banking
Banking
Banco BPM rebuffs UniCredit bid, saying it undervalues bank
Banking
ECB’s Villeroy: Trump policies impact on euro inflation to be limited
Banking
UK regulators propose more relaxed rules on bankers’ bonuses
Banking
Credit Agricole has not applied to ECB to cross 9.9% holding in Banco BPM, spokesperson says
ECB will keep cutting rates and focus shifting to growth, VP says
Date: November 26, 2024
FRANKFURT (Reuters) – The European Central Bank will keep cutting interest rates as inflation falls and its focus is slowly shifting to growth, which is proving fragile, ECB Vice President Luis de Guindos told a Finnish newspaper. “Concerns about high inflation have shifted to economic growth,” Helsingin Sanomat quoted de Guindos as saying. “The trajectory...
UBS on track to fully own China securities joint venture
Date: November 26, 2024
BEIJING/HONG KONG (Reuters) -One of UBS’s joint venture partners in China will sell its entire holding in a securities company, paving the way for the Swiss bank to fully own a sizeable securities brokerage in the world’s second-largest economy. Beijing State-owned Asset Management (BSAM) plans to auction off a 33% stake in the joint venture,...
HSBC sustainability chief leaves after executive committee role dropped
Date: November 25, 2024
By Lawrence White LONDON (Reuters) – HSBC’s chief sustainability officer, Celine Herweijer, has stepped down, the bank said on Monday, weeks after a management reshuffle removed her role from the lender’s executive committee. Herweijer will leave to pursue new opportunities, the bank said, having played a pivotal role in shaping its climate policy. Her role...
UniCredit CEO rules out moving headquarters to Germany in Commerzbank deal
Date: November 22, 2024
By Valentina Za MILAN (Reuters) – UniCredit CEO Andrea Orcel on Friday ruled out moving the bank’s headquarters to Germany if it acquires Commerzbank, adding the Italian lender would wait for a new government in Berlin before any potential bid. Speaking at the JPMorgan European Financials Conference in London, Orcel said “No” when an investor...
Adani Group could find funding harder after US indictment as banks review credit
Date: November 22, 2024
By Scott Murdoch and Tom Westbrook (Reuters) -Gautam Adani’s conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme. Some global banks are considering temporarily halting fresh credit to...
Italian firms’ profitability could fall as growth slows, central bank says
Date: November 22, 2024
MILAN (Reuters) – Italy’s high borrowing costs and weakening economic growth could reduce the profitability of its companies in the near future, especially those with a high debt load, the Bank of Italy said on Friday. Rome has been struggling with modest growth this year which, combined with still high European Central Bank interest rates,...