EU banks face liquidity checks next year after 2023 crises
The skyline of the banking district is seen in Frankfurt, September 18, 2014. REUTERS/Kai Pfaffenbach Acquire Licensing RightsLONDON, Aug 3...
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Global money market funds draw big weekly inflows on investor caution
The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai...
UK’s Schroders H1 assets drop, Jupiter, St James’s Place rise
July 27 (Reuters) - British asset manager Schroders (SDR.L) reported a drop in first-half assets under management on Thursday, due to weaker investor sentiment amid market volatility.UK investors are playing it safe pulling $842 million from equity funds in June in favour of money market and fixed-income funds, fund network Calastone said earlier this month."Like the rest of our peers we see this to be a challenging environment, markets are volatile," Jupiter CEO Matthew Beesley told Reuters."We know that client confidence in markets is not high. With this uncertain environment...
Factbox: European companies cut jobs as economy sputters
July 25 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs...
Spanish banks perform better in EU stress test than in 2021, El Confidencial says
MADRID, July 12 (Reuters) - Spanish banks, such as Santander (SAN.MC) and BBVA (BBVA.MC), performed better in European stress tests...
UK pension funds back next phase of post-Brexit City shake up
Private pensions pledge up to 50 billion poundsFurther 25 billion could come from public sector schemesInefficient pension schemes could be...
UK’s Hunt to detail plans to steer pensions into growth investment
LONDON, July 9 (Reuters) - British finance minister Jeremy Hunt will spell out on Monday long-awaited plans to encourage pension...
US banks out of favor with European hedge funds, Goldman tells clients
NEW YORK, July 5 (Reuters) - European hedge funds have reduced their exposure to U.S. banks at a fast pace...
Analysis: Why a $1.5 trillion source of corporate financing is choking on higher rates
CLO issuance down 41% in H1 vs same time last yearFunding lifeline for junk-rated borrowers shrinkingInvestors demand higher premiumLONDON, July 5 (Reuters) - A financial stream that helped fund the world's riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive rate hikes bring tougher borrowing conditions and uncertainty.The pace of issuance of so-called collateralised loan obligations (CLOs), which bundle loans of the weakest corporates and repackage them as bonds, has stalled.Specialist asset managers minted CLOs worth more...
US banks scramble on research fees as reprieve on European rules runs out
NEW YORK, June 28 (Reuters) - Wall Street banks and brokerages are in a last-minute scramble to meet a July 3 deadline to charge investors for research reports, bankers and others in the industry said, a requirement that threatens their European business if they fail to comply.Bank of America Corp (BAC.N) and Jefferies Financial Group were among the earliest U.S. banks to comply with the rules - but many others have not yet met the standards and are rushing to catch up, they said.Failure to do so could mean losing...