UBS shareholders back bank’s climate roadmap
By Brenna Hughes Neghaiwi ZURICH – UBS shareholders on Wednesday approved the bank’s climate roadmap, after its first-ever such vote faced pushback from several investors and climate campaigners as not…
By Brenna Hughes Neghaiwi ZURICH – UBS shareholders on Wednesday approved the bank’s climate roadmap, after its first-ever such vote faced pushback from several investors and climate campaigners as not…
By Mike Dolan LONDON – The race is on to declare a paradigm shift in the world economy toward higher inflation and interest rates and the jolt to public borrowing…
By Wayne Cole SYDNEY – Most of Australia’s major banks now expect a rise in interest rates as early as June, though opinions on the pace of tightening and the…
(Reuters) – Russia’s banks will need a wider recapitalisation, Andrey Kostin, CEO of No.2 lender VTB, has told the TASS news agency, with the scale of it to be determined…
By Iain Withers and Carolyn Cohn LONDON – Major British financial companies collectively narrowed their gender pay gaps last year, but some went into reverse gear, including UBS and Deutsche…
FRANKFURT – Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German bank lobby warned on Monday.…
(Reuters) – The governor of Ukraine’s central bank urged the central banks of the European Union, the United States, Japan and Britain to ban transactions in the Russian or Belarusian…
By Huw Jones LONDON – Banks should beware of fake news that could trigger a run on their deposits, the European Union’s banking watchdog said in a warning on Friday…
By Bernardo Caram BRASILIA – Brazil’s central bank decided on Wednesday to postpone payments to financial institutions for resources held in accounts from the Pix instant payment system, underscoring mounting…
By Jonathan Stempel NEW YORK – A federal judge on Thursday dismissed a long-running antitrust lawsuit accusing 10 of the world’s largest banks of pursuing two interrelated conspiracies to suppress…
By Pete Schroeder WASHINGTON – A top U.S. banking regulator told banks on Thursday to be more vigilant about guarding against unlikely but extreme risk as Russia’s invasion of Ukraine…
By Pete Schroeder WASHINGTON – A second U.S. banking regulator has laid out how it thinks banks should guard themselves against risks emanating from climate change. On Wednesday, the U.S.…
FRANKFURT – The European Central Bank has told banks to cut lending to the most indebted borrowers, which could poke a hole in their balance sheets if the economy turns…
By Huw Jones LONDON – The impact of the Ukraine war on banks in the European Union is ‘manageable’ but the effects of commodity markets on lenders needs to be…
By David Henry and Michelle Price (Reuters) – The U.S. Treasury yield curve, widely watched as a barometer of the economy’s health, briefly “inverted” on Tuesday in a warning sign…
By Patrick Werr CAIRO – Egypt’s two biggest state banks have sold 303 billion Egyptian pounds ($16.57 billion) in special certificates of deposit (CDs) they introduced last week at a…
(Reuters) – Rating agency Fitch said on Tuesday it has withdrawn its ratings of 27 Russian banks, four of their affiliates and related financing special purpose vehicles. The withdrawals are…
LONDON – Thirty of the world’s largest financial institutions are undermining their commitment to cutting carbon emissions by lobbying against climate regulation and by funding new fossil fuel projects, according…
FRANKFURT – The European Central Bank will tighten banks’ access to its liquidity from July by phasing out exceptionally easy collateral rules introduced at the onset of the coronavirus pandemic,…
By Iain Withers and Julien Ponthus LONDON – France’s Credit Agricole said on Tuesday it had suspended all services in Russia, joining a retreat by other international banks since Moscow’s…
WARSAW – Poland’s central bank signed an agreement with the National Bank of Ukraine that will allow every adult Ukrainian refugee to convert up to 10,000 hryvnias ($341.88) to Polish…
By Valentina Za MILAN – The Ukraine conflict has prompted many international banks to review their presence in Russia, or swiftly embark on the arduous task of unwinding their businesses…
By Ebru Tuncay and Orhan Coskun ISTANBUL -Russians newly arrived in Turkey are struggling to make deposits and transfers at banks that are taking a careful and sceptical approach for…
By Sinead Cruise and Huw Jones LONDON – As they switch off the lights in Moscow, the world’s top banks face a risk-ridden retreat, juggling obligations to anxious clients and…
– Germany’s Deutsche Bank AG said on Thursday its U.S. affiliate had increased its prime lending rate by 25 basis points, mirroring moves by major Wall Street banks after the…