ECB’s Schnabel calls for caution in rate cuts beyond June, Nikkei reports
TOKYO, May 17 (Reuters) – European Central Bank (ECB) board member Isabel Schnabel said the central bank may slash interest rates in […]
Georgia’s central bank spends $60 mln to support lari amid political crisis
TBILISI, May 16 (Reuters) – Georgia’s central bank said on Thursday it had spent $60 million in reserves to support the lari […]
Berkshire reveals $6.72 billion Chubb stake, insurer’s shares rise
May 15 (Reuters) – Warren Buffett’s Berkshire Hathaway (BRKa.N), opens new tab on Wednesday revealed a new, $6.72 billion stake in the insurer Chubb […]
UK is the second largest foreign investor in Saudi Arabia, says Al-Falih
RIYADH — Saudi Minister of Investment Eng. Khalid Al-Falih noted that the UK is the second largest foreign investor in the Kingdom with […]
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 […]