capital-and-liquidity
BankingBelgian Bank KBC’s Q3 Profit Beats View on Net Interest Income Boost
Top StoriesAirbus to Cut up to 2,500 Jobs in Defence and Space
Top StoriesTrafigura’s First-Half Net Profit Falls in Calmer Market
Top StoriesBioNTech Says 90% of 2024 Revenues Will Accrue at End of Year
Evonik Says Recovery Unlikely in 2024, Plans 2,000 Job Cuts
Date: March 4, 2024
Evonik says recovery unlikely in 2024, plans 2,000 job cuts (Reuters) – German chemicals group Evonik Industries said on Monday it expected no signs of a recovery in 2024 and announced up to 2,000 job cuts worldwide by 2026 in a bid to cut costs. The job cuts are expected to lead to reduction costs...
Basf Dials up Cost Cuts in Germany, Flags Earnings Rebound
Date: February 23, 2024
BASF dials up cost cuts in Germany, flags earnings rebound By Ludwig Burger FRANKFURT (Reuters) -Germany’s BASF will slash another 1 billion euros ($1.1 billion) in annual costs at its Ludwigshafen headquarters, citing weak demand and high energy costs in its home market, highlighting the country’s economic woes. The annual cost savings will be reached...
Lme CEO Aims to Have First Contracts With Shanghai Futures Exchange in 2024
Date: January 18, 2024
LME CEO aims to have first contracts with Shanghai futures exchange in 2024 By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – The London Metal Exchange (LME) aims to have pilot contracts using prices from the Shanghai Futures Exchange (ShFE) this year, its chief executive told Reuters on the sidelines of the World Economic...
Baer Says Exposure to Single Group Tops 600 Million Francs, as Signa Crisis Deepens
Date: November 27, 2023
Baer says exposure to single group tops 600 million francs, as Signa crisis deepens ZURICH (Reuters) -Julius Baer, which has been expected to write down some loans to troubled property group Signa, said on Monday it has nominal exposure totalling 606 million Swiss francs ($684.36 million) to a European conglomerate. The 606 million francs was...
Italy’s Finance Minister Evokes Default Risk to Defend Bank Measures
Date: November 15, 2023
Italy’s finance minister evokes default risk to defend bank measures By Giuseppe Fonte ROME (Reuters) -Italian Economy Minister Giancarlo Giorgetti evoked the risk of a “default crisis” on Tuesday to justify allowing banks to boost their reserves instead of paying a contested windfall tax. The Italian government shook investor confidence in August with a surprise...
UK Bank Regulator Still Pressing for Metro Plan by Monday – Source
Date: October 9, 2023
UK bank regulator still pressing for Metro plan by Monday – source By Elisa Martinuzzi, Pablo Mayo Cerqueiro and Iain Withers LONDON (Reuters) -Britain’s Prudential Regulation Authority (PRA) is still working with embattled Metro Bank to present a plan by Monday morning that would see the lender bolster its balance sheet or find a buyer,...