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Credit Suisse entities agree to settle lawsuit in U.S. for $81 million – court filing

12 Feb 2022

WASHINGTON (Reuters) – Credit Suisse Group AG entities, among six defendants in a lawsuit originally filed by Iowa Public Employees Retirement System and other retirement associations, has agreed to pay $81 million, the first to agree to settle, the law firm Cohen Milstein Sellers & Toll PLLC said in a release. “This first settlement agreement …

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ECB’s Visco says flexible approach needed in unwinding stimulus

12 Feb 2022

By Francesca Landini PARMA, Italy (Reuters) -The European Central Bank (ECB) will keep a flexible approach as it unwinds its ultra-expansionary monetary policy, monitoring not only inflation threats but also risks of uneven financing conditions across euro zone countries, a top policymaker said. ECB Governing Council member Ignazio Visco told a conference that the impact …

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Credit Agricole to focus on internal growth to expand in Italy – paper

12 Feb 2022

MILAN (Reuters) – Credit Agricole will focus on internal growth to further boost its presence in Italy, the head of its Italian operations said in a newspaper interview published on Saturday. “Organic growth is the priority for Credit Agricole Italia,” Giampiero Maioli told financial daily Il Sole 24 Ore. Italy is Credit Agricole’s biggest foreign …

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Allianz launches $235 million bid for Greece’s European Reliance

12 Feb 2022

FRANKFURT (Reuters) – Allianz on Friday said it will pay about 207 million euros ($235 million) to acquire Greek insurer European Reliance, a move that will create the country’s fifth-largest insurer based on gross written premiums. The 7.80 euros per share bid represents a 15.7% premium to Friday’s closing price, Allianz said, adding it was …

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Bank of England expected to make first half-point move by May

11 Feb 2022

LONDON (Reuters) – Financial markets expect the Bank of England’s Monetary Policy Committee to raise interest rates by an unprecedented half a percentage point at its March or May meeting, and to make a quarter-point rise at the other, according to pricing on Friday. The BoE has only raised rates in quarter-point increments since it …

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More than 60 Telegram channels blocked in Germany – newspaper

11 Feb 2022

BERLIN (Reuters) – Messenger service Telegram, which has proved popular with far-right groups and people opposed to COVID-related restrictions, has blocked 64 of its channels in Germany, Sueddeutsche Zeitung reported on Friday, without giving a source for the information. The move came after Germany’s Federal Criminal Police Office sent shutdown requests to the messenger service, …

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Twitter back online after software glitch disrupts services

11 Feb 2022

(Reuters) -Twitter Inc said on Friday it had fixed a software glitch in its micro-blogging website that had disrupted services for several thousands of its users. “We’ve fixed a technical bug that was preventing timelines from loading and Tweets from posting. Things should be back to normal now,” the company said in a tweet https://twitter.com/TwitterSupport/status/1492200491769597960. …

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