Banking

Image for Barclays says Bank of England to hold rates in December meeting

Banking

Barclays Says Bank of England to Hold Rates in December Meeting

Image for The rising threat of scams: as new regulation comes into force, can banks afford not to protect consumers?

Banking

The Rising Threat of Scams: As New Regulation Comes Into Force, Can Banks Afford Not to Protect Consumers?

Image for Bank of England cuts rates again, sterling higher

Banking

Bank of England Cuts Rates Again, Sterling Higher

Image for Belgian bank KBC’s Q3 profit beats view on net interest income boost

Banking

Belgian Bank KBC’s Q3 Profit Beats View on Net Interest Income Boost

Image for Bank of England readies new rate cut as budget hangs over outlook

Bank of England Readies New Rate Cut as Budget Hangs Over Outlook

Date: November 7, 2024

By Andy Bruce LONDON (Reuters) – The Bank of England is likely to cut interest rates on Thursday for only the second time since 2020 but the big question for investors is whether the BoE sends a signal about its subsequent moves after the government’s inflation-raising budget. The BoE has had almost a week to...

Image for Credit Agricole’s shares fall as Q3 revenue misses forecasts

Credit Agricole’s Shares Fall as Q3 Revenue Misses Forecasts

Date: November 6, 2024

By Mathieu Rosemain PARIS (Reuters) – Credit Agricole SA shares fell nearly 6% after the French bank reported mixed quarterly results, marked by record investment banking sales, a slightly smaller-than-expected drop in earnings and a surprise fall in insurance revenues. Bank-wide third-quarter revenue also missed estimates, dragged down by its consumer finance and insurance businesses....

Image for Worldline enlists bankers to sell its Mobility division, sources say

Worldline Enlists Bankers to Sell Its Mobility Division, Sources Say

Date: November 6, 2024

By Florence Loeve, Amy-Jo Crowley and Mathieu Rosemain PARIS/LONDON (Reuters) – Worldline has appointed banking advisers to sell its Mobility and e-Transactional Services (MTS) business, five people familiar with the matter said, as the company looks to rebuild investor confidence with its shares near record lows. The plan to offload MTS, known internally as “project...

Image for Commerzbank seeks to fend off UniCredit as both banks hike targets

Commerzbank Seeks to Fend Off UniCredit as Both Banks Hike Targets

Date: November 6, 2024

By Tom Sims and Valentina Za FRANKFURT/MILAN (Reuters) – Germany’s Commerzbank raised some financial targets and said its plan for growth was working as it tries to fend off a possible takeover by Italy’s UniCredit, which reported another forecast-beating quarter on Wednesday and hiked its own profit goal. The third-quarter numbers are the first since...

Image for Global central bank easing cycle grinds along in October

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...

Image for Wells Fargo has tripled political spending with state groups over past decade

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...