Post-Brexit ‘Big Bang’ reform of UK financial sector a ‘damp squib’, say lawmakers
People walk through the City of London financial district in London, Britain, September 13, 2021. REUTERS/Hannah McKay/File Photo Acquire Licensing...
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Bank of England says UK coping with higher rates for now but sees risks ahead
A general view shows the Bank of England in London, Britain, September 21, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON,...
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...
ECB says property slump could last years in threat to lenders
A sign reads "new tenant wanted" in a window of a commercial building in Frankfurt, Germany, July 19, 2023. REUTERS/Kai...
Blackstone frontrunner in Signature Bank commercial-property loan sale, Bloomberg reports
A person waits for a teller at a Signature Bank branch in New York City, U.S., March 13, 2023. REUTERS/David...
Bank of Portugal imposes capital buffer for mortgages at four large banks
A man walks with his dog outside Bank of Portugal in downtown Lisbon, Portugal, February 21, 2017. REUTERS/Rafael Marchante/File Photo...
UK stocks fall after GDP data; Diageo tumbles to near 3-year low
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo...
US Fed proposes shrinking fees banks charge on debit card transactions
An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - The U.S. Federal Reserve on Wednesday proposed slashing by nearly a third the amount of so-called "swipe fees" banks can charge merchants for processing debit-card transactions, setting up a pitched battle between the two industries over potentially billions of dollars in revenue.Citing data that showed the costs of processing such transactions had fallen by roughly half in recent years, the Fed proposed cutting the current cap...
M&G to shut flagship retail property fund, citing weakened investor demand
M&G plc logo is seen on a smartphone in front of displayed same logo in this illustration taken, December 1,...
