There is no doubt that higher interest rates are hard on a many people – especially if you are taking out a loan on a home or a car, or are struggling to catch up with credit-card debt.
A Swiss investors’ association is planning to file a lawsuit seeking compensation for former Credit Suisse shareholders, the latest legal action triggered by the bank’s emergency takeover by its cross-town rival UBS .
UBS’s emergency takeover of Credit Suisse may lead to thousands of job losses, departures of key staff and a risky integration challenge, but for many UBS investors it increasingly looks like a good deal for Switzerland’s biggest bank.
German financial regulator BaFin on Monday said it had extended its measures in place with online bank N26 to prevent money laundering, the latest episode of stepped-up scrutiny of one of Europe’s most valuable fintechs.
Banco BPM shares rose as much as 2.7% on Monday after Italy’s third-largest bank said it would sell 71.6% of its card and shopowner payments operations to private equity fund FSI for 500 million euros ($561 million) in cash and shares.
HDFC Bank , India’s largest private lender, on Monday reported a bigger-than-expected 30% jump in first-quarter profit, helped by higher net interest income (NII) and strong loan growth.
Credit Suisse Switzerland executive board member Daniel Hunziker will take over the leadership of the bank’s corporate clients business, it said on Monday.
A committee that reviews disputes in the credit default swaps (CDS) market said on Monday that UBS is the sole successor to Credit Suisse Group following the merger of the two banks.
Santander is accelerating growth of its investment bank by hiring at least 50 bankers primarily in the United States, two people with knowledge of the matter told Reuters.
Nordea , the Nordic region’s biggest bank, on Monday reported a slightly bigger than expected increase in second-quarter operating profit as rising interest rates outweighed negative currency translation effects.
