Banking
Banking
World Bank Raises China’s GDP Forecast for 2024, 2025
Banking
Navigating the Future of Banking: Insights From Producers Savings Bank
Banking
Exclusive-Mexico Central Bank Could Weigh Rate Cut of 25 or 50 Bps in February, Deputy Governor Says
Banking
World Bank Raises China’s GDP Forecast for 2024, 2025
Euro Zone Bond Yields Rise to One-Month High
Date: December 24, 2024
By Harry Robertson LONDON (Reuters) -Euro zone government bond yields rose to their highest level in around a month on Monday as investors continued to try to gauge the outlook for central bank rate cuts in 2025. The Federal Reserve last week put upward pressure on U.S. government bond yields, which set the tone for...
Italy Demands Full Disclosure From UniCredit Over Bpm Bid, Sources Say
Date: December 23, 2024
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy wants UniCredit to disclose full terms of its proposed takeover of smaller rival Banco BPM under “golden power” rules EU governments can use to screen investments in strategic sectors, sources said. Asking not to be named, two people familiar with the matter said the government...
How Secretive Swiss Sought to Keep a Lid on the Credit Suisse Crisis
Date: December 20, 2024
By John O’Donnell, Stefania Spezzati and Dave Graham LONDON/BERN (Reuters) – Secret meetings, mistrust among officials and attempts to downplay the gravity of Credit Suisse’s problems hamstrung Switzerland in the run-up to the bank’s collapse in 2023, an inquiry by lawmakers found on Friday. Almost two years after the implosion of the country’s second-largest bank,...
Italy’s Banco Bpm Strikes Deal With Unions on 550 Hirings, 1,100 Early Retirements
Date: December 20, 2024
MILAN (Reuters) – Italy’s Banco BPM has struck a deal with trade unions on 550 new hirings in exchange for 1,110 voluntary early retirements, the FABI banking sector union said on Thursday. (Reporting by Andrea Mandala, writing by Alvise Armellini, editing by Gavin Jones)...
US Tariffs Would Hit Hungary’s Growth, Boost Inflation, Central Bank Says
Date: December 19, 2024
By Gergely Szakacs BUDAPEST (Reuters) – New tariffs U.S. President-elect Donald Trump has pledged to impose on European Union imports would hit Hungary’s economic growth and boost inflation, the National Bank of Hungary (NBH) said in its quarterly inflation report on Thursday. Germany is expected to be more affected by any U.S. tariffs than other...
Norway Keeps Rates on Hold, Eyes Three Cuts in 2025
Date: December 19, 2024
OSLO (Reuters) -Norway’s central bank held its policy interest rate unchanged at a 16-year high of 4.50% on Thursday, as expected, and said it now planned to cut rates three times in 2025, down from four cuts seen previously. “The committee judges that a restrictive monetary policy is still needed to stabilise inflation around target,...