Tag: BNKS
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Exclusive: Bank of America promotes Bettamio to co-head of investment banking; Ahmad to co-head capital markets
NEW YORK, June 8 (Reuters) – Bank of America Corp (BAC.N) promoted the head of its Latin America business, Alex Bettamio, to co-head of global investment banking alongside Thomas Sheehan, according to a memo seen by Reuters on Thursday. The leadership change was one of several announced by the second largest U.S. bank. It also ... -
Barclays hit by more departures as Plaster, Hudson exit, sources say
NEW YORK, June 7 (Reuters) – Barclays (BARC.L) banker John Plaster, who led the bank’s power and utilities group in the Americas, has resigned to join Guggenheim Partners, people familiar with the matter said on Wednesday. Mark Hudson, a managing director who worked in the industrials group, is also leaving Barclays and will join Jefferies ... -
Man Group CEO says central banks have made little difference to inflation
LONDON, June 7 (Reuters) – Hedge fund Man Group (EMG.L) Chief Executive Luke Ellis believes central banks have not tamed inflation and threats to the broader economy persist, he said on Wednesday. “The bigger picture is that central banks think they’ve done a lot but they haven’t really made much difference to inflation at all,” ... -
Nigeria central bank allows naira to weaken 2% to record low
ABUJA, June 7 (Reuters) – Nigeria’s central bank allowed the naira to drop about 2% on the official market to a record low on Wednesday, but the currency’s rate remained above where it trades at central bank auctions and on the black market. Nigeria is trying to find a way to unify its multiple exchange ... -
BNP Paribas head of prime brokerage sales in EMEA leaving
LONDON, June 7 (Reuters) – Oliver Jacomb, head of prime brokerage sales for Europe, Middle East and Africa at BNP Paribas, is leaving the bank, one source familiar with the matter told Reuters. A spokesperson for BNP Paribas declined to comment, and Jacomb did not immediately respond to requests for comment sought via email or ... -
Aussie jumps on RBA hike, U.S. dollar edges higher
LONDON, June 6 (Reuters) – The Australian dollar jumped to its highest since mid-May on Tuesday after the Reserve Bank of Australia (RBA) raised interest rates, in a decision that many analysts had said would be a close call between a hike and a pause. The U.S. dollar edged back towards last week’s 2-1/2-month highs ... -
UK fines broker $21 mln for ‘cum-ex’ European tax scam
LONDON, June 5 (Reuters) – Britain’s Financial Conduct Authority (FCA) has fined broker ED&F Man Capital Markets Ltd (MCML) 17.2 million pounds ($21.35 million), its largest penalty yet in connection with Europe’s ‘cum-ex’ tax scam. The cum-ex trading scheme, which flourished after the 2008 global financial crisis, involved banks and investors swiftly dealing shares around ... -
TSX kicks off week on steady note, BoC decision awaited
Fairfax Financial up on plans to buy Kennedy-Wilson’s $2.1 bln loans Richelieu Hardware down after brokerage cuts rating TSX adds 0.1% June 5 (Reuters) – Canada’s main stock index edged up on Monday, aided by energy stocks, while investors awaited the Bank of Canada’s (BoC) rate-setting decision due this week. BoC is largely expected to ... -
UBS expects to seal Credit Suisse takeover as early as June 12
Credit Suisse will be merged into UBS after deal’s completion New group will oversee $5 trillion in assets UBS CEO has warned of painful decisions ahead UBS CEO: still analysing plan for Credit Suisse domestic business UBS shares indicated slightly higher in premarket ZURICH, June 5 (Reuters) – UBS (UBSG.S) expects to complete its takeover ... -
Forever in debt: Why U.S. loans are getting longer
NEW YORK, June 5 (Reuters) – Consumers facing high asset prices and rising interest rates have a few loan options. None are particularly attractive. Buyers of homes or new cars might be better off waiting. But if you must go ahead, either face taking on a big monthly payment, or stretching out the loan term ...
