credit-risk-management
Top StoriesWhy a $1.5 Trillion Source of Corporate Financing Is Choking on Higher Rates
Top StoriesAudit Finds Holes in ECB’s Management of Bank Credit Risk
Top StoriesExplainer-What Are Credit Default Swaps and Why Are They Causing Trouble for Europe’s Banks?
Top StoriesHSBC Signals Rate Rise Profit Windfall Has Peaked Even as Payouts Rise
ECB to Raise Scrutiny of Banks’ Credit Risk, Funding in 2023 as Recession Looms
Date: December 12, 2022
FRANKFURT (Reuters) – The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding, it said on Monday while outlining its 2023 priorities as the euro zone heads into a likely recession and faces soaring borrowing costs. The 19-country currency bloc is facing the double whammy of sky-high inflation and...
Exclusive-Credit Suisse Overhaul Draws Scrutiny From Some Investors, Proxy Adviser Over Governance
Date: November 11, 2022
By Pamela Barbaglia, Oliver Hirt and Michael Shields LONDON/ZURICH (Reuters) – Credit Suisse’s recent decision to exit certain investment banking activities is drawing scrutiny from at least two investors and a proxy adviser who told Reuters they are worried about how the Swiss bank managed potential conflicts of interest of two directors. The move to...
BBVA’s Higher Provisions and Costs Overshadow Third-Quarter Beat
Date: October 28, 2022
By Jesús Aguado MADRID (Reuters) – Higher loan-loss provisions at Spain’s BBVA and a rise in costs in some emerging markets overshadowed higher than expected third-quarter earnings, sending its shares lower on Friday. Higher lending income and profits in Mexico, its main market, helped the country’s second-biggest lender by market value to post a 31%...
Mastercard’s Dim Forecast Clouds Profit Beat on Travel Demand
Date: October 27, 2022
By Niket Nishant and Manya Saini (Reuters) – Mastercard Inc on Thursday pushed back against worries of a slowdown in consumer spending after a weaker-than-expected forecast for revenue growth for the last three months of the year overshadowed an upbeat quarter for the U.S. card firm. Shares slipped 1% after the company said it expects...
Credit Suisse Bonds Hit Record Lows
Date: October 3, 2022
LONDON (Reuters) – Euro-denominated bonds issued by Credit Suisse dropped to record lows on Monday, reflecting market concern about the Swiss bank as it finalises a restructuring programme due to be announced on Oct. 27. The embattled lender’s longer-dated bonds suffered the sharpest declines. The 2032 issue lost more than 7 cents to dip below...
Exclusive-Credit Suisse Sounds Out Investors About Capital Hike -Sources
Date: September 22, 2022
By Oliver Hirt FRANKFURT (Reuters) -Credit Suisse is sounding out investors for fresh cash, two people familiar with the matter said, approaching them for the fourth time in roughly seven years as it attempts a radical overhaul of its investment bank. The bank started in recent weeks to speak to investors about the move, the...