IDB and Brazil’s public banks to launch Amazon ETF, say sources
The Inter-American Development Bank (IDB) and Brazil’s public banks will announce on Thursday the development of an exchange-traded fund (ETF) focused on […]
Swiss lender EFG posts 10% rise in net profit, robust inflows
Swiss private bank EFG International (EFGN.S), opens new tab said on Wednesday net profit grew by 10% to a record 162.8 million Swiss francs […]
UniCredit buys digital bank and cloud IT platform in Aion-Vodeno deal
UniCredit (CRDI.MI), opens new tab on Wednesday said it was investing 370 million euros ($401 million) to acquire Belgium’s digital bank Aion and Vodeno, […]
Deutsche Bank’s profit streak ends with big lawsuit provision
Deutsche Bank (DBKGn.DE), opens new tab posted its first loss in four years in the second quarter after setting aside 1.3 billion euros ($1.41 […]
Santander raises profitability goals after record quarter
Spain’s Santander (SAN.MC), opens new tab hiked its profitability goals after strong growth at its main retail business, especially in Spain and Brazil which […]
Spanish banks, unions agree on 11% wage increase over three years
Spanish banks and unions on Tuesday reached an agreement to raise wages of employees in the sector by 11% over the coming […]
Eni’s biofuel unit could be valued up to 12.5 bln euros in KKR deal
Italy’s Eni (ENI.MI), opens new tab is in exclusive talks with investment company KKR (KKR.N), opens new tab over the sale of a minority stake in […]
Singapore seen keeping monetary policy unchanged amid inflation risks
Singapore’s central bank is widely expected to keep monetary policy unchanged this week and hold off easing settings amid lingering risks to […]
ECB’s de Guindos hints at September rate decision, focus on forecasts
European Central Bank vice-president Luis de Guindos hinted at a possible interest rate cut in September, singling out the ECB’s new projections […]
China’s loan collateral tweak will ease ‘asset famine’, state media says
China’s central bank’s decision to lower the collateral requirement for medium-term loans will alleviate the “asset famine” pressure on the bond market, […]
European banks’ earnings in spotlight after big share price gains
Europe’s biggest banks report their second-quarter earnings this week, with all eyes on whether the gains from higher interest rates have run […]
Brown & Brown’s quarterly profit jumps 35% on higher commissions, fees
Insurance brokerage Brown & Brown’s (BRO.N), opens new tab second-quarter profit increased about 35% on Monday as the company earned higher commissions and fees […]