banking
Banking
BOJ should wait at least six months for rate hike, says opposition kingmaker
Banking
Resolvability key to UBS capital requirements, minister says
Banking
BIS to leave cross-border payments platform Project mBridge
Banking
Spain’s Caixabank appoints Tomas Muniesa as non-executive chairman
SNB developing new banknote series as sees cash here to stay
Date: October 30, 2024
By John Revill BERN (Reuters) -The Swiss National Bank will develop a new banknote series, the central bank said on Wednesday, underscoring the country’s love affair with physical money despite the rise of mobile payment apps and cashless payments. Around one in three payments in Switzerland is made with cash, the SNB said, adding it...
UK raises minimum wage by 6.7% in boost for workers, despite employer unease
Date: October 30, 2024
By Andy Bruce (Reuters) – Britain’s minimum wage for most adults will increase by 6.7% from April next year, a boost for low-paid workers but a concern for employers who are finding it harder to implement such rises. Finance minister Rachel Reeves announced the increase on the eve of delivering her first budget, which...
Raiffeisen cuts return on equity guidance due to Polish mortgage loans provisions
Date: October 30, 2024
(Reuters) -Austria’s Raiffeisen Bank International (RBI) has cut its return on equity (ROE) guidance for this year, excluding its Russian and Belarusian businesses, the lender said on Tuesday. It now expects a consolidated return on equity of around 7.5% in 2024, compared with the 10% forecast previously, as it booked 493 million euros ($533...
Santander CEO says more than 1,400 UK bank jobs being cut
Date: October 29, 2024
MADRID (Reuters) – Santander will have cut more than 1,400 jobs from its British business by the time it completes an ongoing cost-cutting round, the Spanish bank’s CEO Hector Grisi said on Tuesday. Grisi did not give an exact timeline of when the previously announced round of lay-offs had been carried out, but said “1,425...
Thai government, central bank to keep inflation target for 2025
Date: October 29, 2024
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) -Thailand’s government has agreed with the central bank to maintain the current 1% to 3% inflation target for 2025, in return for assurances the bank will support its fiscal policy and help jumpstart growth, the finance minister said on Tuesday. The central bank has insisted the present...
Santander third-quarter lending income hit by lower rates
Date: October 29, 2024
By Jesús Aguado MADRID (Reuters) -Lending income at Spain’s Santander came under pressure in the third quarter from lower euro zone interest rates though a drop in loan loss provisions and costs helped it book a record quarterly profit. Santander, like other banks, had benefited from a period of higher interest rates, while growth in...