Italy slaps 40% one-off windfall tax on its banks
Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward depositors.
2023-08-08 21:26
Moody's warns it could cut credit ratings of 6 big US banks
Moody's has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade.
2023-08-08 19:53
Italy shocks banks with 40% windfall tax for 2023
By Angelo Amante, Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy dealt a surprise blow to its banks and sent
2023-08-08 19:47
SoftBank reports mixed quarter, says 'timidly' restarting investment
By Anton Bridge TOKYO (Reuters) -Japan's SoftBank Group posted a surprise loss but said it was dipping its toes back
2023-08-08 18:57
S.African lender Nedbank posts 11% rise in half year profit
JOHANNESBURG (Reuters) -South Africa's Nedbank Group, amongst the top five lenders in the country, recorded an 11% rise in interim
2023-08-08 13:23
US banker bonuses to sink as much as 25% on sluggish deals -consultant
By Lananh Nguyen NEW YORK U.S. investment bankers who advise companies on deals can expect their bonuses to
2023-08-08 09:53
Aussie banks margins seen falling; outlook key in high-rate environment
By Upasana Singh and Rishav Chatterjee Australia's biggest banks are likely to report narrower profit margins in the
2023-08-08 08:25
EV firm Proterra files for Chapter 11 bankruptcy
(Reuters) -Electric vehicle company Proterra has filed for Chapter 11 bankruptcy protection in the United States, according to a court
2023-08-08 05:48
UBS rejigs investment bank in bid to better compete with Wall Street
LONDON UBS announced an overhaul of its investment banking division on Monday, including naming the unit's M&A chiefs,
2023-08-07 22:45
US banking starts to pick its battles against new capital rules
By Douglas Gillison, Nupur Anand and Tatiana Bautzer Now that regulators in Washington have unfurled a hefty reform
2023-08-07 18:23
Yellow files for bankruptcy after shutting down
Yellow Corp., a US trucking company that was once dominant in its field, has filed for bankruptcy as it winds down the 99-year-old business.
2023-08-07 15:23
U.S. trucking firm Yellow files for bankruptcy after loading up on debt
U.S. trucking firm Yellow Corp filed for Chapter 11 bankruptcy protection on Sunday, burdened with a heavy debt
2023-08-07 11:19