 | | | | New bank lending in China is expected to have plunged in October from the prior month, but the yuan loans are likely to be higher than a year earlier, a Reuters poll showed, as the central bank treads warily on policy easing amid stagflation concerns. | | | | | | British insurer Direct Line posted a marginal rise in quarterly gross premiums on Tuesday, helped by growth in its commercial and roadside services, although tighter regulations and lower car sales weighed on its motor and travel units. | | | | | | HSBC Holdings Plc is ahead of its hiring targets for its Chinese retail wealth management business and is exploring re-entering India's private banking business, senior executives said, as part of its plan to make Asia and wealth key pillars of growth. | | | | | | A U.S. regulator is calling on the leaders of large banks to more seriously assess and manage their risk to climate change, including exposure to a possible carbon tax. | | | | | | Asset management firm Blue Owl , which specializes in buying stakes in alternative money managers and direct lending, is hiring an executive from Blackstone Group's hedge fund and private equity stakes business. | | | | | | Egypt's central bank has approved regulations designed to allow people to make instant electronic payments between bank accounts using their mobile phones, it said in a statement on Monday. | | | | | | Tanzania's central bank said it would target indiciduals and government officials in new measures to reduce non-performing loans. | | | | | | Kenya's Equity Group Holdings said on Monday it had launched a 500 billion shilling ($4.48 billion) loan programme to help small and medium-sized businesses to recover from the effects of the COVID-19 pandemic. | | | | | | China's Ant Group said on Monday that it is making efforts to "differentiate" part of its short-term consumer loan business Jiebei, as it pursues a Beijing-led restructuring aimed at reining in some of its freewheeling businesses. | | | | | | Just two months after MSCI introduced its China mega-cap index, the first exchange-traded funds (ETFs) tracking the new index began trading in China on Monday, armed with $4 billion, matching the money tracking the long-established FTSE China A50. | | | | | |
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