July 5 (Reuters) – HSBC (HSBA.L), opens new tab is attracting initial interest from peers including BNP Paribas SA (BNPP.PA), opens new tab and UBS Group AG (UBSG.S), opens new tab, for the sale of its German wealth management unit, Bloomberg News reported on Thursday, citing people familiar with the matter. Julius Baer (BAER.S), opens new tab is also among potential bidders […]
MADRID, July 5 (Reuters) – BBVA’s (BBVA.MC), opens new tab Chair Carlos Torres on Friday told its shareholders that he was fully confident of the success of its 12-billion-euro takeover for smaller rival Sabadell (SABE.MC), opens new tab. The bid, which is opposed by the Spanish government, was rejected by Sabadell’s board, prompting BBVA to launch in May a hostile offer directly to Sabadell’s […]
BENGALURU, June 27 (Reuters) – Indian private lender RBL Bank (RATB.NS), opens new tab said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale. The bank will raise 35 billion rupees through QIP and 30 billion rupees through issue of debt […]
June 28 (Reuters) – The euro was on track for its biggest monthly fall since January as political uncertainty weighed in the run-up to France’s general elections, while the dollar jumped to a near four-decade high against the battered yen ahead of key inflation data. Investors fear that a new French government could increase fiscal […]
SYDNEY, June 27 (Reuters) – (This June 27 story has been corrected to fix the spelling of the name ‘Dhupelia’ in paragraph 10) A possible revival in IPOs in Hong Kong after a pickup in Chinese regulatory approvals, and a string of mega deals in India are expected to make Asia a bright spot for […]
June 27 (Reuters) – Big U.S. banks had enough capital to weather a potentially severe economic downturn but some of their risky businesses could hypothetically take a major hit this year, according to results of the Federal Reserve’s annual stress test. The 31 banks that participated showed they could withstand, opens new tab a spike in joblessness and stresses in […]
FRANKFURT, June 28 (Reuters) – Euro zone countries should not cut bank capital buffers and some should even increase them given record profits in the sector and clouds on the horizon, the European Central Bank said on Friday. Lending has all but come to a halt in the euro zone for the past year as […]
LONDON, June 27 (Reuters) – Lloyds Banking Group (LLOY.L), opens new tab is set to make an extra 300 million pounds ($380 million) a year in revenue by 2026 from its business banking unit, CEO Charlie Nunn said on Thursday, as corporate confidence picks up in Britain despite challenges. The British bank’s Business and Commercial Banking (BCB) […]
WASHINGTON—Big U.S. banks passed their latest annual stress test, with the Federal Reserve finding they would be able to continue lending to households and businesses in a severe recession, even while suffering steeper losses than last year’s tests. This year’s exercise measured the 31 biggest banks’ ability to maintain strong capital levels in a hypothetical […]
JPMorgan Chase said late Wednesday that the Federal Reserve overestimated a key measure of income in the giant bank’s recent stress test, and that its losses under the exam should actually be higher than what the regulator found. The bank took the unusual step of issuing a press release minutes before midnight ET to disclose its response to the Fed’s findings. […]