Tag: Banking
Bankia insurance business taken over by Caixa Bank from Mapfre
Spanish insurer Mapfre said that it had sold its stake in Bankia’s insurance business to Caixabank in a 571 million-euro ($645.12 million) deal. This is although...
$61.5 MLN fined by StanChart for misreporting liquidity position
The Bank of England said that it was fining Standard Chartered 46.55 million pounds ($61.51 million). This is for misreporting its liquidity position to the regulator...
British banks lift FTSE 100 after BoE raises rate
Shares in British banks rallied, lifting the blue-chip FTSE 100. This is after the Bank of England stunned investors with an interest rate hike. This is the...
BoE becomes first major central bank to raise rates since the...
The Bank of England became the world’s first major central bank. They have raised the interest rates since the pandemic hammered the global economy....
Citigroup pauses buybacks briefly due to new capital rule
Chief Financial Officer Mark Mason stated that the Citigroup Inc is pausing buybacks of its stock this quarter. This is because of the expected...
Spain’s Sabadell rejects offer from Co-op bank
Spain’s Sabadell said that its board has rejected an offer from Co-operative Bank for its British subsidiary TSB. This is after Sky News first reported about...
Former Credit Suisse security head targeted
Credit Suisse’s former head of global security services is one of three people targeted in a new investigation. This was announced by Swiss financial...
Stanchart sets new interim goals
Standard Chartered set new targets for reducing its funding to carbon intensive sectors by 2030. This is as a part of the goal to...
Central bank moves among the top risks to global economy
Central banks reducing emergency stimulus too quickly. And then, the supply chain disruption is among the top risks to the world economy. This is according...
BoE chief economist says UK inflation could top 5%
The Bank of England’s new chief economist, Huw Pill, said that inflation in Britain could surpass a 5%. The Financial Times reported this news. Pill told...
