(Reuters) – Banking giant UBS is in discussions to take over all or part of Credit Suisse, with the boards of Switzerland’s two biggest lenders set to meet separately over the weekend, the FT reported on Friday, citing multiple people briefed on the talks. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Chris Reese)
(Reuters) – U.S. regulators are willing to consider the prospect of the government backstopping losses at Silicon Valley Bank and Signature Bank if it helps push through a sale, the Financial Times reported on Friday, citing people briefed on the matter. Sources told Reuters on Wednesday that regulators at the U.S. Federal Deposit Insurance Corp …
U.S. regulators willing to share losses for sale of SVB, Signature Bank – FT Read More »
LISBON (Reuters) -EasyJet Plc cabin staff in Portugal will go on a three-day strike in early April to demand higher wages to compensate for the soaring cost of living, the SNPVAC union of civil aviation flight personnel said on Friday. Workers at the British low-cost airline, who also seek better working conditions, are planning to …
EasyJet cabin staff in Portugal plan early April strike over pay Read More »
AMSTERDAM (Reuters) -BNP Paribas on Friday denied any interest in acquiring ABN Amro bank, following a report by a Dutch newspaper that the French bank had held talks last summer about taking a stake in ABN. “BNP Paribas Group reminds firmly that it has never shown any interest in the acquisition of ABN Amro,” the …
BNP denies interest in ABN Amro after Dutch newspaper report Read More »
By Paul Sandle LONDON (Reuters) -Britain’s telecoms regulator needs more time to consider BT’s wholesale pricing, it said on Friday after concerns were raised over the company’s boss saying its network expansion will “end in tears” for some of its competitors. BT wants to offer discounts to internet service providers such as Sky, Vodafone and …
UK’s Ofcom delays BT fibre pricing decision after CEO remarks Read More »
(Reuters) – British lender Non-Standard Finance outlined plans to recapitalise itself by raising about 95 million pounds ($115.57 million) through a share sale that would wipe out the interests of existing stockholders. Shares in the company fell 9.7% to 0.44 pence by 0832 GMT after its unsecured lending unit Everyday Lending on Friday launched a …
Lender NSF shareholders may lose all in sale plan Read More »
By Subhadeep Chakravarty (Reuters) -Goldman Sachs and two other banks expect the European Central Bank to deliver a smaller quarter-point hike in May as it grapples with stress in the banking sector and high core inflation. Goldman earlier expected the ECB to deliver a 50 bps hike in May. The Wall Street bank’s terminal rate …
Goldman Sachs and other banks expect smaller hike from ECB in May Read More »
ZURICH (Reuters) -Credit Suisse shares were down 4% at 0910 GMT on Friday having opened 1.8% higher in volatile trade. The stock, which plunged to 1.55 Swiss francs on Wednesday, traded at 1.94 francs from Thursday’s closing price of 2.022 francs. On Thursday the stock recovered 19% of its value after a 25% loss on …
Credit Suisse shares shed early gains, tumble 4% Read More »
By Valentina Za MILAN (Reuters) -UniCredit has told proxy advisers that their recommendation to reject the Italian bank’s new remuneration policy would result in higher fixed pay for CEO Andrea Orcel without a more challenging framework. UniCredit has proposed a new remuneration structure for its CEO that would boost his pay package by 30% if …
UniCredit says CEO’s salary would rise if pay policy rejected Read More »
FRANKFURT (Reuters) – The European Central Bank has convened an unscheduled meeting of its Supervisory Board on Friday to discuss stress and vulnerabilities in the euro zone bank sector after a recent selloff in bank shares, a spokesperson said. Bank stocks tumbled over the past week, spooked first by the collapse of Silicon Valley Bank …
ECB Supervisory Board meets to examine bank vulnerabilities Read More »
