Bank of Italy says it is ending COVID-related relief measures for banks
The Bank of Italy said on Tuesday it would remove a number of relief measures on banking requirements that had been introduced to help lenders through the COVID-19 crisis.
Explainer: Western sanctions on banks only scratch surface of Fortress Russia
The United States, the European Union and Britain announced new sanctions on Russia on Tuesday after Moscow’s recognition of two separatist regions in Ukraine as independent entities.
Russia, China tone down G20 text on geopolitical tensions
Russia and China watered down a communique being drafted by heads of the Group of 20 major economies on Friday to remove a reference to “current” geopolitical tensions clouding the global economic outlook, sources at the talks said.
Bitcoin skids to six-month low as fears of Ukraine conflict shake markets
Bitcoin tumbled almost 9% on Monday to its lowest in six months as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off.
Spain’s BBVA says Garanti deal priced in further lira depreciation
Spain’s BBVA (BBVA.MC) on Wednesday reiterated its long-term commitment towards Turkey and said lira depreciation had been taken into account while structuring its recent purchase offer for a stake in Garanti Bank.
Investors turn bearish on global economy though positioning upbeat – BofA survey
Barely a tenth of respondents in a monthly fund manager survey expect a stronger global economy in the coming months, marking the lowest proportion since last April’s initial COVID-19 panic, Bank of America’s (BofA’s) September edition of the survey showed.
Ether sees record outflows in last week of June -CoinShares
Ether investment products and funds posted record outflows in the last week of June, bearing the brunt of negative sentiment on cryptocurrencies, according to data on Monday from digital asset manager CoinShares.
Archegos fallout shows big banks need to be resilient, Swiss cenbank says
Losses from exposure to U.S.-based investment firm Archegos have demonstrated the need for “too big to fail” capital requirements to ensure adequate resilience at Credit Suisse (CSGN.S) and UBS (UBSG.S), the Swiss National Bank (SNB) said on Thursday.
