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IDBI Bank’s Rs 52,878cr Fairfax deal clears Cabinet, but ownership transfer is not final
India's Cabinet has selected Fairfax Financial Holdings Limited's Canadian subsidiary to acquire 60.72% of IDBI Bank at â‚ą81 per share. The transaction could become India's largest financial-sector foreign investment, but regulatory approvals, funding and the proposed integration of insurance and capital markets businesses remain unresolved.
Robert Walters has 8% fewer employees but higher fees. Is its restructuring finally working?
Robert Walters plc ended September with 2,772 employees, down 8% from a year earlier, yet third-quarter net fees increased 1% and fee income per fee earner rose 8%. The results provide unusually direct evidence of productivity improving after aggressive cost and workforce actions, although Europe remains weak and the recruiter is still expected to post a full-year operating loss.
Westpac (ASX: WBC) plans 102 job cuts in Risk, Institutional Banking and Finance reset
Westpac Banking Corporation is consulting on a restructuring affecting 174 positions across Risk, Institutional Banking and Finance, including 102 proposed redundancies and 72 moves into comparable roles. The cuts arrive while the Australian bank remains strongly capitalised and profitable, turning the workforce action into a test of whether simplification can lower structural costs without weakening risk oversight or institutional banking execution.
AMP Platforms (ASX: AMP) inflows climb 20% to A$1.5bn as wealth assets reach A$168bn
AMP has reported stronger investment platform inflows, improving superannuation retention and continued capital returns, although its banking loan portfolio continues contracting as management prioritises balance-sheet efficiency.
Bank of Queensland profit surges 88% to A$250m as cash earnings decline
Bank of Queensland has reported a sharp recovery in statutory profit and stronger capital reserves, but falling mortgage balances, higher credit impairment charges and weaker underlying earnings leave its FY27 turnaround dependent on renewed lending growth.
LSEG’s $3.5bn Octus talks test whether private-credit data can justify a 9x sales valuation
London Stock Exchange Group is discussing a roughly $3.5 billion acquisition of Octus, adding proprietary private-credit intelligence to a data business already being rebuilt around artificial intelligence. The strategic fit is clear, but an implied valuation near nine times sales and a sharp negative share-price reaction show investors want evidence that scarce private-market data can generate returns matching the price.
Bank of America stock near $50: Does a $1.2bn fine justify a $27bn selloff?
Bank of America shares have lost approximately $27 billion in market value after a major anti-money-laundering enforcement action and disappointing quarterly earnings. With the stock near $50, investors face a valuation question that extends beyond the regulatory fine to sustainable profitability, compliance costs and returns on tangible equity.
Commonwealth Bank (ASX: CBA) reports A$11bn cash profit as AI investment and mortgage pressures shape outlook
Commonwealth Bank of Australia's 2026 annual general meeting has highlighted the lender's strong earnings, customer growth and expanding artificial intelligence investments while management warns that high inflation and interest rates are affecting household finances.
Fletcher Building (ASX: FBU) reports stronger construction materials volumes as residential earnings weaken
Fletcher Building has reported improved first-quarter sales volumes across most of its building products businesses, but weakness in residential development and continuing uncertainty around construction activity leave its earnings recovery uneven.
Aegis Logistics (NSE: AEGISLOG) shares jump 7% on $809m Tristar acquisition deal
Aegis Logistics Limited has agreed to acquire 89.8% of Dubai-based Tristar Holdings, gaining access to a global energy logistics business with $1.4 billion in annual revenue. The transaction promises scale and diversification, but financing, deferred payments and the final asset perimeter will determine its financial impact.