banking
Banking
ECB rate cut of 25 bps possible, not more, ECB’s Holzmann tells paper
Banking
Bankers prepare for globalisation ‘reset’ in second Trump presidency
Banking
Central banks extend easing cycle in November as uncertain 2025 looms
Banking
StanChart targets $200 billion in new wealth assets over next five years
Italy’s biggest bank Intesa says all tech issues resolved
Date: December 3, 2024
MILAN (Reuters) – Intesa Sanpaolo has resolved all technical issues that made it difficult for clients to access its home banking app on Monday, a spokesperson for Italy’s biggest bank said, after users reported problems with the services earlier in the day. “All access channels are back to normal,” the spokesperson told Reuters. “Pension payments...
PZU considers selling Alior Bank stake to Pekao under new strategy
Date: December 2, 2024
By Rafal Wojciech Nowak GDANSK (Reuters) -Poland’s top insurer PZU said on Monday it was considering selling its 32% stake in Alior Bank to Pekao, in which it holds 20%, as it seeks to simplify its structure under a new 2025-2027 strategy. PZU and Pekao, Poland’s second biggest lender, have signed a letter of intent...
ECB’s Lane says bank should focus on future risks for policy decisions, FT reports
Date: December 2, 2024
(Reuters) – The European Central Bank should make future monetary policy decisions based on upcoming risk rather than the latest economic data, ECB chief economist Philip Lane told the Financial Times in an interview published on Monday. “Once … the disinflation process (is) completed, then I think monetary policy needs to be essentially forward-looking, and...
UBS capital requirements should be proportionate, minister says
Date: December 2, 2024
ZURICH (Reuters) -Capital requirements set for UBS under new banking regulations should be “proportionate”, as Switzerland attempts to strike a balance between financial sector competitiveness and protecting taxpayers, Finance Minister Karin Keller-Sutter said. Swiss authorities are weighing up how to overhaul banking rules in a bid to prevent a repeat of the 2023 collapse of...
Unwelcome in Germany, UniCredit CEO zeroes in on Italy
Date: November 29, 2024
By Tom Sims, John O’Donnell and Valentina Za MUNICH/FRANKFURT/MILAN (Reuters) – Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of fierce resistance to his interest in German flagship lender Commerzbank. A group of customers from Germany’s corporate elite pleaded with Commerzbank’s CEO to reject...
Bank of England warns of risks from rise in global trade barriers
Date: November 29, 2024
By William Schomberg, Lawrence White and Suban Abdulla LONDON (Reuters) -The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation, potentially causing volatility in financial markets and pushing up borrowing costs for businesses and consumers. Without specifically referring to the victory of Donald Trump in...