HSBC in talks to sell Russian lending business to Expobank -source
LONDON – HSBC is in advanced talks to sell its Russian corporate lending business to Expobank, a source with knowledge of the matter told Reuters, as many major banks exit…
LONDON – HSBC is in advanced talks to sell its Russian corporate lending business to Expobank, a source with knowledge of the matter told Reuters, as many major banks exit…
ISTANBUL -Turkey on Friday restricted lending to many companies with more than $1 million in foreign currency cash, the latest step to reverse a tumbling foreign-exchange rate by squeezing banks…
SHANGHAI – About 90% of traders and analysts in a Reuters survey expected China to keep benchmark interest rates unchanged at its monthly fixing on Monday, as global central bank…
HONG KONG – HSBC Holdings said on Thursday it will leave its best lending rate unchanged in Hong Kong at 5% despite the city’s central bank raising the base rate.…
By Tom Wilson, Elizabeth Howcroft and Hannah Lang LONDON – Major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers on Monday, citing “extreme” market conditions, sparking a sell-off…
SHANGHAI – Beijing’s mandate to aid virus-hit sectors has left China’s banking sector lagging behind a broader market rally as the economy reopens, with investors fearful a cash splash by…
BERLIN – A lack of transparency in China’s lending poses a threat to developing and emerging countries and could trigger a new debt crisis, German Chancellor Olaf Scholz said on…
BEIJING -China’s central bank said on Thursday it would promote more credit for smaller firms and boost financial institutions’ confidence to lend funds, as policymakers struggle to get the COVID-stricken…
By Gergely Szakacs BUDAPEST – OTP Bank will step up lending to Ukraine’s farmers this year under a Kyiv-backed programme to help them overcome financing problems due to the Russian…
SHANGHAI – China is expected to cut benchmark lending rates at its monthly fixing on Friday, a second reduction this year, a Reuters survey showed, as it seeks to prop…
LONDON -British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across Africa by up to four…
HARARE – Zimbabwe’s freeze on bank lending is a temporary measure which is meant to contain inflation and stabilise its economy, central bank governor John Mangudya told state television on…
(Reuters) – Zimbabwe’s decision to suspend bank lending in a desperate bid to arrest the rapid devaluation of its currency will worsen the economic crisis and expose borrowers to predatory…
HARARE – Zimbabwe’s government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was…
By Jonathan Stempel (Reuters) – A federal judge on Friday dismissed class-action claims that Wells Fargo & Co, the fourth-largest U.S. bank, misled or defrauded shareholders about its commercial loans.…
FRANKFURT – Bank lending to euro zone businesses slowed in March, reinforcing expectations that Russia’s war in Ukraine would prompt both banks and corporations to tread cautiously, data from the…
(Reuters) – The Reserve Bank of New Zealand on Wednesday said it intends to finalise a framework on debt servicing restrictions (DSRs) on residential mortgage lending by late 2022 and…
SHANGHAI – Benchmark lending rates for China’s commercial banks are likely to be lowered at a monthly fixing on Wednesday, a Reuters survey showed, as Beijing cautiously eases monetary conditions…
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…
– 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…
By Simon Jessop and Brenna Hughes Neghaiwi LONDON/ZURICH – Investors managing $2.4 trillion are calling on Credit Suisse to take tougher climate action, including cutting its exposure to fossil fuel…
By Leika Kihara TOKYO -Japan’s bank lending rose at the slowest increase in a decade in February as immediate pressure for corporates to borrow cash continued to ease amid a…
FRANKFURT – Growth in bank loans to euro zone households accelerated again last month, growing at the fastest pace since late 2008, European Central Bank data showed on Friday. “Annual…
STOCKHOLM, Feb 25 – Total lending to Swedish households rose 6.7 percent year-on-year in January, down from plus 6.8 percent in the previous month, the statistics office said on Friday.…
BANGKOK – Thai banks’ non-performing loans slightly dropped to 2.98% of total lending at the end of December from 3.14% as the end of September, helped by measures to support…