FRANKFURT (Reuters) -Euro zone banks need to get into the habit of tapping the European Central Banks for cash, preparing for the continued decline in excess liquidity in the banking system, two top ECB officials said in a blog post on Tuesday. Banks still sit on almost 3 trillion euros of excess liquidity, created by …
Euro zone banks must get into habit of tapping ECB for cash, ECB argues Read More »
ZURICH (Reuters) – Weaknesses in the capital regime for the Swiss banking sector still need to be addressed after the 2023 collapse of Credit Suisse, the Swiss National Bank said on Tuesday, backing government efforts to make the industry more robust. Switzerland has pledged to introduce stricter banking regulations in response to the demise of …
SNB pushes for weaknesses in banks’ capital regime to be addressed Read More »
A look at the day ahead in European and global markets from Tom Westbrook A phone call between Donald Trump and his Russian counterpart Vladimir Putin is on markets’ radar this morning as the U.S. pushes for a ceasefire and peace deal in Ukraine – ahead of a slew of central bank meetings later in …
Morning Bid: All eyes on Trump-Putin talk, and then on cenbank deluge Read More »
(Reuters) – Britain’s business and trade secretary Jonathan Reynolds travels to Washington on Tuesday to meet his U.S. counterparts in the hope of strengthening economic ties, as President Donald Trump continues to target long-standing allies with tariffs. Reynolds is due to meet U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer, Britain’s Department of …
UK cabinet minister heads to Washington for trade, economy talks Read More »
By Andrea Shalal WASHINGTON (Reuters) -UK business minister Jonathan Reynolds will meet with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer in Washington on Tuesday to advance discussions on a bilateral trade agreement, the British embassy said. Reynolds will discuss deeper UK-U.S. ties to benefit industry, business and consumers, building on discussions …
UK business minister Reynolds to visit Washington for trade talks Read More »
(Reuters) -A top U.S. banking regulator terminated a 2021 consent order against Wells Fargo for deficiencies in its home lending loss mitigation practices, the Wall Street giant said on Monday, bringing it closer to ending near-decade-old regulatory woes. The move marks the fifth closed consent order – an enforcement action involving a fine or specific …
Wells Fargo takes another step forward as OCC terminates 2021 consent order Read More »
(Reuters) – London-listed Glencore has made an offer to acquire Canadian lithium battery recycling company Li-Cycle as part of a proposal to offset operational and financial issues. In a letter to a board chair, dated March 14, Glencore said it would like to commence discussions with the company and Li-Cycle’s other stakeholders regarding the potential …
Glencore approached battery recycler Li-Cycle for potential deal Read More »
By Friederike Heine and Andreas Rinke BERLIN (Reuters) -Germany’s constitutional court on Monday threw out new challenges by opposition parties against a plan by the prospective coalition government to push a massive public borrowing initiative through the outgoing parliament. The decision paves the way for parliament to convene on Tuesday to consider the proposals of …
German court throws out new challenges against Merz’s borrowing plans Read More »
By Paul Sandle LONDON (Reuters) – Britain must leverage its strengths to influence how artificial intelligence is deployed around the world, DeepMind founder Demis Hassabis said on Monday, as the AI research firm’s owner Google announced upgrades to its offering in the country. Hassabis, who founded DeepMind in London in 2010 and sold it to …
UK must have global ambition in AI, DeepMind’s Hassabis says Read More »
(Reuters) -A story on Google expanding its partnership with Reddit was based on outdated information and has been withdrawn. There will be no substitute. STORY_NUMBER: L4N3Q01C1 STORY_DATE: 17/03/2025 STORY_TIME: 1859 GMT
