U.S. Senator Elizabeth Warren has written to Michael Roffler, the former chief executive of failed First Republic Bank asking for more information on his and other executives’ pay, the Wall Street Journal reported on Thursday.
Australia has lowered its forecast for the cost of servicing government debt over the next three years, though the government still sees annual repayments rising to a peak in fiscal 2025/26 before declining slightly.
The European Central Bank raised interest rates by 25 basis points to 3.25% as expected on Thursday and signalled that more tightening would be needed to tame inflation.
The issuance of global mortgage-backed securities (MBS) slumped to a 23-year low in the first four months of this year, highlighting the turmoil in the real estate sector as higher mortgage rates hit property sales and refinancing.
China’s biggest financial data provider Wind Information Co told some customers late last year that it was restricting offshore users from accessing certain business and economic data as a result of the cybersecurity regulator’s new data rules, two sources said.
Intercontinental Exchange Inc on Thursday reported first-quarter profit slightly above Wall Street views, as market volatility boosted the New York Stock Exchange parent’s exchange unit, helping offset a rates-driven slump in its mortgage technology business.
Most Gulf central banks increased key interest rates on Wednesday after the U.S. Federal Reserve raised its target interest rate by a quarter of a percentage point, in line with expectations.
Italian banks and insurers that are being called upon by insurance regulators to rescue struggling life player Eurovita will help by “using their balance sheet”, the head of Poste Italiane said on Thursday without elaborating.
