$650 Billion Firm Caught in Swiss Wipeout Is Buyer of UBS AT1s
One of the major investors caught in Credit Suisse’s historic wipeout of AT1s just bought similar securities sold
2023-11-17 21:48
Wall Street Bosses Turn to AI to Help Write Performance Reviews
Banks have already turned to AI for derivatives trading and fraud detection. Now they want to use it
2023-11-17 20:18
Germany to Lend South Africa €500 Million for Energy Switch
Germany, through its KfW development bank, will on Friday sign an agreement to lend South Africa €500 million
2023-11-17 19:51
Europe’s Banks to Focus on Cost Cuts as Rates-Driven Boom Fades
European lenders are set to focus more on cost savings in 2024, as benefits from rising interest rates
2023-11-17 18:55
ECB’s Villeroy Says Slowing Inflation Justifies Halting Hikes
The European Central Bank’s decision to halt interest rate increases at its October meeting is fully justified by
2023-11-17 16:52
UK Bankers Pay Thousands More in Taxes as Fiscal Drag Takes Hold
UK bankers paid thousands more in taxes last year, a development that drew warnings that the City of
2023-11-17 15:54
India Financial Stocks Slump on RBI’s ‘Draconian’ Loan Rules
India’s lenders and shadow banks tumbled after the central bank announced stricter rules to stem the relentless rise
2023-11-17 14:50
Iran’s ‘Crown Jewel’ Has Much to Lose From a Full-Blown War With Israel
Hezbollah, Israel’s enemy on the northern front, is probably stronger than it’s ever been – which means it
2023-11-17 13:28
Xi’s Big Week Ends With Rare Wins on US Ties, Taiwan, Economy
Chinese President Xi Jinping is set to finish his first visit to the US in six years on
2023-11-17 10:47
China Tech Optimism Rekindled Amid Slowly Thawing China-US Ties
Baidu Inc., Xiaomi Corp. and Kuaishou Technology report on the heels of talks between Chinese President Xi Jinping
2023-11-17 09:58
China Is Sailing Its Way Through a Record Year of Debt Sales
There’s a 1.5 trillion yuan ($207 billion) question weighing on Chinese bond traders’ minds now: how will Beijing
2023-11-17 09:57
China Asks Some Big Banks to Cap Rates on Short-Term Funding
China told a handful of nationwide lenders to cap interest rates on interbank funding, people familiar with the
2023-11-17 09:24