. The nomination of Bandar Hajjar, whose candidacy was endorsed by the Saudi government and the outgoing IDB President Ahmad Mohamed Ali, was uncontested during an annual meeting ...

  Reuters Egypt’s central bank held the pound steady at a regular dollar sale but said the dollars would be directed to imports of pharmaceutical products, manufacturing components, vaccines and related chemicals and infant formula. The bank sold $120 million at the price of 8.78 per dollar, unchanged from last week. That is weaker than the rate for the dollar ...

  Bloomberg For energy investors, saving energy has never been as profitable as producing it. That’s starting to change, with institutions from Deutsche Bank AG to Societe Generale SA making it bankable to squeeze more out of electricity and fossil fuels. Their efforts have the potential to channel more money into energy-saving beyond the $45 billion reaped in 2014, blunting ...

  BLOOMBERG Bank of America Corp. and Deutsche Bank AG were among five banks sued over claims that traders conspired to manipulate trading agency bonds issued by government entities and institutions like the World Bank, harming investors who bought and sold the securities. The suit by Boston Retirement System, a pension fund representing city workers, follows inquiries by US and ...