Orix Corp., Japan’s most acquisitive financial firm, is considering bidding for Standard Chartered Plc’s consumer credit unit in Hong Kong, according to two people with knowledge of the matter.
In a victory for banks, global financial regulators backed away from earlier guidelines that the firms had warned would destabilize the $693 trillion derivatives market.
The British markets regulator is opening an investigation into how banks set and monitor fees for customers who exceed overdraft limits, after finding that many pay too much.
Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on March 19.
Consumer borrowing in the U.S. rose more than forecast in February, reflecting the biggest gain in automobile, school and other non-revolving loans in a year.
Carrefour SA fell in Paris trading, snapping a five-day winning streak, after the family owners of department store chain Galeries Lafayette acquired a 6.1 percent stake in France’s biggest retailer.
The International Monetary Fund and World Bank will hold their spring meetings in Washington as finance ministers and central bankers from the Group of 20 plan a parallel gathering.
Two months after TCS Group Holding Plc founder Oleg Tinkov called investors “irrational” for punishing his stock, the rout is deepening.
The U.K.’s financial markets watchdog will review how credit-card companies treat distressed borrowers as it takes over responsibility for regulating consumer credit.
Saudi Arabian bank profits are set to rise as record demand for consumer credit supplants slower corporate lending in the Arab world’s biggest economy.
Stone, Cochrane on What Matters in Beige Book
Beemer on Consumer Credit; Magnusdottir On E-Commerce
Heymann Says GE to Raise Dividend, Create Spinoff
Elliott Says Consumer Deleveraging Ending