June 19 (Reuters) – British consultancy firm Alpha Financial Markets Consulting (AFM.L), opens new tab said on Wednesday its independent directors plan to recommend Bridgepoint’s (BPTB.L), opens new tab nearly 578 million pounds takeover proposal, if the private equity firm makes a formal offer. […]
MILAN, June 19 (Reuters) – EU policymakers have renewed calls for cross-border bank mergers as they look to address the multi-trillion euro investments needed to finance the bloc’s green and digital transformation. A plan for a fully-fledged banking union, opens new tab has stalled and bankers […]
LONDON, June 18 (Reuters) – The European Union will delay a core element of global reforms to bank capital rules by one year to January 2026, the bloc’s financial services chief said on Tuesday, to ensure a level playing field […]
Amid a continued dollar shortage, state-owned Sonali Bank is struggling to process letters of credit (LCs), particularly for goods ordered by government agencies, involving $755 million in import bills owed to international banks as of 11 June. The bank’s Deputy […]
June 17 (Reuters) – Dutch bank ING (INGA.AS), opens new tab targets total income growth of between 4% and 5% per year until 2027, driven by an expected increase in revenues from net interest income and fees, while reduced loan losses should […]
ZURICH, June 17 (Reuters) – UBS (UBSG.S), opens new tab will set aside around $900 million to repay investors in Credit Suisse funds that were linked to collapsed supply chain financing firm Greensill Capital, accounting for 90% of what they are owed, […]
ZURICH, June 17 (Reuters) – UBS (UBSG.S), opens new tab has begun a share buyback program announced earlier this year, and repurchased 44.8 million Swiss francs ($50.21 million) worth of shares last week, the Swiss bank said on Monday. UBS has said […]
June 18 (Reuters) – Earlier this year a hedge fund structured two trades worth $642 million, the kinds of which have not been seen since the 2008 crisis. It sold insurance to two U.S. lenders against losses on a loan […]
TOKYO, June 14 (Reuters) – The Bank of Japan said on Friday it would start trimming its huge bond purchases and announce a detailed plan next month on reducing its nearly $5 trillion balance sheet, taking another step toward unwinding […]
WASHINGTON, June 13 (Reuters) – U.S. President Joe Biden will nominate Christy Goldsmith Romero, a Democratic member of the Commodity Futures Trading Commission (CFTC), to replace Martin Gruenberg as chair of the Federal Deposit Insurance Corporation (FDIC), the White House […]
