Citi, British International Investment agree $100 million risk-sharing lending deal for Africa
British International Investment (BII) and U.S. bank Citigroup Inc (C.N) have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across Africa by...
Barclays to refile U.S. statements this month, resume buyback
Barclays (BARC.L) said it expects to refile financial statements with U.S. regulators by the end of May, paving the way to resume a 1 billion pound ($1.23...
Crypto world stabilizes, bitcoin rallies after stablecoin slide
Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called...
HSBC hires Robey Warshaw to advise on Ping An break-up pressure
HSBC (HSBA.L) has hired Robey Warshaw to assist an internal review into its strategy, after a push from its largest shareholder Ping An to spin off the...
HSBC launches $1 bln lending fund for female entrepreneurs
HSBC Holdings (HSBA.L) said on Thursday it was launching a $1 billion lending fund to invest in female-owned businesses over the next 12 months. "The level of...
Explainer: Why the U.S. stock market is tumbling in 2022
The U.S. stock market is off to brutal start in 2022. The S&P 500 (.SPX), which is widely considered to be the main benchmark for U.S....
Explainer: Does the cryptocurrency crash pose a threat to the financial system?
On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value...
ECB should raise rates in July to curb inflation -Bundesbank chief
The European Central Bank should raise interest rates in July to stop high inflation becoming entrenched, German Bundesbank chief Joachim Nagel said on Tuesday, joining...
BoE’s Pill says UK must accept income hit from high inflation
People and businesses in Britain need to realise they are unlikely to recover the income lost to high inflation any time soon, the Bank of...
Switzerland names new vice chairman of Swiss National Bank’s governing board
Switzerland's Federal Council has appointed Martin Schlegel as vice chairman of the governing board of the Swiss National Bank, succeeding Fritz Zurbruegg as head of...