Banks
Eurozone banks lower bar on mortgages but demand keeps falling: ECB
EUROZONE banks lowered the bar on mortgage approvals last quarter for the first time in over two years but demand for credit kept falling amid high borrowing costs and...
Swiss National Bank’s chairman against issuing retail central bank digital currency
THE Swiss National Bank sees no need for a central bank digital currency (CBDC) to be issued to the general public, chairman Thomas Jordan said on Monday (Apr 8).
“Consumers...
Bain Capital to sell US$429 million stake in India’s Axis Bank, term sheet shows
BAIN Capital plans to sell stake worth US$429 million in Indian private lender Axis Bank on Tuesday (Apr 9), according to a term sheet seen by Reuters.
The private equity...
JPMorgan says CEO transition a top board priority over medium term
JPMORGAN said on Monday (Apr 8) that an orderly CEO transition is the top priority for its board in the medium term.
The board is “spending significant time on developing...
JPMorgan says CEO transition is a top priority, cites potential Dimon successors
JPMORGAN Chase’s board said an orderly CEO transition was a top priority for the largest US bank in the medium term, more than 18 years after Jamie Dimon took...
Italy has room to consolidate banks: UBS chief
UBS Group chief executive officer Sergio Ermotti sees the potential for consolidation among Italian banks as a way to strengthen the country’s financial institutions.In an interview with Il Sole...
Hong Kong’s ZA Bank looks to offer Hong Kong accounts for stablecoin issuers
HONG Kong’s ZA Bank is talking to potential stablecoin issuers about setting up accounts for the cash reserves that would back the tokens.Alternate chief executive Devon Sin said the...
Banking bottleneck causing six-month delays for Russia-China payments: sources
AS THE threat of secondary sanctions deters Chinese banks from facilitating trade with Russia, companies are flocking to the one Russian bank with a Chinese branch and facing up...
