Puerto Rico will be allowed access to
$8.2 billion in blocked disaster aid funding by the U.S.
Department of Housing and Urban Development (HUD), Politico
reported https://politi.co/2FPxFb3 on Wednesday, citing people
familiar with the matter.
Spain's Banco Sabadell
has hired IBM for a 1 billion euro ($1.11 billion)
overhaul of its IT systems over the next ten years, Miguel
Montes, the bank's director of operations and people, said on
Lebanese MP Ali Bazzi, citing the
country's parliament speaker, said on Wednesday that work was
underway to protect bank deposits amid a financial crisis that
has shaken confidence in the country's banks.
Italian bank Monte dei Paschi
launched a 400 million euro ($446 million) bond issue
on Wednesday, fulfilling commitments under its bailout agreement
and coming after Moody's acknowledged the lender's progress on
BlackRock Inc, the world's
largest asset manager, beat analysts' estimates for quarterly
profit on Wednesday, as more money rolled into its cash
management business and exchange-traded funds amid concerns of
slowing global growth.