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Jyske Bank to buy Handelsbanken’s $10b Danish unit

  Bloomberg Jyske Bank agreed to buy the Danish unit of Svenska Handelsbanken, in what is potentially the biggest bank deal in Denmark in two decades. Jyske will pay a cash consideration to be determined at the closing, plus a premium of $420 million for the unit which has assets of almost $10 billion, the banks said in statements on ...

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India seeks to globalise payment systems, keep processing local

  Bloomberg The Reserve Bank of India (RBI) will support internationalisation of the country’s popular unified payments interface (UPI) digital payments system, part of its vision for the coming years. “Enhanced interest evinced by major countries across the globe in India’s UPI could accelerate growth in trade and commerce with partnering countries while reducing speed and cost of remittances,” the ...

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Bank of Japan should stick to easing policy: Kishida

  Bloomberg Prime Minister Fumio Kishida said the Bank of Japan’s (BOJ) policy of monetary easing should remain on track for now, considering the negative impact a change would have on smaller companies. Monetary policy “should be judged comprehensively by taking into account the trends of the economy as a whole,” Kishida said on a Fuji Television network program. “A ...

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