Bloomberg European lenders are boosting shareholder payouts a month after pandemic-related restrictions expired, with more than $5 billion in buybacks. Spain’s Banco Bilbao Vizcaya Argentaria SA said it obtained regulatory approval to repurchase 3.5 billion euros ($4.1 billion) of shares. BNP Paribas SA will start repurchasing 900 million euros of stock next month. In total, the biggest banks in the ...

Bloomberg Nomura Holdings Inc shares fall after earnings plunged and Japan’s largest brokerage took a $341 million provision for an ongoing legal case. The stock declined 7.1% in Tokyo on Monday. The firm said it’s set aside 39 billion yen for the transaction in the US that dates back to before the global financial crisis, after reporting a 95% slide ...

Bloomberg UK high street banks start raising mortgage costs ahead of the Bank of England’s interest-rate decision next week amid signs of resurgent inflation. Barclays Plc is increasing a 2-year fixed rate by 0.35 percentage point, which follows similar moves by lenders including HSBC Holdings Plc, NatWest Plc and Lloyds Banking Group Plc. The increase in borrowing costs threatens a ...

Bloomberg NatWest Group Plc beat profit forecasts in the third quarter, yet shares in the British lender fell as analysts highlighted a squeeze on loan margins and the bumpy transformation of its markets unit. The UK’s biggest corporate lender said operating profit before tax rises to $1.5 billion, almost double analyst estimates compiled by Bloomberg. While demand for home loans ...

Bloomberg Barclays Chief Executive Officer Jes Staley is stepping down amid a UK regulatory probe into how he characterised his ties to the financier Jeffrey Epstein. Staley, 64, is leaving, according to a statement. CS Venkatakrishnan, who was promoted last year to run the Barclays markets division and was previously chief risk officer, will replace him as CEO. The bank ...

Bloomberg Stocks fluctuated as traders assessed corporate earnings and economic data, with the Federal Reserve getting ready to wind down stimulus. The S&P 500 was little changed as losses in technology shares offset gains in commodity and retail firms. The Dow Jones Industrial Average earlier touched the 36,000 level for the first time. A gauge of small caps climbed about ...

Bloomberg Japanese stocks jumped after the ruling coalition secured an election victory that was better than many had expected, paving the way for the administration of Fumio Kishida to begin enacting economic stimulus. The benchmark Topix gained 2.2%, the most since September 24, while the blue-chip Nikkei 225 Stock Average climbed 2.6%, the most since June 22. Utilities were among ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has directed granting Golden Visas to “frontline heroes” and their families. Those eligible include the families of fallen frontline heroes, and distinguished individuals whose extraordinary efforts helped protect the nation and its people throughout ...

ABU DHABI / Emirates Business Abu Dhabi Islamic Bank (ADIB), a leading Islamic bank in the region, delivered a strong set of financial results for the first nine months of 2021. Net profit surged 43% year-on-year to AED 1,602 million from AED 1,121 million in the same period last year. The growth in net profit reflects the strong underlying performance ...

ABU DHABI / WAM The Ministry of Energy and Infrastructure, through the Sheikh Zayed Housing Programme, announced the delivery of newly constructed homes to 1,726 UAE nationals across Dubai, Ras Al Khaimah and Ajman. Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the programme will continue offering eligible Emirati citizens keys to their new homes, as ...