Bloomberg Intesa Sanpaolo SpA is cutting risk-weighted assets by as much as €20 billion ($21.6 billion) after the European Central Bank (ECB) faulted the lender’s calculations of how much risk it faces. The Italian bank, which comfortably exceeds its capital requirements, is carrying out the reduction via the sale of loans and other assets. It’s also looking at so-called ...

  Bloomberg ICICI Bank Ltd. reported 34% growth in profit, helped by surprise improvement in interest margin as lenders in the country continue to report stellar performance, backed by rising demand for loans. Net income was 83.1 billion rupees ($1 billion) in the quarter ended December compared with 61.9 billion a year ago, the company said in a statement. That ...

  Bloomberg Morgan Stanley elevated 184 employees to managing director, a smaller number of promotions to the firm’s top rank from last year. A record 38% are women, pushing the share of female MDs at the New York-based firm up to 24%, according to a person with knowledge of the matter. Of the US-based employees who were promoted, 5% are ...