Adviser to Italy’s Treasury tables proposal for windfall tax on banks
By Giuseppe Fonte ROME (Reuters) – Italy should introduce a tax on banks to claw back extra profits made on the back of rising interest …
banks
Exclusive-EQT sounds out banks to manage LimaCorporate IPO – sources
By Pablo Mayo Cerqueiro and Andres Gonzalez LONDON (Reuters) – Private equity house EQT is weighing options including a possible initial public offering (IPO) for …
Wells Fargo CEO says regional banks are strong, but expects turmoil
By Carolina Mandl and Svea Herbst-Bayliss BEVERLY HILLS, California (Reuters) – Wells Fargo & Co CEO Charlie Scharf said on Tuesday the banking industry is …
Marketmind: RBA shock hike starts huge week for central banks
A look at the day ahead in European and global markets from Asia markets correspondent Kevin Buckland. The Reserve Bank of Australia kicked off a …
Japan Economy Minister Goto urges US banks, regulators to tackle liquidity risks
By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) -Banking sector problems in the United States and Europe were caused by liquidity and interest rates risks, …
South Korea, Indonesia central banks agree to promote local currency transactions
SEOUL (Reuters) – The central banks of South Korea and Indonesia signed a memorandum of understanding on Tuesday to cooperate on promoting the use of …
Global elite heads to Milken event to talk banks, rates and recession
By Svea Herbst-Bayliss and Carolina Mandl NEW YORK (Reuters) – When Wall Street investors, dealmakers and chief executives meet in Beverly Hills next week to …
Russia should not take temporary control of foreign banks’ units -central bank
MOSCOW (Reuters) – Taking over the temporary management of foreign banks’ divisions in Russia would not be appropriate, Central Bank Governor Elvira Nabiullina said on …
China’s top banks post shrinking margins in Q1
By Ziyi Tang and Engen Tham SHANGHAI/BEIJING (Reuters) – Five of China’s largest lenders posted shrinking margins in the first quarter on Friday, as loan …
Italy working on levy on banks to fund family relief -source
By Giuseppe Fonte ROME (Reuters) – Italy is working on imposing a “solidarity” levy on its banks to fund relief measures for families hit by …
Marketmind: Fresh spur from Meta and Europe’s banks
A look at the day ahead in U.S. and global markets from Mike Dolan The Big Tech earnings season is going some way to justifying …
Major Bank’s Stock Continues Crashing As It Begs Fed For Aid To Avoid Collapse
Major Bank’s Stock Continues Crashing As It Begs Fed For Aid To Avoid Collapse Jason Cohen on April 26, 2023 First Republic Bank’s stock price plunged …
Marketmind: A heavy dose of tech, banks & politics
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The top-tier Asian economic data cupboard on Thursday …
World Bank’s Malpass: debt assessments should reflect growing share of domestic debt
By Andrea Shalal WASHINGTON (Reuters) – Debt sustainability analyses carried out by the World Bank and International Monetary Fund should reflect the growing share of …
First Republic advisers have lined up potential purchasers of bank’s new stock – CNBC
(Reuters) – First Republic Bank’s advisers have already lined up potential purchasers of new stock in the lender if they can fix the bank’s balance …
Marketmind: Cloud control – tech trumps banks
A look at the day ahead in U.S. and global markets from Mike Dolan Just as markets were getting all antsy again about regional U.S. …
Swiss regulator says two banks’ crisis plans are insufficient
ZURICH (Reuters) – Swiss financial regulator FINMA has labelled the recovery and resolution plans of two of Switzerland’s five systematically important banks as insufficient, it …
Marketmind: Wowed by tech, worried by banks
A look at the day ahead in European and global markets from Vidya Ranganathan The steady stream of bad news from banks continues to cast …
UK food banks give out record amount as rising living costs drive hardship
LONDON (Reuters) – Britain’s biggest food bank network said the amount of emergency food parcels it distributed rose 37% to a record 3 million in …
Banks Launch Fewest ‘Green’ Funds In Three Years
Banks Launch Fewest ‘Green’ Funds In Three Years John Hugh DeMastri on April 25, 2023 Launches of new funds focused on environmental, social and corporate …
Major Bank’s Stock Tumbles Over 25% After Disastrous Earnings Report
Major Bank’s Stock Tumbles Over 25% After Disastrous Earnings Report Jason Cohen on April 25, 2023 First Republic Bank’s stock price fell over 25% as …
First Republic, KPMG are sued for concealing bank’s risks
By Jonathan Stempel (Reuters) – First Republic Bank has been sued by shareholders who accused the beleaguered U.S. regional bank of concealing how rising interest …
More banks join European instant payments pilot from end 2023
By Huw Jones LONDON (Reuters) – An initiative to offer an instant payments service in Europe from the end of 2023 said on Tuesday it …
Exclusive-China guides banks to further cut deposit rates – sources
(Reuters) – China nudged banks this month to cut deposit interest rates further, seven people with knowledge of the matter said, in the latest effort …
South Korea to join global stress test on banks
SEOUL (Reuters) – South Korea will voluntarily join a global stress test on banks, hoping to gain from a thorough analysis of risks they face …
U.S. shares with European banks ways Russia is evading sanctions
WASHINGTON (Reuters) – The U.S. on Sunday said it shared information with European bankers, government officials and business leaders to clamp down on Russia’s tactics …
Sale of Italy’s MPS should help create several big banks, says Meloni
MILAN (Reuters) – The privatisation of Italian lender Monte dei Paschi di Siena should foster the creation of several large banking groups in the country, …
Vanguard bought large banks’ bonds on the cheap during March turmoil
By Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, increased exposure to large bank’s bonds during the banking rout in March, …
Renault chooses banks for planned listing of electric car unit Ampere – source
PARIS (Reuters) – French carmaker Renault has picked BNP Paribas, Goldman Sachs and JPMorgan among the investment banks slated to work on the planned listing …
Fed in discussions with banks about managing risks of AI: Waller
(Reuters) – The Federal Reserve has “regular discussions” with the banks it supervises about managing the risks associated with artificial intelligence, as more financial institutions …
Marketmind: Cautious markets focus on central banks’ diverging paths
A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down in Asian hours with stocks drifting while …
Exclusive-In Rakuten Bank’s downsized IPO, investors pushed for details on troubled parent, sources say
By Miho Uranaka TOKYO (Reuters) – Japan’s Rakuten Bank Ltd amended the filing of its $625 million initial public offering (IPO) after investors pushed for …
Market stress may pressure Spanish banks despite strong liquidity- cenbank
By Jesús Aguado MADRID (Reuters) -Spanish lenders may feel the impact from rising global risks, such as the higher cost of funding and liquidity stress, …
Marketmind: Central banks on pause patrol
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Whisper it, but Wednesday could be a pretty …
Big Banks Win Big After Financial Sector’s Chaotic Start To The Year
Big Banks Win Big After Financial Sector’s Chaotic Start To The Year Jason Cohen on April 17, 2023 Some of the largest financial institutions posted …
HSBC shareholder Ping An to vote for bank’s break-up at annual meeting -source
HONG KONG/LONDON (Reuters) – HSBC’s biggest shareholder Ping An is likely to vote in favour of splitting the bank up at its annual investor meeting …
ECB told not to take banks’ word for it when assessing risk
FRANKFURT (Reuters) – The European Central Bank should stop relying on banks’ self-assessments when setting capital requirements and do its own homework instead, independent experts …
Marketmind: Banks calm the horses
A look at the day ahead in U.S. and global markets from Mike Dolan. As U.S. banking giants calm the horses, global investors are now …
Analysis-Central banks have yet to script final act of inflation fight as risks rise
By Howard Schneider and Balazs Koranyi WASHINGTON (Reuters) – Major central banks may be deep into their drive to raise interest rates in hopes of …
U.S. banks highlight office real estate as next big worry
By Matt Tracy and Saeed Azhar (Reuters) – Some of the largest U.S. banks singled out office commercial real estate on Friday as an area …
Marketmind: Banks to test soft landing thesis
A look at the day ahead in U.S. and global markets from Mike Dolan World markets have surged this week on renewed hopes of disinflation, …
World Bank’s new boss must push ahead on reforms, fight poverty-French minister
By David Lawder WASHINGTON (Reuters) – France’s development minister said on Thursday she will tell the World Bank’s expected next president, Ajay Banga, to maintain …
Factbox-Wall St banks expect one more Fed rate-hike as recession looms
(Reuters) – Most major U.S. banks expect the Federal Reserve to raise interest rates by another 25 basis points next month, following evidence of sticky …
Global watchdog issues blueprint for banks to report cyber attacks
LONDON (Reuters) – The G20’s financial watchdog on Thursday recommended a blueprint for banks to report cyberattacks in a common format in a bid to …
Small U.S. banks and businesses make for big problem: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -If small businesses are the bedrock of the U.S. economy, last month’s banking shock has given us a pretty …
White House’s Brainard says banks need to show they are managing risks effectively
By David Lawder WASHINGTON (Reuters) – White House economic adviser Lael Brainard said on Wednesday the U.S. banking system is “sound” and stable after two …
EU to speed up how regulators tackle failing banks – EU documents
By Huw Jones LONDON (Reuters) – European Union plans, due next week, will seek to speed up handling of failing banks to ensure they are …
Turkey’s cenbank urges banks to avoid creating forex demand, bankers say
By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s central bank has been urging banks in recent weeks to avoid steps that could create demand for foreign …
Singapore’s Q1 GDP likely slowed, complicating central bank’s task: Reuters poll
By Chen Lin SINGAPORE (Reuters) – Singapore’s economy is likely to have expanded at a slower pace in the first quarter, posing a challenge for …
Russians moved more FX holdings to foreign banks in 2022 -central bank
By Elena Fabrichnaya MOSCOW (Reuters) – Russians’ foreign currency holdings at foreign banks exceeded those held at domestic ones last year, the central bank said …