Banking
Banking
BOJ Keeps Ultra-Low Rates, Gives Few Clues on When It Might Hike
Banking
Bank of England to Keep Rates Steady as Price Pressures Linger
Banking
Swedish Central Bank Cuts Policy Rate, Cautious on Easing in 2025
Banking
HSBC to Cut Best Lending Rate in Hong Kong by 12.5 Bps to 5.25%
Bank of England to Keep Rates Steady as Price Pressures Linger
Date: December 19, 2024
By David Milliken LONDON (Reuters) – The Bank of England looks set to hold interest rates at 4.75% on Thursday, despite signs of a slowing economy, as persistent inflation pressures limit it to a “gradual” approach towards cutting borrowing costs. All 71 economists polled by Reuters said rates would stay unchanged for now. Most expect...
Germany Rejects UniCredit’s Latest Commerzbank Stake Hike in Strongest Rebuke Yet
Date: December 18, 2024
By Valentina Za, Rachel More and Tom Sims MILAN/BERLIN (Reuters) -Germany rejected UniCredit’s latest Commerzbank stake increase as an “uncoordinated and unfriendly approach” on Wednesday, strongly rebuking the Italian bank. UniCredit, which angered Berlin when it emerged as Commerzbank’s biggest private investor in September, said it had raised its stake in Commerzbank to 28% using...
Factbox-ECB Sets 2025 Srep Requirements for Italian Banks
Date: December 18, 2024
(Reuters) -Italian banks have started to disclose the minimum best-quality capital requirements for 2025 set by the European Central Bank under its Supervisory Review and Evaluation Process (SREP). The SREP process provides an overall assessment of the challenges that significant lenders face, resulting in solvency requirements and other supervisory measures they are expected to comply...
HSBC Appoints Insider John Shipman as Interim CEO of Swiss Private Bank
Date: December 18, 2024
(Reuters) – HSBC on Tuesday appointed insider John Shipman as interim CEO of its Swiss Private Bank and country head of HSBC Switzerland, effective Jan. 1, 2025. Shipman succeeds Gabriel Castello, who was appointed earlier this month as interim CEO of HSBC’s global private banking, following a broader restructuring by CEO Georges Elhedery to streamline...
Hungary Central Bank Leaves Base Rate Steady for Third Straight Month
Date: December 17, 2024
By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s central bank left its base rate steady at the European Union’s joint highest level of 6.5% on Tuesday, as widely expected, with falls in the forint, a rebound in inflation and an uncertain economic outlook making policymakers cautious. S&P Global said on Thursday that central Europe’s monetary easing...
European Shares Soft, Dollar Firms Ahead of Central Bank Meetings
Date: December 17, 2024
By Samuel Indyk and Ankur Banerjee LONDON (Reuters) -European shares were mostly lower while the dollar held firm on Tuesday as traders braced for a slate of central bank meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now. The...