Reuters US Money

ZURICH (Reuters) -Zurich Insurance will release about $1.2 billion of capital by selling its Italian life and pensions back book to Portuguese insurer GamaLife, the Swiss company said on Monday. The deal will also add 11 percentage points to its Swiss Solvency Test ratio and reduce credit risk exposure significantly, Zurich said. The transaction is …

Zurich Insurance to sell Italian life and pensions back book to GamaLife Read More »

ZURICH (Reuters) -The Swiss National Bank spent 2.79 billion Swiss francs ($3.05 billion) on foreign currencies during the third quarter, data showed on Friday, representing a decrease in its interventions despite the safe haven franc continuing to rise in value. The figure was less than the 5.44 billion francs spent by the SNB between April …

Swiss National Bank takes gas off forex purchases during Q3 Read More »

By Tommy Wilkes, Saqib Iqbal Ahmed and Elizabeth Howcroft LONDON/NEW YORK (Reuters) – In May, San Diego-based Emily was feeling flush from a year of double-digit gains earned from trading stocks. Equity options, which some fellow stay-at-home investors were dabbling in, would juice up her returns, she decided. Emily was among the army of small-time …

Analysis-Financial literacy or luck? The year small-time traders made a big impact Read More »

(Reuters) – Global equity funds saw massive inflows as risk sentiment returned with investors believing that the Omicron variant won’t bring a big setback to the world economy next year. According to Refinitiv data, investors purchased $33 billion worth of global equity funds in the week ending Dec. 22, compared with an outflow of $13.1 …

Global equity funds see big inflows as risk appetite rebounds Read More »

PARIS (Reuters) -Dutch financial services company ING will quit the French retail banking business, it said on Tuesday, in a move that could affect 460 employees. ING added talks were continuing with other companies regarding its French retail banking client portfolio. French newspaper Les Echos had earlier reported that SocGen, Credit Agricole and Credit Mutuel …

ING to quit French retail banking market, jobs at risk Read More »

By Gram Slattery, Marta Nogueira and Sabrina Valle RIO DE JANEIRO (Reuters) – France’s TotalEnergies, Royal Dutch Shell, Malaysia’s Petronas and Qatar Energy on Friday scooped up big offshore fields in Brazil together with state-owned Petrobras, paying nearly $2 billion to its cash-strapped government. While TotalEnergies (28%), Qatar Energy (21%) and Petronas (21%) made the …

Brazil’s oil auction raises $2 billion as Total, Shell pile in Read More »

(Reuters) – Morgan Stanley has increased parental leave in a major overhaul of employee benefits aimed at easing the strain on its workers, according to an internal memo seen by Reuters on Thursday, as major Wall Street banks battle for talent. The investment bank said parents – whether through new birth, adoption, foster care or …

Morgan Stanley increases parental leave in employee benefits overhaul – memo Read More »

By Fernando Kallas MADRID (Reuters) – Real Madrid, Barcelona and Athletic Bilbao are taking legal action against LaLiga over a 1.994 billion euro private equity deal that the administrators of elite Spanish soccer agreed last week, the clubs said on Wednesday. All but five of the 42 clubs in the top two divisions signed up …

Soccer-Real, Barca and Bilbao sue LaLiga over CVC deal Read More »