Banking
Banking
Deutsche Bank to Cut 800 Jobs After Strong First Quarter
Banking
How to Know Your Money Is Safe in an Online Bank?
Banking
Cash-Loving Germans Fret Over Exploding ATMs as Cross-Border Crime Wave Hits
Banking
Banks Need Not Be Scared to Use Humour in Ads. It Might Just Help Them
IMF’s Georgieva Sees Global Growth Below 3% in 2023, Robust Recovery ‘elusive’
Date: April 6, 2023
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain at around 3% for the next five years, Managing Director Kristalina Georgieva said on Thursday, flagging increased downside risks. That is the global lender’s lowest medium-term growth forecast since 1990, and well below...
How Banks Can Manage Climate Risks and Opportunities
Date: April 5, 2023
By Chris McClure and Gregg Anderson The global banking industry has an opportunity to play a significant role in addressing the challenges climate change presents. Banks can take proactive steps to manage climate risks and opportunities by anticipating regulatory requirements, measuring emissions, understanding the risks in their loan and investment portfolios, and playing a role...
Exclusive-U.S. Regulator Seeks Sale of Silicon Valley Bank, Signature Bank Portfolios-Sources
Date: March 31, 2023
By David French and Pete Schroeder NEW YORK/WASHINGTON (Reuters) – The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected, according to people familiar with the matter. The portfolios are comprised of low-yielding assets, such as Treasuries and...
Britain’s Digital Banks Need Support Amid Banking Turmoil – Trade Body
Date: March 31, 2023
By Elizabeth Howcroft LONDON (Reuters) – Britain’s digital banks will need support over the next few weeks and months to help them cope with the market fallout from the collapse of Silicon Valley Bank, a trade body representing UK fintechs said on Friday. Investor confidence in the global banking sector has been shaken in recent...
Spain’s Santander Reaffirms Targets in Face of Recent Market Turmoil
Date: March 31, 2023
By Jesús Aguado MADRID (Reuters) -Spain’s Santander said on Friday it was on track to meet its overall financial targets for 2023 and forecast a positive trend in lending and deposits in the first quarter as it tried to restore confidence in the battered financial sector. The bank’s 2023 targets include double-digit revenue growth, a...
Analysis-Outlook for European Banks Left Clouded as Storm Abates
Date: March 31, 2023
By Joice Alves and Naomi Rovnick LONDON (Reuters) – European banking stocks were meant to shine in 2023. But after a two-week storm which had analysts and investors rushing to rework their spreadsheets, the outlook is clouded. Before the fall of Silicon Valley Bank (SVB) on March 10, stronger than expected euro zone economic data...