Banking
Banking
FTSE 100 Rises on Energy Boost; US Election in Focus
Banking
Citi Hires Top Dealmaker Jeff Stute From Perella to Bolster Healthcare M&A Ranks
Banking
Hsbc, Barclays and StanChart Jostle for US Banking Riches, Unruffled by White House Race
Banking
Czech Central Bank Likely to Continue Rate Cuts, Analysts Say: Reuters Poll
BOJ Should Wait at Least Six Months for Rate Hike, Says Opposition Kingmaker
Date: November 1, 2024
By Makiko Yamazaki, Takaya Yamaguchi and Tim Kelly TOKYO (Reuters) -The Bank of Japan should wait for at least six months before hiking interest rates, until there are signs of sustainable wage gains above inflation, the head of the opposition party that the ruling LDP is courting for support said. There should be no significant...
Resolvability Key to UBS Capital Requirements, Minister Says
Date: October 31, 2024
ZURICH (Reuters) – How much capital UBS needs to hold under new stability measures being considered by Swiss authorities will depend on the resolvability of the bank, Finance Minister Karin Keller-Sutter said on Thursday. UBS is currently waiting to see what rules are adopted under a set of “too big to fail” proposals sketched out...
Bis to Leave Cross-Border Payments Platform Project mBridge
Date: October 31, 2024
(Reuters) – The Bank for International Settlements is leaving the cross-border payments platform Project mBridge, which can be taken forward by the central banks behind it, BIS General Manager Agustin Carstens said on Thursday. Project mBridge, a collaboration launched in 2021 between the BIS and the central banks of China, Hong Kong, Thailand and the...
Spain’s Caixabank Appoints Tomas Muniesa as Non-Executive Chairman
Date: October 30, 2024
By Jesús Aguado MADRID (Reuters) – The deputy chairman of Caixabank, Tomas Muniesa, will succeed Jose Ignacio Goirigolzarri as chairman of Spain’s biggest lender by domestic assets, it said on Wednesday, confirming an earlier Reuters report. The reshuffle comes as Europe’s lenders seek to adapt to a changing market environment, with margins under pressure from...
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...