Bloomberg Overseas-Chinese Banking Corp (OCBC) said it made $10.1 million in goodwill payouts to 790 customers who fell prey to an text message phishing scam impersonating the lender. About 80% of the amount lost occurred during December 23-30 festive period, at which time calls to the bank’s contact center surged by over 40%, OCBC said. A previous figure that ...

  Bloomberg UBS Group AG increased its share buyback program and upgraded key profit and efficiency targets after rising capital market and trading revenues drove better-than-expected results at the investment bank. Switzerland’s largest lender, which also beat analyst forecasts for profit and revenue, will buy back as much as $5 billion of shares this year, almost doubling its total buyback ...

  Bloomberg SumUp is considering raising new money in a funding round that could value the UK payments company at about 20 billion euros ($22.6 billion), according to people familiar with the matter. London-based SumUp could seek more than 500 million euros from investors, the people said, asking not to be identified as the matter is private. A fundraising of ...