Turkey’s banks and other financial institutions will have to wait until 2025 to apply inflation-adjusted accounting to their balance sheets, the BDDK banking watchdog said on Monday.
Shares in doValue plunged on Monday after Italy’s biggest bad loan manager said it had booked non-cash charges on its Spanish operations, swinging to a nine-month loss.
Global hedge funds kicked off the largest net selling of U.S. financial stocks in 16 weeks just as earning season started in the week ending Jan. 11, a Goldman Sachs note to clients said.
Spain’s BBVA expects to pay a significantly higher dividend for 2023 than the 0.43 euros per share paid out in 2022 as higher lending boosts profits, Chairman Carlos Torres said in a post on the Spanish bank’s website on Monday.
Global hedge funds have reduced their exposure to the so-called Magnificent Seven stocks while increasing their allocation to other technology, media and telecommunications (TMT) companies, according to Morgan Stanley .
U.S. bank regulators’ proposed new capital requirements for large banks, if finalized, would violate key federal laws and needlessly impose burdensome costs on 80% of assets in the country’s banking system, major industry lobby groups said on Friday.
Wells Fargo , Bank of America and Citigroup reduced their workforces by a combined 17,700 last year, the banking giants reported in their fourth-quarter earnings on Friday.
Germany’s largest lender Deutsche Bank AG has stepped up internal discussions about mergers and acquisition deals involving European lenders like Commerzbank AG and ABN Amro Bank NV , Bloomberg News reported on Friday.
