UK pay deals lose more steam as Bank of England meets on rates
A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in...
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Stricter bank capital rules ‘very bad’ for UK – NatWest CFO
A woman carrying a Union Flag umbrella stands near the Bank of England in the City of London, Britain, July...
Analysis: Societe Generale vision falls flat as Europe’s banks falter
People walk past a logo of French bank Societe Generale in front of the company's skyscraper at the financial and business district of La Defense near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsLONDON/DUBLIN, Sept 18 (Reuters) - Societe Generale's (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy.As a year-long boon from interest rate rises fizzles, Europe's big lenders are under a spotlight, with higher rates now upping pressure on...
EU watchdog scrutinises banks’ defences after SVB, Credit Suisse woes
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo Acquire Licensing...
More SE Asia firms consider U.S. IPOs, filling void left by China peers
At least four Southeast Asia firms considering U.S. IPOsU.S. IPOs by Chinese firms slumped - LSEG dataSINGAPORE/SYDNEY, Sept 19 (Reuters) - Several Southeast Asian companies are considering listing in the United States, banking on strong investor appetite for emerging market growth in the absence of Chinese stock offerings.Senior executives in leading SME digital financing platform Funding Societies, Singapore-based entertainment firm Gushcloud International and Thai insurance technology firm Sunday told Reuters they were looking into New York as one of their initial public offering (IPO) venues.This comes on top of recently...
EBRD expects Ukraine investment to stay near 1.5 bln euros a year -president
President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso addresses the Ukraine Recovery Conference in London, Britain...
Growth jitters knock global stocks before central bank-packed week
A woman walks past a screen displaying the Hang Seng Index at Central district, in Hong Kong, China March 21,...
Bank of Montreal to close retail auto finance business, flags job losses
A Bank of Montreal (BMO) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsTORONTO, Sept 17 (Reuters) - Bank of Montreal (BMO) (BMO.TO) is winding down its retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada's third largest bank said on Saturday.The move, applicable in Canada and the United States, comes after BMO's bad debt provisions in retail trade surged to C$81 million ($60...
Irish government considering targeted mortgage interest relief scheme
Ireland's Prime Minister Leo Varadkar attends the European Union leaders summit in Brussels, Belgium June 29, 2023. REUTERS/Johanna Geron/File photo...
Citigroup’s Europe unit CEO Braden to leave after 25 years, source says
Staff enter the Citigroup building in London's financial district of Canary Wharf November 18, 2008. REUTERS/Kevin Coombs/File Photo Acquire Licensing RightsLONDON, Sept 15 (Reuters) - Kristine Braden, CEO of Citigroup's main operations in continental Europe, is leaving the firm after 25 years as part of a wider organisational change announced by the U.S. bank earlier this week, according to an internal memo seen by Reuters.Braden was CEO of Citibank Europe and previously held a number of senior roles, including leading the Citigroup Global Markets Europe AG unit."I have had an...