Brazilian financial exchange operator B3 (B3SA3.SA), posted on Thursday an 8.8% decrease in its fourth-quarter net profit from a year earlier, as slower equities activity hit its revenue and its costs rose.
Banks that work with financial technology companies to offer banking services should be actively managing risks associated with those relationships, a leading U.S. bank regulator said Wednesday.
Climbing costs at HSBC (HSBA.L), have added to growing investor concerns about how big banks manage their expenses, putting executives under pressure to quickly address spending.
Banks should be setting aside recent bumper profits to provision for clients defaulting on loans as the impact of higher interest rates feeds into the economy, according to the president of the country’s regulator.
Concerns have been raised as three towns are set to lose a mobile banking service.