banking
Banking
Bank of England readies new rate cut as budget hangs over outlook
Banking
Credit Agricole’s shares fall as Q3 revenue misses forecasts
Banking
Worldline enlists bankers to sell its Mobility division, sources say
Banking
Commerzbank seeks to fend off UniCredit as both banks hike targets
Global central bank easing cycle grinds along in October
Date: November 6, 2024
By Karin Strohecker and Sumanta Sen LONDON (Reuters) – The global monetary easing cycle ground along in October, with central banks across developed and emerging economies lowering interest rates ahead of the year’s biggest geopolitical event, the U.S. election. Three of the four central banks overseeing the 10 most heavily traded currencies that held meetings...
Wells Fargo has tripled political spending with state groups over past decade
Date: November 5, 2024
By Douglas Gillison (Reuters) – Over the past decade, Wells Fargo has tripled donations to groups focused on influencing state elections as the retail banking giant tries to sway local level policymaking, according to public data and a bank spokesperson. While the billions of dollars Wall Street and tech moguls have poured into Tuesday’s federal...
FTSE 100 rises on energy boost; US election in focus
Date: November 4, 2024
By Pranav Kashyap and Nikhil Sharma (Reuters) -The UK’s benchmark FTSE 100 rose marginally on Monday, helped by energy shares, while cautious investors braced for the U.S. presidential election and a potential interest rate cut by the Bank of England (BoE) later this week. The blue-chip FTSE 100 was up 0.1% at 8,184.24 points by...
Citi hires top dealmaker Jeff Stute from Perella to bolster healthcare M&A ranks
Date: November 4, 2024
By Sabrina Valle NEW YORK (Reuters) – Jeff Stute, a veteran investment banker with a career spanning three decades at Perella Weinberg Partners and JPMorgan Chase, is joining Citigroup as a vice chair focused on healthcare mergers in North America, according to a memo seen by Reuters. The move is expected to bolster Citi’s healthcare...
HSBC, Barclays and StanChart jostle for US banking riches, unruffled by White House race
Date: November 1, 2024
By Lawrence White and Sinead Cruise LONDON (Reuters) – Britain’s big global lenders HSBC, Barclays and Standard Chartered are vying to tap into a boom in U.S. commercial banking as corporate America seeks expertise for international expansion plans. At stake is a growing pool of U.S. commercial banking revenues, which reached $429 billion in 2023...
Czech central bank likely to continue rate cuts, analysts say: Reuters poll
Date: November 1, 2024
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to deliver an eighth straight interest rate cut next week as economic growth is expected to stay weak and inflation holds near target, a Reuters poll showed on Friday. The central bank has slowed the pace of the easing campaign it started...