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Banco BPM weighs sale, tie up for payments unit

  Bloomberg Banco BPM SpA is considering a possible sale or partnership for its payments unit, as Italy’s third-largest bank shifts strategy in a bid to maximise shareholder value. “We are examining all the options for our merchant-acquiring business, including a disposal or a joint venture agreement,” Chief Financial Officer Edoardo Ginevra said. “In past Banco BPM’s moves to value ...

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BofA’s Moynihan sees strong demand for green debt

  Bloomberg Demand for green bonds and other financing tied to climate and environmental projects is growing and should expand further, said Bank of America Corp.’s (BofA) chief Brian Moynihan. “It’s a pretty amazing thing to see how much capital is coming in, and yet we’re getting started,” Moynihan said at the IIF Sustainable Finance Summit. “You’re going to see ...

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RBI allows HDFC to resume new digital initiatives

  Bloomberg HDFC Bank, the country’s largest private sector bank by assets, said India’s banking sector regulator had lifted restrictions on the launch of new digital business-generating activities. “We are fully committed to ensuring continued adherence to the highest standards of compliance with RBI recommendations,” HDFC Bank said in a statement Saturday, adding the Reserve Bank of India had notified ...

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