Five of China’s largest banks have said the country’s lenders face multiple headwinds this year that include the pandemic, global politics and domestic turmoil in the real estate industry.
The Bank of Japan kept up its relentless quest to defend a key yield cap by offering to buy unlimited amounts of 10-year government bonds on Tuesday, underscoring its resolve to keep policy ultra-loose and putting downward pressure on the yen.
The European Central Bank is ready to organise a scheme for millions of Ukrainian refugees to exchange their hryvnia currency into euros if the EU gives the ECB a guarantee that would cover the bank’s risk, an ECB document showed.
Shares in Barclays (BARC.L) fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion chunk of stock in the lender at a discount overnight.
Colombia will receive two loans totalling $830 million from the World Bank to fund COVID-19 pandemic recovery and education efforts, the country’s government and the bank said on Thursday.
Britain sanctioned another wave of Russia’s banks, critical industries and a host of members of its elite on Thursday, including Gazprombank, Alfa Bank, and a woman they said was the stepdaughter of Foreign Minister Sergei Lavrov.
ING Groep NV (INGA.AS) will no longer finance new oil and gas projects, its energy chief said, becoming the biggest bank yet to commit to such a step in the fight against climate change.
Russia’s largest lender Sberbank (SBER.MM) on Friday said sanctions on its operations meant its customers would be unable to transfer funds in certain foreign currencies to accounts at other banks, both in Russia and abroad.
The Bank of England raised interest rates on Thursday for a third meeting running, as expected, but softened its language on the need for further increases from here.
UniCredit (CRDI.MI) is urgently reviewing its Russian business and could decide on a costly exit of the country after its invasion of Ukraine, the Italian bank’s CEO said on Tuesday, as markets watch for a payment on Russian sovereign debt.
Five of China’s largest banks have said the country’s lenders face multiple headwinds this year that include the pandemic, global politics and domestic turmoil in the real estate industry.
The Bank of Japan kept up its relentless quest to defend a key yield cap by offering to buy unlimited amounts of 10-year government bonds on Tuesday, underscoring its resolve to keep policy ultra-loose and putting downward pressure on the yen.
The European Central Bank is ready to organise a scheme for millions of Ukrainian refugees to exchange their hryvnia currency into euros if the EU gives the ECB a guarantee that would cover the bank’s risk, an ECB document showed.
Shares in Barclays (BARC.L) fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion chunk of stock in the lender at a discount overnight.
Colombia will receive two loans totalling $830 million from the World Bank to fund COVID-19 pandemic recovery and education efforts, the country’s government and the bank said on Thursday.
Britain sanctioned another wave of Russia’s banks, critical industries and a host of members of its elite on Thursday, including Gazprombank, Alfa Bank, and a woman they said was the stepdaughter of Foreign Minister Sergei Lavrov.
ING Groep NV (INGA.AS) will no longer finance new oil and gas projects, its energy chief said, becoming the biggest bank yet to commit to such a step in the fight against climate change.
Russia’s largest lender Sberbank (SBER.MM) on Friday said sanctions on its operations meant its customers would be unable to transfer funds in certain foreign currencies to accounts at other banks, both in Russia and abroad.
The Bank of England raised interest rates on Thursday for a third meeting running, as expected, but softened its language on the need for further increases from here.
UniCredit (CRDI.MI) is urgently reviewing its Russian business and could decide on a costly exit of the country after its invasion of Ukraine, the Italian bank’s CEO said on Tuesday, as markets watch for a payment on Russian sovereign debt.
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