Banking
Banking
Putting to Rest the Myths About Offshore Banking
Banking
World Stocks Hit 3-week Lows, Oil Rises on Russia-Ukraine Fears
Banking
Barclays Lines up Anna Cross as First Female Finance Chief – Sky News
Banking
UniCredit Brings All Italian Corporate Services Under One Roof
Don’t Create Booms and Busts With post-Brexit Reforms, Bank of England Says
Date: February 22, 2022
By Huw Jones LONDON (Reuters) – Requiring regulators to keep the financial sector globally competitive following Brexit must not bring back the damaging booms and busts of the past, a senior Bank of England official said on Monday. Britain’s finance ministry has said it will add a formal objective for the central bank and the Financial Conduct Authority to...
Currency Markets Nervously Eye Ukraine Headlines, Take Heart From Possible Summit
Date: February 21, 2022
By Alun John HONG KONG (Reuters) – Currency markets started the week nervously eying tensions in eastern Europe, with the safe-haven yen not far from a two-week high while the euro was on edge given the energy security and economic implications for Europe of a war in Ukraine. “Russia-Ukraine tensions are starting to dominate risk...
Credit Suisse Denies Wrongdoing After Client Data Leaked to Media
Date: February 21, 2022
VIENNA (Reuters) – Credit Suisse said on Sunday it “strongly rejects” allegations of wrongdoing after dozens of media published results of coordinated, Panama Papers-style investigations into a leak of data on thousands of accounts held there in previous decades. One person leaked the information on the accounts ranging from the 1940s to the 2010s to...
Commerzbank Sees Strong 2022 as Quarterly Profit Trounces Estimate
Date: February 18, 2022
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) – Commerzbank swung to better than expected fourth-quarter and annual net profit despite a major overhaul, the German lender said on Thursday and painted a rosy picture for its 2022 outlook. Profit this year will exceed 1 billion euros ($1.14 billion), Commerzbank said, beating analyst forecasts. It added that...
Swiss Companies Are Not Hoarding Cash, Central Bank Says
Date: February 18, 2022
ZURICH (Reuters) – Swiss companies are not stockpiling cash in their strongrooms and offices to avoid being hit by negative interest rates, a Swiss National Bank (SNB) survey released on Thursday showed. The SNB has charged commercial banks a negative rate of minus 0.75% since January 2015 as part of its strategy to weaken demand for the safe-haven...
Yen Bid, Bitcoin Battered as Ukraine Fears Leave Traders Nervous
Date: February 18, 2022
By Alun John HONG KONG (Reuters) – The safe-haven yen gained more ground on the dollar on Friday as U.S. President Joe Biden said Moscow is preparing a pretext to justify a possible attack on Ukraine, also supporting the Swiss franc and hurting bitcoin. The dollar slipped to a new two-week low of 114.78 yen...