A BANK operating in Japan’s least populated area is doing something that may have global repercussions if its peers do the same: the lender is planning to return to the nation’s bonds in a big way as interest rates rise.
UNICREDIT chief executive officer Andrea Orcel used Barclays and Bank of America to help him quietly build up a stake in Commerzbank, a move that has shaken European finance and triggered a backlash from the German government.
A HANDFUL of Federal Reserve officials on Monday (Sep 23) left open the door to additional large interest-rate cuts, noting that current rates still weigh heavily on the US economy.
TANCY Tan has spent her entire career working with technology to drive transformation. Banks spend a lot of time on data, but she thinks they also need to put an equal amount of time into their people.
BANK of America plans to open more than 165 US branches by the end of 2026, the lender said on Monday (Sep 23), as it competes with JPMorgan Chase to add locations.
EUROPEAN banks are factoring climate risks into the terms of mortgages they grant, although they do not fully grasp the potential costs, according to their top regulator.
BNP Paribas has signed an agreement with HSBC Holdings to buy the UK-based lender’s private banking operations in Germany, according to a statement on Monday (Sep 23).
BRITISH investment managers Legal & General (L&G) and Schroders are to invest hundreds of millions of US dollars in commercial property in the United States, but are largely steering clear of the hard-hit office sector, the companies said.
COMMERZBANK’S management has warned the German government that a potential multibillion euro merger with Italy’s second-largest bank UniCredit is a threat to businesses that make up the backbone of Europe’s biggest economy, the Financial Times reported on Monday.
