Italian online bank and brokerage Fineco on Tuesday signalled a possible drop in its 2024 net financial income (NFI), sending its shares down 4%, after clients moving cash into government bonds again hurt its deposit base.
Europe has nowhere to hide from U.S. plans to mandate clearing of U.S. Treasuries transactions that will need to be carefully introduced over time, a global derivatives industry body said on Tuesday.
German exchange operator Deutsche Boerse expects revenues to grow by around 10% each year on average through 2026, the company said on Tuesday as part of its strategy update.
Spain’s BBVA is planning to extend its international digital strategy beyond Italy as it seeks to add more clients, the bank’s Chief Executive Officer Onur Genc said on Tuesday.
Russia’s biggest bank Sberbank expects record profits this year, CEO German Gref said on Tuesday, recovering from a 75% drop last year when Western sanctions hammered the financial sector.
UBS Group chief executive Sergio Ermotti said it will take months before Switzerland adopts new banking rules to help prevent bank runs and that he did not expect them to put the country at a disadvantage compared to other jurisdictions.
Credit Suisse has settled its dispute with Emirati-Lebanese shipbuilder Privinvest over a decade-old “tuna bond” scandal, resolving another legacy legal issue for the bank’s new owner UBS .
Metro Bank on Tuesday posted a 5% drop in deposits in the third quarter, although the struggling British lender said that the increase in outflows seen before its capital injection had now returned to “more normal ranges.”
UBS Group took in fresh money from the globe’s rich, the bank reported on Tuesday, helping to soften the blow of a $785 million quarterly loss to cover the costs of swallowing stricken rival Credit Suisse.
UBS Group on Tuesday reported a loss of $785 million attributable to shareholders in the third quarter, higher than the expected loss of $444 million forecast by analysts in a company-provided poll.
