The European Bank for Reconstruction and Development will provide a 50-million-euro ($54 million) loan to one of Ukraine’s biggest banks, state-owned Ukreximbank, under an agreement signed on Friday.
British banks agreed on Friday give homeowners who fall behind on mortgages a year of grace before foreclosing, and protect credit scores of borrowers who make some changes to loan terms, as the government sought to ease the impact of rising interest rates.
BlueCrest Capital Management, the investment firm co-founded by billionaire Michael Platt, has won part of a London court battle to block an attempt by the markets watchdog to order a redress scheme for investors worth more than an estimated $700 million.
Deutsche Bank’s reported plans for possible job cuts at its German retail operations were roundly criticised by a union on Friday, foreshadowing tough labour negotiations ahead.
Insurers must rigorously assess the impact on their solvency of the rising cost of settling car, property and other claims and ensure they have sufficient reserves, the Bank of England told the sector on Friday.
BlackRock has announced layoffs that would impact less than 1% of its workforce as a result of budget reallocations to support critical priorities, according to a memo seen by Reuters on Thursday.
Amid the sterling plunges that followed Britain’s budget debacle in the autumn, Crispin Odey told Reuters that if he admitted to a sterling short he would be dubbed “the enemy of the people”.
Australian general insurers will repay A$815 million ($550.29 million) to more than 5.6 million consumers due to their systemic failures in delivering on pricing promises, the country’s corporate regulator said on Friday.
