Norway's Financial Supervisory
Authority (FSA) found significant shortcomings in DNB's
compliance with anti-money laundering regulations during a
late-2018 inspection, the bank regulator said in a report
released on Wednesday.
Italian President Sergio Mattarella
begins two days of talks with parties on Wednesday to seek a way
out of a political crisis that will lead to the formation of the
country's 67th government since World War Two or to early
European shares rebounded from the
previous session's sharp falls on Wednesday, with brokers
pointing to an Italian report on continuing merger talks between
Fiat Chrysler Automobiles and Renault SA as
pushing car industry shares higher.
Merging lenders OneSavings and
Charter Court Financial reported bigger loan books for
the first half, but warned of the impact on housing and credit
from Britain's fast approaching exit from the European Union.
Japanese government bond yields
declined across the curve on Wednesday, along with U.S.
Treasuries, after concerns about Italy's government and
Britain's tumultuous exit from the European Union fuelled demand
for safe-haven assets.
Car dealership chain Inchcape Plc
on Wednesday named Unilever veteran and former
finance chief of Dutch car leasing company LeasePlan Corporation
NV Gijsbert de Zoeten as chief financial officer in
place of Richard Howes.
Lender OneSavings, which is
merging with rival Charter Court Financial, reported a
higher first-half underlying profit, thanks to a strong loan
book, though net interest margin shrank further amid pricing