Bloomberg The US will likely reinstate a Trump-era policy by mid-November requiring asylum seekers who cross the southern border to return to Mexico, the Biden administration told a federal judge. The Department of Homeland Security (DHS) has made “substantial progress” towards restarting the Migrant Protection Protocols (MPP), which force asylum seekers from Central and South America to wait in Mexico ...

Bloomberg Emmanuel Macron is leading in the run-up to the first round of French presidential elections in April with 25% to 27% support and will likely face a far-right candidate in a decisive runoff vote, according to a poll by Ifop-Fiducial for Le Figaro newspaper. The survey of voting intentions published on Saturday shows National Rally candidate Marine Le Pen ...

Bloomberg UK Home Secretary Priti Patel ordered a review of police security for members of Parliament after Conservative MP David Amess was fatally stabbed at a meeting in his constituency. The attack revives questions about the safety of lawmakers meeting face-to-face with residents in their districts, usually with little security. A 25-year-old UK national was arrested on suspicion of murder, ...

Bloomberg Bank of America Corp (BofA) beat analysts’ earnings estimates as fees climbed at the company’s dealmaking unit, boosted by a record-breaking period for mergers and acquisitions. Investment-banking advisory fees rises 65% to a record $654 million in the third quarter as a combination of cheap financing for buyers and attractive valuations for sellers spurred a wave of takeovers. Overall ...

Bloomberg China’s inflation risks are “controllable” and while rising costs may hurt small businesses, authorities have increased support for those types of firms, central bank officials said. Sun Guofeng, head of the monetary policy department, said at the briefing in Beijing on Friday that producer price inflation will remain elevated in the short term before falling toward the end of ...

Bloomberg Italy is in talks to inject at least $5.6 billion into Banca Monte Paschi di Siena SpA ahead of a sale of the troubled lender to UniCredit SpA. The finance ministry, which controls Monte Paschi, is considering a cash infusion for the Tuscan bank through a rights offering that would allow minority shareholders to opt out of the increase, ...

Bloomberg JPMorgan Chase & Co.’s expenses will probably climb in 2022 as a surging investment-banking business and other revenue gains translate into higher compensation costs. “We pay for performance,” Chief Financial Officer Jeremy Barnum said on a conference call with analysts. “Realistically, expenses are going to be up next year.” Even so, compensation growth has been lower than some analysts ...

Bloomberg Banco Santander SA could eventually bring staff back to the office most of the time, according to Ana Botin, executive chair of the Spanish bank. “We’re looking at 60% to 70% in person, 30% to 40% remote. That, I would say, is the range of options we’re considering,” Botin said during the Institute of International Finance annual membership meeting, ...

Bloomberg HDFC Bank Ltd.’s quarterly profit rises 18%, buoyed by strong loan growth, as the coronavirus pandemic’s economic fallout waned. Net income for the quarter ended September stood at 88.3 billion rupees ($1.17 billion), compared to 75.1 billion rupees a year ago, according to an exchange filing on Saturday. That beat the average estimate of 86.50 billion rupees by analysts ...

Bloomberg Wells Fargo & Co beat analysts’ expectations for third-quarter profit as Chief Executive Officer Charlie Scharf makes progress on his turnaround efforts, but shares declined as expenses were higher than anticipated and loans fell. The bank reported net income rose to $5.1 billion, padded by a $1.7 billion reserve release, according to a statement. Still, the firm took a ...