ECB says stress in home loans manageable despite high rates, lax checks
FRANKFURT, May 15 (Reuters) – Stress in the euro zone market for home loans is “manageable” despite higher interest rates stretching borrowers […]
AMC completes $250 million stock sale during meme rally, shares jump 30%
AMC Entertainment raised about $250 million of new equity capital, completing the sale Monday during the revived meme stock craze triggered by the […]
NYCB to sell nearly $5 bln of mortgage warehouse loans to JPMorgan
May 14 (Reuters) – Embattled regional lender New York Community Bancorp (NYCB.N), opens new tab said on Tuesday it has agreed to sell about […]
Citi executive in charge of implementing bank’s restructuring departs
May 14 (Reuters) – Citigroup’s (C.N), opens new tab Titi Cole, a top executive in charge of implementing its sweeping restructuring plan, is leaving […]
Porch sues China Construction Bank in US over reinsurance fraud losses
May 10 (Reuters) – U.S. insurance and home inspection software provider Porch Group is suing China Construction Bank Corp (CCB) (601939.SS), opens new […]
Macron won’t rule out allowing sale of French banks to European rivals
PARIS, May 13 (Reuters) – French President Emmanuel Macron believes Europe’s banking sector needs greater consolidation, even if that means a major […]
Big-name funds pile into real estate debt as banks retreat
LONDON, May 14 (Reuters) – Some of the world’s largest investors are making deeper inroads into lending to commercial property, as they […]
RBI updates guidance note for banks, NBFCs
The Reserve Bank of India (RBI) has updated its “guidance note” on operational risk management for the financial sector, and also extended […]
JPMorgan turns heads after signing powerhouse $28B team from Merrill
Reportedly generating $10 million in annual revenue, the powerhouse the Gray-Polverini team is led by Eric Gray and Lance Polverini. They have […]
China’s Ping An sells HSBC shares in US$50 million tantrum after reported protest vote against CEO Noel Quinn
China’s largest insurer Ping An Insurance (Group) has sold HK$392 million (US$50 million) worth of its shares in London-based HSBC in an apparent tantrum days after […]
Bangladesh acts to tame inflation as IMF pledges $1.1bn loan
DHAKA — In a coordinated move economists are hailing as a necessary intervention, Bangladesh has taken three significant steps to tame its […]
ASEAN banks grapple with uncertain U.S. Fed interest rate cuts
SINGAPORE — Banks in the Association of Southeast Asian Nations are grappling with uncertainty over their loan books as evidence of persistent […]