UK Banks Set to Reap Billions From Hedging Against Rising Interest Rates
The UK’s biggest banks stand to gain billions this year from hedging against rising rates. Structural hedges, the
2023-08-03 12:20
U.S. Bancorp to Sell Shares to MUFG After Union Bank Acquisition
U.S. Bancorp plans to issue $936 million in shares to Mitsubishi UFJ Financial Group Inc. following its acquisition
2023-08-03 08:26
Dimon Calls Higher US Capital Rules ‘Hugely Disappointing’
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called new plans for more stringent capital rules “hugely
2023-08-03 03:53
Wells Fargo to Tap Corporate Bond Market Despite US Credit Downgrade
A handful of borrowers, including Wells Fargo & Co., are selling fresh debt in the US investment-grade bond
2023-08-03 03:26
Tunisia Installs New Premier, Adding to Angst Amid IMF Delay
Tunisia’s President Kais Saied replaced his prime minister of almost two years with a little-known figure, injecting fresh
2023-08-02 20:28
Egypt Currency Squeeze Sinks Bank Foreign Buffers to New Low
Net foreign assets held by Egypt’s commercial banks went into a record deficit in June, as a lack
2023-08-02 16:50
Turkey’s Debt Ratings Hinge on Erdogan’s Policy Follow-Through
Credit-rating companies are facing a pivotal moment as Turkish President Recep Tayyip Erdogan takes on a new, more
2023-08-02 15:57
India to Pick Up Half of China Commodities-Demand Drop, Says ANZ
India could pick up almost half of the shortfall from slowing demand growth for commodities in China this
2023-08-02 15:27
Thailand Raises Key Rate to 9-Year High as Recovery Intact
Thailand’s central bank raised its benchmark interest rate to the highest level in nine years, amid concerns about
2023-08-02 15:18
Analysts Say US Dollar’s Drop on Fitch Downgrade Unlikely to Persist
Investors will continue to scoop up Treasuries despite Fitch Ratings’ move to cut the US’ credit rating although
2023-08-02 10:46
Credit Suisse to Shutter Houston Office as Part of UBS Takeover
Credit Suisse Group AG is closing its office in Houston as part of the bank’s emergency takeover by
2023-08-02 07:49
US Credit Rating Downgraded From AAA by Fitch
The US was stripped of its top-tier sovereign credit grade by Fitch Ratings, which criticized the country’s ballooning
2023-08-02 07:48