Lula’s honeymoon with Brazil markets ends amid spending plan fears

Lula’s honeymoon with Brazil markets ends amid spending plan fears

BRASILIA, Nov 10 (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s brief honeymoon with financial markets looked finished on Thursday, as he pushed for more room to grow social spending without setting long-term fiscal rules or naming his top economic policymakers. Brazil’s currency and benchmark Bovespa stock index (.BVSP), which rose last week as … Read more

Exclusive: Credit Suisse sounds out investors about capital hike – sources

Exclusive: Credit Suisse sounds out investors about capital hike – sources

The logo of Swiss bank Credit Suisse is seen at an office building in Zurich, Switzerland September 2, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, Sept 23 (Reuters) – Credit Suisse is sounding out investors for fresh cash, two people familiar with the matter said, approaching them for the … Read more

Bank holdups snowball in Lebanon as depositors demand their own money

Bank holdups snowball in Lebanon as depositors demand their own money

Register now for FREE unlimited access to Reuters.com Register Five more depositors hold up banks to access their money Depositors cash out $60,000, only some in custody Banks announced three-day closure over security concerns Frustration over frozen savings, spiralling crisis BEIRUT, Sept 16 (Reuters) – Five Lebanese banks were held up by depositors seeking access … Read more

Depositors hold up two Lebanese banks to grab their own money

Depositors hold up two Lebanese banks to grab their own money

Register now for FREE unlimited access to Reuters.com Register Lebanese barred from their deposits during crisis Woman storms bank to take her cash for sick sister Another armed man arrested after holding up another bank Phenomenon illustrates woes of ‘failed state’ Lebanon BEIRUT, Sept 14 (Reuters) – Two seemingly armed and desperate Lebanese depositors held … Read more

Credit Suisse sells trust business, seeking break with past

Credit Suisse sells trust business, seeking break with past

A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, Sept 6 (Reuters) – Credit Suisse Group (CSGN.S) is selling its global trust business, an offshore arm for wealthy clients, as it embarks on an overhaul of … Read more

JPMorgan suspends buybacks, warns on global economy as profit slumps

JPMorgan suspends buybacks, warns on global economy as profit slumps

July 14 (Reuters) – JPMorgan Chase & Co’sJamie Dimon struck a cautious note on the global economy as America’s largest bank reported a worse-than-expected 28% fall in quarterly profit and suspended share buybacks in the face of growing risks of a recession. The chief executive also stressed the need to build capital reserves due to … Read more

Bitcoin hovers near MicroStrategy ‘margin call’ price

Bitcoin hovers near MicroStrategy ‘margin call’ price

A stock graph is seen with a representation of bitcoin in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register SINGAPORE, June 14 (Reuters) – Bitcoin neared a price level on Tuesday that could force software firm MicroStrategy Inc (MSTR.O) to add more tokens … Read more

Erdogan says won’t let ‘terrorism-supporting’ countries enter NATO -media

Erdogan says won’t let ‘terrorism-supporting’ countries enter NATO -media

Turkish President Tayyip Erdogan speaks during a ceremony at the Golcuk Naval Shipyard in Izmit, Turkey May 23, 2022. Presidential Press Office/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register ISTANBUL, May 29 (Reuters) – Turkish President Tayyip Erdogan said talks with Finland and Sweden about their joining NATO were not at … Read more

G7 to phase out Russian oil, U.S. sanctions Gazprombank execs over Ukraine war

G7 to phase out Russian oil, U.S. sanctions Gazprombank execs over Ukraine war

U.S. President Joe Biden delivers remarks on economic growth, jobs, and deficit reduction in the Roosevelt Room at the White House in Washington, U.S., May 4, 2022. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Reuters.com Register WILMINGTON, Del., May 8 (Reuters) – Group of Seven (G7) nations committed on Sunday to ban or … Read more

EXCLUSIVE customers urge the top custodian banks to stay in Russia

EXCLUSIVE customers urge the top custodian banks to stay in Russia

Banks are facing increasing pressure to commit to custody roles Banks say they will meet existing customers’ obligations Some customers are afraid that exit will follow as costs increase LONDON / NEW YORK, March 23 (Reuters) – Global banks including Citigroup Inc (CN), JPMorgan Chase & Co (JPM.N) and Societe Generale (SOGN.PA) face pressure to … Read more