Bloomberg Congressional Democrats added to pressure on President Joe Biden to kick Jair Bolsonaro out of the country, even as US officials stick to a wait-and-see approach in hopes that the former Brazilian president will make good on a promise to return home on his own. In a letter dated Thursday, 46 congressional Democrats urged Biden to remove Bolsonaro …

Bloomberg Bank of America Corp (BofA) reported an increase in net interest income as the lender benefits from rate hikes, and its traders beat analysts’ estimates, reaping the benefits of dramatic market swings spurred by the higher rates, soaring inflation, recession fears and global political turmoil. Net interest income, the revenue collected from loan payments minus what depositors are paid, …

  Bloomberg Asia’s major banks are seeing a widening gap between ESG leaders and laggards, as regulators in the region ramp up scrutiny of sustainable finance, according to WWF-Singapore. While leading banks in Singapore and Malaysia made headway on implementing their environmental and social risk policies in 2022, over half of the 46 regional lenders surveyed made “little to no …