Banking
Banking
Italy and African Development Bank Sign $420 Million Co-Financing Deal
Banking
Global Billionaire Wealth Leaps, Fueled by US Gains, UBS Says
Banking
Deutsche Bank CEO Says German Economy Needs ‘urgent’ Action
Banking
Norway Should Begin Process of Divesting Russian Assets, Central Bank Says
ECB Rate Cut of 25 Bps Possible, Not More, ECB’s Holzmann Tells Paper
Date: December 4, 2024
VIENNA (Reuters) – It is “conceivable” that the European Central Bank will cut interest rates by 25 basis points at its next rate-setting meeting this month but not more, ECB policymaker Robert Holzmann said in a newspaper interview published on Wednesday. Investors expect the ECB to cut interest rates at every one of its upcoming...
Bankers Prepare for Globalisation ‘reset’ in Second Trump Presidency
Date: December 3, 2024
By Lawrence White and Sinead Cruise LONDON (Reuters) -Globalisation is being reset by U.S. President-elect Donald Trump’s trade tariff threats and worries about regulatory arbitrage between Wall Street banks and their international rivals, senior bankers said on Tuesday. Trump said last month he would impose a 25% tariff on all products from Mexico and Canada,...
Central Banks Extend Easing Cycle in November as Uncertain 2025 Looms
Date: December 3, 2024
By Karin Strohecker and Sumanta Sen LONDON (Reuters) – Monetary easing by central banks across developed and emerging economies trundled along in November with markets warily gearing up for a new year that could bring tectonic shifts to the global policy making backdrop. Four of the six central banks overseeing the 10 most heavily traded...
StanChart Targets $200 Billion in New Wealth Assets Over Next Five Years
Date: December 3, 2024
By Lawrence White LONDON (Reuters) – Standard Chartered will target $200 billion in new assets and double digit growth in income from its wealth business over the next five years, it said on Tuesday, as part of a wider strategy to shift to higher fee-earning businesses. The statement from the bank expands on ambitions it...
Italy’s Biggest Bank Intesa Says All Tech Issues Resolved
Date: December 3, 2024
MILAN (Reuters) – Intesa Sanpaolo has resolved all technical issues that made it difficult for clients to access its home banking app on Monday, a spokesperson for Italy’s biggest bank said, after users reported problems with the services earlier in the day. “All access channels are back to normal,” the spokesperson told Reuters. “Pension payments...
Pzu Considers Selling Alior Bank Stake to Pekao Under New Strategy
Date: December 2, 2024
By Rafal Wojciech Nowak GDANSK (Reuters) -Poland’s top insurer PZU said on Monday it was considering selling its 32% stake in Alior Bank to Pekao, in which it holds 20%, as it seeks to simplify its structure under a new 2025-2027 strategy. PZU and Pekao, Poland’s second biggest lender, have signed a letter of intent...