Bussiness

Credit Agricole launches China M&A and investment banking business

Posted by March 27, 2023

HONG KONG, March 27 (Reuters) - Credit Agricole (CAGR.PA), France's second-biggest listed bank, has become the latest foreign lender to boost its China investme

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Standard Chartered agrees to sell business in Jordan

Posted by March 26, 2023

DUBAI, March 26 (Reuters) - Standard Chartered (STAN.L) plans to sell its Jordanian business to Arab Jordan Investment Bank (AJIB) (AJIB.AM), the two parties sa

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Weil distress index shows UK companies at highest level since…

Posted by March 23, 2023

LONDON, March 23 (Reuters) - Corporate distress levels in Britain accelerated in the three months to February to their highest since June 2020, an index compile

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Central banks keep hiking rates amid banking turmoil

Posted by March 23, 2023

March 23 (Reuters) - The Bank of England on Thursday followed the Federal Reserve and the Swiss National Bank in ploughing on with interest rates hikes, saying

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US business equipment borrowings grow 11% in February – ELFA

Posted by March 22, 2023

March 22 (Reuters) - U.S. companies borrowed 11% more in February than last year to finance equipment investments, industry body Equipment Leasing and Finance A

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Morning Bid: Leaning back to Fed hike, UK inflation jolt

Posted by March 22, 2023

A look at the day ahead in U.S. and global markets from Mike DolanA semblance of banking calm has allowed markets to pick a lane and bet one last U.S. interest

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Fed in spotlight as US authorities focus on stability, First…

Posted by March 22, 2023

March 22 (Reuters) - U.S. authorities are set to explore ways to bolster financial stability, along with steps to tackle the problems facing First Republic Bank

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EU watchdog calls for urgent reform of money market funds

Posted by March 21, 2023

LONDON, March 21 (Reuters) - Reforms to tackle vulnerabilities in money market funds are urgently needed for the sector to cope better with economic shocks, a t

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Succession 101: Money lessons from TV’s dysfunctional empire

Posted by March 20, 2023

NEW YORK, March 20 (Reuters) - There are a lot of guilty pleasures out there, but here is one common to plenty of movers and shakers on Wall Street: Watching

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Credit Suisse rescue eases crisis fears, First Republic shares dive

Posted by March 20, 2023

March 20 (Reuters) - Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need a second rescue to stay afloat, bucking a broader r

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