Santander has renewed its criticism of the City watchdog after its compensation bill for the UK motor finance scandal climbed above £460 million, as the bank’s Spanish parent pressed ahead with a surprise $12 billion takeover in the United States. The UK arm of Santander said it had set aside a further £183 million to […]
IndusInd Bank Ltd. is preparing a sweeping overhaul to boost profitability and cleaning up underperformance, as its new chief executive officer seeks to boost return on assets following a governance shakeup. The impact of the IndusInd scandal has dragged on its profitability, leaving the lender’s return metrics well below peers. (Bloomberg) The restructuring—expected within days—will […]