FTSE 100 slips for the third day as financials weigh
A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, whilst...
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US sanctions cryptocurrency mixer Sinbad over alleged North Korea ties
U.S. Treasury Department Deputy Secretary Wally Adeyemo attends the Reuters NEXT Newsmaker event in New York City, New York, U.S.,...
Europe’s Signa toppled in property rout
VIENNA/FRANKFURT, Nov 29 (Reuters) - Property and retail giant Signa declared insolvency on Wednesday after last-ditch attempts to secure fresh funding failed, making it the biggest casualty so far of Europe's property crash.Controlled by Austrian magnate Rene Benko, the group is an owner of New York's Chrysler Building as well as several high-profile projects and department stores across Germany, Austria and Switzerland.The multi-billion-euro group, whose tentacles reach from Germany's best-known department store, Berlin's KaDeWe, to the country's top high-street chain Galeria and a skyscraper project, is set to send ripples...
Singapore’s Keppel to buy Aermont Capital for $1 bln, expand into Europe
Deal to expand Keppel's presence beyond Asia Pacific to EuropeAcquisition to boost Keppel's funds under management by S$24 blnDeal to...
Morning Bid: Waller to Wall St, Fed’s on the turn
A look at the day ahead in U.S. and global markets from Mike DolanAs Wall Street mourns the passing of...
EU committee backs law to relocate euro clearing from London to bloc
European Union flags fly outside the European Commission in Brussels, Belgium, November 8, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON,...
EU watchdogs muck up Amazon’s messy iRobot cleanup
Signage is seen at an Amazon facility in Staten Island, New York City, U.S., April 24, 2022. REUTERS/Andrew Kelly Acquire...
Exclusive: European fund giant Amundi dipping toe back into Turkey’s lira
A logo of Amundi is seen outside the company headquarters in Paris, France, February 3, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire...
EU trailing UK capital market reforms, Frankfurt bourse official says
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 28, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsLONDON, Nov 28 (Reuters) - The EU is falling behind Britain in tapping into savers' money to boost the stock market, despite reforms in continental Europe being a step in the right direction, an official with Germany's bourse told Reuters."In terms of policy change, in the UK there's a realisation that we need to incentivise more capital; we're not there yet in Germany," said Stefan Maassen, head...
Insight: Wall Street gets creative as regulators demand more capital
Nov 27 (Reuters) - Earlier this fall, Morgan Stanley (MS.N) bought $300 million worth of protection against losses on some of its loans from Blackstone Group (BX.N) and other investors, two sources familiar with the matter said.The transaction, details of which have not been previously reported, was effectively insurance, structured as a sale of bonds called credit-linked notes, according to the sources and regulatory filings.By transferring the risk to investors, the $1.4 trillion asset bank could reduce the amount of capital it has to hold against those loans to cover...