Exchange operator Cboe Global Markets Inc , on Friday sailed past analysts’ estimates for third-quarter profit as transaction volumes surged amid spiraling volatility in the global markets across asset classes.
The Bank of England reckons the UK economy has only felt half the effects of a near two-year interest rate squeeze so far – and markets doubt it will allow it to take the whole dose.
Britain’s decision to remove guarantees on a chunk of emergency loans issued to small businesses in the pandemic has stoked uncertainty about the fate of more than one million loans that still have to be repaid by borrowers or settled by the government.
A growing number of private equity funds are opening offices in the Gulf, hoping to deepen their ties with cash-rich sovereign wealth funds and families in the region as funding for buyouts has dried up elsewhere.
Alpha Bank and Piraeus Bank reported on Friday a jump in profits for the first nine months of 2023 as higher rates boosted net interest income and bad loans declined.
Societe Generale , France’s third-biggest listed bank, missed market expectations on quarterly sales on Friday, as a slump in its French retail added to earnings woes in spite of the resilient performance of its investment bank division.
Australia’s central bank will raise its key policy rate by 25 basis points to 4.35% on Tuesday after keeping borrowing costs steady at its last four meetings, as inflation proves surprisingly strong, a Reuters poll found.
Bank of Nova Scotia said on Thursday it appointed former ING Group executive Aris Bogdaneris as group head of its Canadian banking segment, effective Nov. 3.
Macquarie Group’s half-year profit fell to a three-year low as costs rose and it booked fewer asset sales, especially in green energy, but it said performance would lift in the second half and announced a A$2 billion ($1.29 billion) share buyback.
The Royal Bank of Canada (RBC) has agreed to pay a $6 million penalty to settle U.S. charges it violated internal accounting controls, the U.S. Securities and Exchange Commission (SEC) said on Thursday.
