Browsing Category
Banking
Sterling bullish bets reach highest level since 2014.
Currency speculators increased their bullish bets on sterling to its highest level in nine years, despite recent indications that sterling's strong rise this year may be flagging.
Speculative investors such as hedge funds are gaining a…
HSBC to hire Credit Suisse Qatar team as a blow to UBS
Two people familiar with the plans say that HSBC has advanced discussions to poach a senior team of Middle East wealth managers at Credit Suisse in order to compete against its Gulf rival.
Aladdin hangari, the chief executive of Credit…
Ireland and Luxembourg call for tighter shadow banking regulations
Ireland and Luxembourg have stepped up their calls for stricter global regulations on shadow banks to reduce the risk of financial turmoil from a sector encompassing hedge funds, crypto firms and more.
Senior officials in the two EU…
UK’s mortgage measures could lead to a financial crisis in the future
Financial advisers warn that banks and building societies who help UK mortgage borrowers reduce their monthly payments could be storing financial problems for later on in life, when they are faced with a larger total interest bill and a…
Barclays wants to end its relationship with Odey Asset Management as their corporate bank
Barclays wants to end its corporate banking relationship, according to people familiar with the matter. This will put further pressure on Odey Asset Management as it struggles with its financial stability following allegations of sexual…
Quantitative easing will end with central bank bailouts
The miracle drug of quantitative easing, which prevented the financial crisis from becoming a repeat of Great Depression, helped us survive the years of famine, stabilized the markets following the shock of Britain leaving the EU and…
The central bank chiefs have warned that interest rates will continue to rise
As they warned that tight labour markets continue to push up wages and costs, the world's central bankers signalled their willingness to raise interest rates and keep them at high levels.
At a conference held in Sintra, Portugal the…
Fed predicts that big US banks will lose $541bn if a doomsday situation occurs.
According to the Federal Reserve's annual stress tests, the largest US banks could lose $541bn under a hypothetical economic doomsday scenario. However, they would still have enough capital to absorb these losses.
The Fed's Wednesday…
HSBC’s exit is a sign that Canary Wharf has been struggling to recover from the pandemic
8 Canada Square in London, which houses HSBC’s global headquarters, and bears the HSBC logo, is a symbol for Canary Wharf’s status as a financial centre around the world.
The decision of the bank to move away from the east-end Docklands…
Europe’s banking champion has €7,6 billion to spend
The bank's leader, widely regarded as Europe's champion-in waiting, has everything he needs for a major merger.
Jean-Laurent Bonnafe, who has been at the helm of BNPParibas SA for 12 years, has amassed an $8.3-billion war chest. He is…
UBS Prepares to Cut More Than Half of Credit Suisse Workforce
UBS Group AG plans to reduce more than half the Credit Suisse Group AG workforce of 45,000 employees starting next month, as a result from the bank's takeover.
People familiar with the matter say that the cutbacks will affect almost all…
IMF warns Central Banks of “Uncomfortable Truth” in Inflation Fight
The deputy director of the IMF warned that central banks may need to accept the "uncomfortable fact" that inflation could continue to rise above their 2% target for a longer time in order to avoid a financial crises.
Gita Gopiath said at…
HSBC to relocate global headquarters from Canary Wharf in central London
HSBC will move its global headquarters from Canary Wharf to a smaller central London office after its lease expires. This marks the end of two decades at Canary Wharf. This move will be a major blow to Canary Wharf, and highlights the trend…
Why stocks are no longer a no-brainer
What happened to Tina, aka "there's no alternative"
She has been defending stock market investing for years. Her pitch was straightforward. With interest rates close to zero and shares still out of favour in a sluggish…
UK bank shares drop as fears of recession grow
Investors began to speculate that the benefits from higher interest rates have peaked, and concerns about a possible recession grew.
UK banks are under pressure to increase their mortgage loan book as customers move away from fixed rate…
After Credit Suisse’s rescue, the Swiss central bank calls on a complete overhaul of banking…
In its first public statement since Credit Suisse's rescue, the Swiss National Bank called for a review in banking regulations. It warned that global capital and liquidity rules do not protect systemically important banks from failure.…
Turkey’s Central Bank brings the low-rate era of Turkey to an end with a 6.5 percentage point…
The Turkish government raised interest rates in the first time since the year 2021, and promised to return a "free exchange regime". This is because the new economic leadership has decided to abandon policies that sent inflation…
Bank of England increases interest rates by 0.5 percent points
The Bank of England raised interest rates by half a percentage point to 5%, an unexpected move. Prime Minister Rishi sunak and the central bank have both pledged to fight persistent inflation.
Sunak supported the BoE’s decision, and…