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Earnings results
– India's Yes Bank Ltd. reported 2.06 billion rupees in consolidated net profit for the quarter ended March 31, down 44.5% year over year from 3.72 billion rupees.
– South Korea's Woori Financial Group Inc. reported a net profit of 911.33 billion won in the first quarter ended March 31, up 8.6% year over year from 839.19 billion won.
– Hong Kong Exchanges and Clearing Ltd. reported a net profit attributable to shareholders of HK$3.41 billion in the first quarter, up 28% year over year from HK$2.67 billion. The bourse operator's net revenue and other income increased 19% to HK$5.56 billion, its second best ever quarterly revenue on record, according to an exchange filing.
– The net profit of United Overseas Bank Ltd. jumped 67% to S$1.51 billion in the quarter ended March 31, from S$906 million in the same period last year. Net interest income grew 43% to S$2.4 billion from S$1.69 billion.
– Axis Bank Ltd. recorded a consolidated net loss of 53.71 billion Indian rupees in the quarter ended March 31, due to the company's acquisition of Citibank India's consumer business.
– Nomura Holdings Inc.'s net income plunged 76% year over year to ¥7.4 billion in the January-to-March quarter. Revenue was down 5% to ¥324.9 billion.
Mergers and deals
– Sumitomo Mitsui Banking Corp. plans to raise its holding in Jefferies Financial Group Inc. to 15% from 4.5% by...