Frankfurt builds up clearing volumes as EU seeks to pull business from London

Frankfurt builds up clearing volumes as EU seeks to pull business from London

A general view shows the German stock exchange (Deutsche Boerse) in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing Rights LONDON, Nov 21 (Reuters) – Deutsche Boerse’s (DB1Gn.DE) derivatives arm said on Tuesday that it has been building up volume in its Euribor futures contract in Frankfurt as the European Union vies with … Read more

IPO laggards’ race to the bottom misses the target

IPO laggards’ race to the bottom misses the target

A view shows the Milan stock exchange building, as stocks slid in the first hours of trading after fears that the collapse of Silicon Valley Bank could trigger a broader financial crisis, in Milan, Italy, March 13, 2023. REUTERS/Claudia Greco Acquire Licensing Rights MILAN, Nov 10 (Reuters Breakingviews) – Italy is scrambling to make its … Read more

Goldman Sachs developing dozen generative AI projects -exec

Goldman Sachs developing dozen generative AI projects -exec

[1/4]George Lee, co-head of the office of applied innovation for Goldman Sachs, speaks during the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 9, 2023. REUTERS/Brendan McDermid Acquire Licensing Rights NEW YORK, Nov 9 (Reuters) – Goldman Sachs (GS.N) is working on a dozen projects which will incorporate generative artificial intelligence into … Read more

Santander’s Botin plans push in US corporate banking for renewables, auto lending

Santander’s Botin plans push in US corporate banking for renewables, auto lending

Ana Patricia Botin, chairwoman of the Spanish bank Santander, speaks during the annual results presentation at the company’s headquarters in Boadilla del Monte, outside Madrid, Spain, February 2, 2023. REUTERS/Violeta Santos Moura Acquire Licensing Rights NEW YORK, Nov 9 (Reuters) – Banco Santander Executive Chair Ana Botin plans to deepen the lender’s corporate banking presence … Read more

HSBC to build large personal banking business in India – country CEO

HSBC to build large personal banking business in India – country CEO

HSBC Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights MUMBAI, Nov 9 (Reuters) – HSBC (HSBA.L) aims to further expand personal banking in India to serve the country’s fast-growing pool of high-earning professionals, after the launch there in July of its private bank, its India CEO … Read more

Agrochemicals group Syngenta indicates $10 bln IPO likely next year

Agrochemicals group Syngenta indicates $10 bln IPO likely next year

A logo is seen at the headquarters of agricultural chemical maker Syngenta in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing Rights ZURICH, Nov 9 (Reuters) – Swiss agrochemicals company Syngenta said on Thursday it was still planning to complete its $10 billion flotation, but indicated weak financial markets made it more likely … Read more

BofA CEO Moynihan says US economy headed for soft landing

BofA CEO Moynihan says US economy headed for soft landing

NEW YORK, Nov 8 (Reuters) – Bank of America (BAC.N) CEO Brian Moynihan said on Wednesday he expects a soft landing in which the U.S. economy avoids a recession even as consumer spending and commercial borrowing slow. “Our research team is the best in the business and they have moved to the soft landing category. … Read more

For global banks, India could soon be worth it

For global banks, India could soon be worth it

A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas Acquire Licensing Rights BENGALURU, Nov 7 (Reuters Breakingviews) – Global banks’ CEOs have descended on Hong Kong for a financial leaders summit hosted by the city’s monetary authority but investment bankers based in the hub are … Read more

Exclusive: Cigna explores shedding Medicare Advantage business -sources

Exclusive: Cigna explores shedding Medicare Advantage business -sources

Signage for Cigna is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights NEW YORK, Nov 6 (Reuters) – U.S. health insurer Cigna Group (CI.N) is exploring the sale of its Medicare Advantage business, which manages government health insurance for people aged 65 and … Read more

US Treasuries basis trades seen as less profitable as funding costs rise

US Treasuries basis trades seen as less profitable as funding costs rise

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights NEW YORK, Nov 3 (Reuters) – A hedge fund arbitrage trading strategy that likely exacerbated a crash in the world’s biggest bond … Read more