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Death of Former Pope Benedict Overshadows New Year at Vatican
Date: January 2, 2023
By Philip Pullella VATICAN CITY (Reuters) -Pope Francis marked the Roman Catholic Church’s traditional World Day of Peace on Sunday but the start of the new year at the Vatican was overshadowed by the death of his predecessor, Benedict. Francis presided at a Mass in St. Peter’s Basilica as the body of Benedict, who died...

Latin Securities S.A. Agente De Valores and Latin Securities S.A. Corredor De Bolsa Win Prestigious Awards in the 2022 Global Banking & Finance Awards®
Date: December 20, 2022
Global Banking and Finance Review is pleased to announce Latin Securities S.A. Agente de Valores as the 2022 Global Banking & Finance Awards® winner Best Private Wealth Management Company Latin America 2022 and Latin Securities S.A. Corredor de Bolsa as the 2022 Global Banking & Finance Awards® winner Best Private Wealth Management Company URUGUAY 2022...

Uniper Boss Tells Investors to Back German Bailout or Risk All
Date: December 19, 2022
FRANKFURT/BERLIN (Reuters) -Germany’s Uniper called on shareholders to approve a bailout and nationalisation that will cost the government more than 50 billion euros ($53 billion), warning that it will otherwise have to consider filing for insolvency. Chief Executive Klaus-Dieter Maubach said ahead of an extraordinary shareholder meeting on Monday that the disarray caused by the...

Bis Warns of $80 Trillion of Hidden Fx Swap Debt
Date: December 5, 2022
By Marc Jones LONDON (Reuters) – The Bank for International Settlements (BIS) has warned that pension funds and other ‘non-bank’ financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps. Dubbed the central bank to the world’s central banks, the BIS raised the concerns in...

UK Asset Managers Urge Company Bosses to Show Restraint on Pay Hikes
Date: November 10, 2022
By Huw Jones LONDON (Reuters) – Britain’s asset managers have called on company bosses to steer clear of inflation-busting pay rises as the country grapples with a cost-of-living crisis. The Investment Association, whose 250 members manage assets worth 10 trillion pounds ($11.44 trillion), has written to remuneration committee chairs of FTSE 350 companies, calling for...

Ecb, UniCredit Clash Over Capital Plans, Russia Presence, Ft Says
Date: November 7, 2022
(Reuters) – The European Central Bank (ECB) has clashed with UniCredit over the Italian lender’s plans to return cash to shareholders and its failure to leave Russia, the Financial Times reported on Sunday. The ECB had objected to UniCredit’s commitment to distribute 16 billion euros ($15.85 billion) to shareholders by 2024, saying the move ran...
