Banks

Swedbank said on Monday its chief risk officer was leaving as the Swedish bank's new CEO revamps its structure to regain customer trust after a money laundering scandal sent its shares down 40% in the past year.

HSBC has named Georges Elhedery and Greg Guyett as co-heads of the global banking and markets division, which contains the lender's troubled investment banking business, as part of a reshuffle under interim Chief Executive Noel Quinn.

Frankfurt prosecutors have dropped an investigation into two Deutsche Bank employees accused of aiding tax evasion through a former Virgin Islands unit, although they have fined the lender for compliance lapses.

A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity.

State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world's biggest flotation by raising more than Alibaba's $25 billion (£19.49 billion) listing in 2014.

JPMorgan Chase & Co began internal discussions that would lead to immunity from prosecution over a troubled Australian capital raising two years before two rivals were charged with criminal cartel behaviour, a court heard on Thursday.

Postal Savings Bank of China said investors had opted out of paying for 3% of shares on offer in its Shanghai listing - a rare development that underscores growing concerns over problems in China's banking system.

National Australia Bank lowered its 2020 forecast for Australia's benchmark interest rate on Wednesday, citing sluggish economic growth and a lack of fiscal support, making it the last of the country's big four banks to turn dovish.

UniCredit promised 8 billion euros (£6.87 billion) in dividends and share buybacks on Tuesday in a bid to revive its sickly share price, although profit at Italy's top bank will barely grow despite plans to shed 9% of its staff.