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A company logo is pictured at the headquarters of Germany’s Commerzbank AG in Frankfurt, Germany, February 13, 2020. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register Bank still expects full-year profit Provisions related to Swiss franc mortgage loans FRANKFURT, Jan 21 (Reuters) – Commerzbank (CBKG.DE) on Friday said its fourth-quarter earnings would […]

SINGAPORE, Jan 17 (Reuters) – Credit Suisse (CSGN.S) Chairman Antonio Horta-Osorio, who was being investigated by the Swiss bank’s board for breaching COVID-19 quarantine rules, has quit with immediate effect and board member Axel Lehmann has taken over the role. “I regret that a number of my personal actions have led to difficulties for the […]

The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha Register now for FREE unlimited access to Reuters.com Register Jan 14 (Reuters) – Citigroup Inc (C.N) on Friday posted a 26% drop in fourth-quarter profit but exceeded market expectations as strong gains in its investment banking […]

Facebook founder Mark Zuckerberg speaks in San Jose, California, U.S., April 18, 2017. REUTERS/Stephen Lam Register now for FREE unlimited access to Reuters.com Register LONDON, Dec 23 (Reuters Breakingviews) – Many successful consumer technologies began life with a narrow focus. Think 1980s executives wielding bulky cellphones or scientists sharing research on Tim Berners-Lee’s newfangled World […]

LONDON, Dec 3 (Reuters) – If monetary volatility at massive is lastly being uncorked, probably the most cossetted property could also be jolted from their slumber. For a lot of the 20 months for the reason that pandemic hit, monetary property have been buoyed by waves of presidency and central financial institution intervention designed to […]

Nov 26 (Reuters) – The Australian Securities and Investments Fee (ASIC) on Friday mentioned it commenced authorized proceedings in opposition to Australia and New Zealand Banking Group (ANZ.AX) for house lone referrals beneath its ‘introducer program’. The regulator added that between June 2016 and March 2018, ANZ breached shopper safety credit score legal guidelines by […]

BANGKOK, Nov 22 (Reuters) – Thailand’s central financial institution has allowed debt consolidation throughout monetary establishments to assist retail debtors pay decrease rates of interest, an official mentioned on Monday, as policymakers attempt to ease the impression of coronavirus outbreaks. Debtors can mix their unsecured debt with house loans at completely different banks, quite than […]

The Chinese language nationwide flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photograph SHANGHAI/BEIJING, Nov 9 (Reuters) – A think-tank of China’s highly effective state council met actual property builders and banks in Shenzhen metropolis, a supply with direct information of the assembly advised Reuters, amid intensifying worries over a liquidity disaster […]

A buyer makes use of an automatic teller machine at a department of Halkbank in Istanbul August 15, 2014. REUTERS/Osman Orsal ISTANBUL, Oct 24 (Reuters) – Turkey’s state banks are anticipated to chop borrowing prices on loans by round 200 foundation factors on Monday, in response to three individuals with information of the plan, following […]

The brand of Swiss financial institution Credit score Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann JOHANNESBURG, Oct 21 (Reuters) – Mozambique on Thursday referred to as on Credit score Suisse (CSGN.S) to completely cancel debt estimated at $2 billion linked to a scandal involving the financial institution, ten […]