Analysis: Investors brace for recession, more market turmoil after Fed’s supersized hike
Investors’ faith in a soft landing for the U.S. economy is being heavily tested, as a jumbo-sized interest rate hike from the Federal Reserve stirs worries over recession and more volatile trading ahead.
Deutsche Bank enters new era as chairman’s rocky decade ends
Deutsche Bank begins a new epoch on Thursday as Chairman Paul Achleitner leaves after a rocky decade during which Germany’s largest lender lost billions and saw its share price plummet.
Analysis: Yen’s past points to more pain ahead
The yen has tumbled 10% to a two-decade low to the dollar in a matter of weeks. But history suggests that still isn’t cheap, and investors are betting that it’s going to fall even further.
Bank of Japan ramps up battle to defend yield cap even as weakening yen raises economic risk
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.
UniCredit considers quitting Russia as markets watch for sovereign debt payment
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.
Deutsche Bank faces questions over plan to stay in Russia
Deutsche Bank (DBKGn.DE) faced criticism on Friday for its continued ties to Russia after saying that leaving would go against its values, as other banks cut links with the country.
Analysis: Emerging market investors dive for stocks amid Fed storm
Developing world investors, buffeted by various “taper tantrums” over the last decade, are now nervously watching as the rainmaker of global markets – the U.S. Federal Reserve – readies its most aggressive rate hike cycle in 17 years.
Taiwan lifts forex trading punishment on Deutsche -sources
Taiwan’s central bank has allowed Deutsche Bank (DBKGn.DE) to start trading Taiwan dollar deliverable and non-deliverable forwards again, three sources told Reuters, after it suspended them as part of a crackdown on speculation last February.
Santander lifts profits as it releases pandemic provisions
Spain’s Santander (SAN.MC) released 750 million euros ($846 million) in pandemic-related provisions in the fourth quarter, betting on an economic recovery in its main markets and helping boost net profit eight-fold compared to a year earlier.
Countdown to central bank meetings caps stocks’ advance
Shares rose in Europe on Wednesday as investor sentiment continued to steady after a rout last month, but the advance was capped by concerns over how fast central banks will raise interest rates to quell soaring inflation.
