Banking
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
Banking
BOJ Should Wait at Least Six Months for Rate Hike, Says Opposition Kingmaker
Banking
Resolvability Key to UBS Capital Requirements, Minister Says
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...
Raiffeisen Cuts Return on Equity Guidance Due to Polish Mortgage Loans Provisions
Date: October 30, 2024
(Reuters) -Austria’s Raiffeisen Bank International (RBI) has cut its return on equity (ROE) guidance for this year, excluding its Russian and Belarusian businesses, the lender said on Tuesday. It now expects a consolidated return on equity of around 7.5% in 2024, compared with the 10% forecast previously, as it booked 493 million euros ($533...
Santander CEO Says More Than 1,400 UK Bank Jobs Being Cut
Date: October 29, 2024
MADRID (Reuters) – Santander will have cut more than 1,400 jobs from its British business by the time it completes an ongoing cost-cutting round, the Spanish bank’s CEO Hector Grisi said on Tuesday. Grisi did not give an exact timeline of when the previously announced round of lay-offs had been carried out, but said “1,425...