The Bank of England is expected to raise interest rates for the 14th consecutive meeting next week as it continues to battle the highest inflation rate among the Group of Seven big, rich nations.
Italian bank UniCredit is set to report sharply higher revenue on Wednesday from a year ago as it continues to benefit from higher interest rates – but its exposure to Russia is drawing increased regulatory scrutiny.
Morgan Stanley cut Israel sovereign credit to a “dislike stance” on Tuesday after the country’s parliament passed the first in a series of laws sought by Prime Minister Benjamin Netanyahu to limit the power of the Supreme Court
A group of Orpea’s unsecured creditors will appeal a court decision to approve the French nursing care provider’s restructuring plan, according to a statement issued late on Monday.
A proposed 2.7 billion pound ($3.5 billion) mass lawsuit against major banks including JPMorgan and Citigroup over alleged foreign exchange rigging was revived by a London court on Tuesday.
Swiss private bank Julius Baer will end all business with clients based in Russia, it told them in a letter seen by Reuters on Tuesday, as wealth managers navigate a widening net of sanctions and restrictions related to Moscow’s invasion of Ukraine.
Greenbridge, an investment firm named in a Viceroy Research report on Sweden’s Hexagon, said that public disclosures show that the shortseller’s claim of unfair dealings related to the timings and relationships on its investments are incorrect.
Saudi National Bank (SNB) on Tuesday reported a 9.3% jump in net profit for the second quarter compared with the prior-year period, on higher operating income and a fall in provisions for bad loans.
Indian private lender RBL Bank has the scope to expand its net interest margin (NIM) to above 5% in 2023-24, leaning on more low-cost deposits and a favourable loan book mix, its managing director and CEO told Reuters on Monday.
Commercial and Consumer bank 1st Source Corp said on Monday a security breach that involved a popular file transfer tool, MOVEit, has impacted about 450,000 records.
