Bank of Nova Scotia, Canada’s third- biggest lender by assets, said fiscal first-quarter profit rose 6.5 percent on higher earnings from wealth management and domestic consumer lending. The company increased its dividend 3.2 percent to 64 cents.
Russia raised its main interest rate the most since 1998 as the currency plunged to a record and investors pulled money from the stock market on concern that President Vladimir Putin will invade Ukraine.
Royal Bank of Canada, the country’s second-largest lender by assets, beat analysts’ estimates after posting a 2.2 percent increase in profit that was helped by lower provisions and credit recoveries. The company raised its dividend 6 percent.
Akbank TAS, part owned by Citigroup Inc., is seeking to boost lending to small and medium-sized enterprises by 50 percent this year as Turkish banks pin their hopes on small businesses as the economy cools.
Illinois Attorney General Lisa Madigan opened an investigation of loan servicing complaints against SLM Corp., the student lender known as Sallie Mae, amid growing scrutiny of education debt, her spokeswoman said.
European stocks rose for a sixth day, their longest winning streak this year, as companies from ING Groep NV to Societe Generale SA posted profit that beat estimates, and a report showed Chinese exports surged.