Head-spinning volatility in Turkey’s banking shares has left investors reeling after a 100% stock market surge this year, driven by the highest available real returns, gave way to a sharp slide this week.
Deutsche Bank (DBKGn.DE) chief Christian Sewing, painting a bleaker assessment of the German economy, warned on Wednesday that China was a considerable risk for the nation and that Europe needed big banks to fend off American competitors.
The Bank of Canada is widely expected to deliver yet another oversized interest rate hike next week, lifting its policy rate into restrictive territory for the first time in two decades, but bets are split on whether or not a pause will follow.
Bank of Nova Scotia reported third-quarter profit a touch below estimates on Tuesday, but earnings rose from a year earlier as strong loan growth, particularly in its international business helped offset challenges in its wealth and capital markets units.
Ghana’s central bank on Wednesday delivered its biggest rate hike ever, a 300 basis point increase to 22%, at an emergency meeting to address the economy’s rapid deterioration amid crippling inflation.
German chancellor Olaf Scholz faces lawmakers’ questions this week over his role in tackling a multibillion-euro tax fraud as a sprawling probe into the scheme threatens to undermine him as he grapples with an energy crisis and the fallout of war.
The Swiss National Bank (SNBN.S) reported a first-half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday, the biggest six-month loss since the central bank was founded in 1907.
Russian divisions of foreign banks, such as Citi and Raiffeisen Bank International (RBIV.VI), have started looking for staff this month after Russian authorities moved to block them exiting the country, industry sources and a recruiting company said.
HSBC Holdings Plc said employees had formed a branch of the Chinese Communist Party (CCP) within its securities brokerage unit in the country, following media reports on Thursday.
Swedish lender Swedbank (SWEDa.ST) reported a smaller-than-expected net profit for the second quarter on Tuesday, as higher costs and lower trading gains took some of the shine off rising income from mortgages on the back of higher interest rates.
Head-spinning volatility in Turkey’s banking shares has left investors reeling after a 100% stock market surge this year, driven by the highest available real returns, gave way to a sharp slide this week.
Deutsche Bank (DBKGn.DE) chief Christian Sewing, painting a bleaker assessment of the German economy, warned on Wednesday that China was a considerable risk for the nation and that Europe needed big banks to fend off American competitors.
The Bank of Canada is widely expected to deliver yet another oversized interest rate hike next week, lifting its policy rate into restrictive territory for the first time in two decades, but bets are split on whether or not a pause will follow.
Bank of Nova Scotia reported third-quarter profit a touch below estimates on Tuesday, but earnings rose from a year earlier as strong loan growth, particularly in its international business helped offset challenges in its wealth and capital markets units.
Ghana’s central bank on Wednesday delivered its biggest rate hike ever, a 300 basis point increase to 22%, at an emergency meeting to address the economy’s rapid deterioration amid crippling inflation.
German chancellor Olaf Scholz faces lawmakers’ questions this week over his role in tackling a multibillion-euro tax fraud as a sprawling probe into the scheme threatens to undermine him as he grapples with an energy crisis and the fallout of war.
The Swiss National Bank (SNBN.S) reported a first-half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday, the biggest six-month loss since the central bank was founded in 1907.
Russian divisions of foreign banks, such as Citi and Raiffeisen Bank International (RBIV.VI), have started looking for staff this month after Russian authorities moved to block them exiting the country, industry sources and a recruiting company said.
HSBC Holdings Plc said employees had formed a branch of the Chinese Communist Party (CCP) within its securities brokerage unit in the country, following media reports on Thursday.
Swedish lender Swedbank (SWEDa.ST) reported a smaller-than-expected net profit for the second quarter on Tuesday, as higher costs and lower trading gains took some of the shine off rising income from mortgages on the back of higher interest rates.
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