banking
Banking
Bank of England to keep rates steady as price pressures linger
Banking
Germany rejects UniCredit’s latest Commerzbank stake hike in strongest rebuke yet
Banking
Factbox-ECB sets 2025 SREP requirements for Italian banks
Banking
HSBC appoints insider John Shipman as interim CEO of Swiss Private Bank
Hungary central bank leaves base rate steady for third straight month
Date: December 17, 2024
By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s central bank left its base rate steady at the European Union’s joint highest level of 6.5% on Tuesday, as widely expected, with falls in the forint, a rebound in inflation and an uncertain economic outlook making policymakers cautious. S&P Global said on Thursday that central Europe’s monetary easing...
European shares soft, dollar firms ahead of central bank meetings
Date: December 17, 2024
By Samuel Indyk and Ankur Banerjee LONDON (Reuters) -European shares were mostly lower while the dollar held firm on Tuesday as traders braced for a slate of central bank meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now. The...
Investor allocations to US equities at record high, to cash at record low, BofA says
Date: December 17, 2024
LONDON (Reuters) – Investor allocations to U.S. equities has hit a record high this month, at the expense of European stocks, commodities and cash, according to a December survey from BofA Global Research. This shift, according to a survey of 171 participants with $420 billion of assets under management, is on the back of U.S....
UK pay growth speeds up, adding to worries for Bank of England
Date: December 17, 2024
By William Schomberg and Suban Abdulla LONDON (Reuters) -British pay rose by more than expected in the three months to October, official data showed on Tuesday, prompting investors to further rein in bets on Bank of England interest rate cuts next year, despite warning signs of a slowdown in the economy. Average weekly earnings, excluding...
Asian shares waver, dollar firms ahead of central bank meetings
Date: December 17, 2024
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks wobbled while the dollar held firm on Tuesday as traders braced for a slate of central bank meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now. Bitcoin, the best-known and the...
French central bank trims growth outlook on political drama
Date: December 17, 2024
PARIS (Reuters) – France’s economy will grow more slowly than expected in the next two years as its home-grown political turmoil adds to the global volatility weighing on activity, the central bank forecast on Monday in its quarterly outlook. After growth of 1.1% this year, the euro zone’s second biggest economy will expand 0.9% in...