financial firms

 
 

Eurozone loan growth picks up in April

FRANKFURT, May 28 — Growth in lending to firms and households in the eurozone picked up in April, official data showed today, in a glimmer of encouragement for a bloc still stalked by gloom. The pace of growth in credit to the private sector…


German tax investigators swoop in ‘Offshore Leaks’ raids

BERLIN, May 15 — German investigators swooped on the homes of wealthy individuals and financial firms today in nationwide dawn raids, as part of a tax evasion investigation triggered by high-profile media leaks. Officials searched the homes of…


ECB hikes banking supervision bill over Brexit moves

FRANKFURT, April 30 — The European Central Bank (ECB) today upped the supervisory fees it charges major banks this year, as its task has swelled with financial firms moving to the eurozone from London in response to Brexit. Lenders’ moves…


Eurozone loan growth lets up pace in March

FRANKFURT, April 29 — The pace of growth in lending to eurozone households and businesses fell back in March, European Central Bank data showed today, in a fresh pointer towards slowing growth across Europe. Overall growth in loans to the private…


EU watchdogs give banks no leeway on Brexit-driven hub demands

LONDON, April 23 — European Union regulators are refusing to cut British-based banks any slack over bulking up in the bloc in preparation for Brexit, despite an extension to the process which some have taken as an opportunity to drag their feet….


Women running the money? Rarely at hedge funds

LONDON, March 29 — Generous salary and juicy bonus? Check. Client meetings at private members’ club? Check. Swanky Mayfair office? Check. Company maternity scheme? Maybe, we’ll get back to you. In the competition for talent, the hedge fund…


Wall Street tumbles on global economic slowdown fears

NEW YORK, March 23 — Wall Street stocks sold off sharply yesterday, with all three major US stock indexes posting their biggest one-day percentage declines since January 3, as weak factory data from the United States and Europe led to an inversion…


Bank of England to set new rules on climate risk, says Carney

LONDON, March 22 — The Bank of England will soon spell out how it wants banks, insurers and investment companies to manage the financial risks from climate change, Governor Mark Carney said yesterday. The central bank under Carney has been vocal…


Top bankers back London as financial hub whatever Brexit outcome

LONDON, March 21 — London will be central to global financial markets whatever shape Britain’s exit deal from the European Union (EU) takes, senior players in British banking said today. Barclays chairman John McFarlane said he was confident…


UK watchdog urges EU financial firms to take no-deal Brexit action

LONDON, March 21 — Asset managers and other financial firms from the European Union have only a week to register with UK regulators to continue operating in Britain in the event of a no-deal Brexit, a senior regulator said today. British Prime…