(Reuters) – London shares rose at the open on Friday, with bank stocks rallying as support measures eased fears of a global banking meltdown and as commodity-linked stocks tracked commodity prices higher. By 0815 GMT, the blue-chip FTSE 100 rose 1.1%, extending gains after rising nearly 1% in the previous session. Fears of a global …
Banks, energy stocks push FTSE 100 higher on open as crisis fears ease Read More »
FRANKFURT (Reuters) – The European Central Bank needs to keep raising interest rates because underlying price growth is sticky and risks to the inflation outlook are skewed towards higher readings, ECB policymaker Peter Kazimir said on Friday. The ECB raised interest rates by 50 basis points on Thursday and projected inflation above its target through …
ECB needs to keep raising rates as core inflation is sticky: Kazimir Read More »
(Reuters) – European shares extended recovery for a second straight session on Friday as supportive measures for banks in the United States and Europe calmed fears about an imminent collapse, but the index was set to post a second straight weekly drop. The pan-European STOXX 600 rose 0.8% by 0805 GMT, as banks gained 1.3%, …
European shares rise as banking turmoil fears ease; set to end week lower Read More »
PARIS (Reuters) – The European Central Bank’s decision to raise interest rates by half a point on Thursday reflects the central bank’s priority of fighting inflation and also signals strong confidence in the solidity of European banks, French ECB policymaker Francois Villeroy de Galhau said on Friday. “French and European banks are very solid,” Villeroy, …
ECB’s Villeroy: rate hike signals strong confidence in European banks Read More »
ZURICH (Reuters) – Deutsche Bank paid Chief Executive Christian Sewing 8.9 million euros ($9.49 million) in 2022, up slightly from 8.8 million euros a year earlier, the bank disclosed on Friday, rewarding him for a third consecutive year of profit and hitting key milestones in the lender’s restructuring. The bonus pool for the entire bank …
Deutsche Bank CEO paid 8.9 million euros in 2022 Read More »
(Reuters) – A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled U.S. lender’s shares showed investors were still worried about cracks in the sector. Large U.S. banks injected the funds into San Francisco-based bank on Thursday, swooping in …
Bank rescues ease crisis fears, investors still wary Read More »
BERLIN (Reuters) – Strikes at four German airports led to the cancellation of hundreds of flights on Friday in the latest bout of industrial action to disrupt travel plans in recent months. German union Verdi called on security and ground handling staff at airports in Duesseldorf, Cologne/Bonn, Stuttgart and Baden-Baden to strike over pay and …
Flights cancelled in fresh round of strikes at German airports Read More »
(This March 16 story has been refiled to correct a word in the quote in paragraph 7) By Lananh Nguyen, Pete Schroeder, Andrea Shalal and Megan Davies (Reuters) – First Republic Bank’s shares fell 17% in extended trading on Thursday, despite an unprecedented show of support in the bank from nearly a dozen of the …
First Republic shares fall despite unprecedented Wall Street rescue deal Read More »
(Reuters) -DBRS Morningstar became the first global rating agency to cut Credit Suisse’s credit score on Thursday, less than a day after a major share price plunge saw Switzerland’s central bank provide emergency support to the lender. The move follows Moody’s earlier saying it will monitor Credit Suisse’s situation and “act appropriately” regarding its rating. …
DBRS Morningstar cuts Credit Suisse credit rating to ‘BBB’ Read More »
By Howard Schneider WASHINGTON (Reuters) – Global central bankers on Thursday rolled out what appears to be an emerging effort to firewall the rate increases needed to fight inflation from separate efforts to calm fears about financial stability. After a week of tension in financial markets the European Central Bank became the first mover in …
ECB sets rate hike template as Fed opens liquidity tap Read More »
