UBS could need $10 bln-$15 bln in extra capital to meet new Swiss rules, analyst says
ZURICH, April 11 (Reuters) – UBS (UBSG.S), opens new tab might need to retain $10 billion to $15 billion in excess capital after Switzerland’s […]
Fed likely to cut rates before ECB blinks, former BOE member says
The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market […]
HSBC to accelerate China wealth expansion, on track to meet hiring target
HONG KONG, April 9 (Reuters) – HSBC (HSBA.L), opens new tab plans to accelerate the expansion of its wealth business in China despite economic […]
West Virginia treasurer adds four finance firms to ESG blacklist
NEW YORK, April 8 (Reuters) – West Virginia added four financial firms on Monday to a list of institutions that may be […]
Royal Bank of Canada fires CFO over undisclosed relationship
April 5 (Reuters) – Royal Bank of Canada (RY.TO), opens new tab on Friday said it appointed Katherine Gibson as interim Chief Financial Officer, […]
Largest US bank JPMorgan Chase to deepen partnerships with the African Development Bank Group
African Development Bank Senior Vice-President Bajabulile Swazi Tshabalala, has held talks with a high-level delegation from JPMorgan Chase, the largest US bank, […]
Abu Dhabi’s Borouge shareholders approve $1.3 billion dividend for 2023
Abu Dhabi-based Borouge Plc, a prominent provider of innovative polyolefins solutions in the petrochemicals industry, has received shareholder approval for a final […]
Total assets of Qatar’s banks surge 5.8 percent to $541 billion in February
According to Qatar Central Bank (QCB), the total assets of Qatar’s commercial banks saw a 5.8 percent increase to QAR1.97 trillion ($541 billion) in […]
China could face US, EU curbs over legacy chips
Legacy chips, used in everything from washing machines to cars and TVs to medical devices, may not be as powerful as the state-of-the-art semiconductors […]
Tesla’s Resilience Amid Sales Slump: Musk’s Strategy with $29bn War Chest
Tesla, the electric vehicle (EV) giant, recently reported a nearly 9% drop in global sales, delivering 386,810 vehicles in the last quarter, […]
ECB’s Pablo Hernandez de Cos Eyes June for First Rate Cut Amid Inflation Shifts
Amid a complex economic landscape, Pablo Hernandez de Cos, a pivotal figure at the European Central Bank (ECB), signals a potential interest rate […]
China’s Central Bank Boosts Pro-Growth Policies Amid Economic Pressures
In a strategic move to counteract the economic downturn, China’s central bank has pledged to enhance the effectiveness of its current pro-growth […]