Monday, 7 February 2022

Reuters Global Investor: EXCLUSIVE Lebanon banks association rejects draft govt financial plan

EXCLUSIVE Lebanon banks association rejects draft govt financial plan

Lebanon's banking association on Monday rejected a draft government plan for tackling the country's financial crisis that proposes a haircut and partial bank bail-in on savers, saying it would cause a long loss of confidence in the financial sector.

Bank of America customers made $335 billion in payments in January

Bank of America said on Monday its customers made $335 billion in total payments in January, a 17% increase over January 2021.

Activist Ortelius seeks control of Trecora board, nominates six- letter

Activist investment firm Ortelius Advisors wants to take control of petrochemical products company Trecora Resources' board and has nominated six directors, according to a letter seen by Reuters.

Egypt to sign 2022 funding programme with ITFC in Feb

Egypt plans to sign a funding programme for 2022 with the International Islamic Trade Finance Corporation(ITFC) this month, Egypt's Ministry of Planning and Economic Development said on Monday.

Ant-backed MYBank fined for violating credit scoring management rules

China's central bank has imposed a 22.37 million yuan ($3.52 million) fine on MYBank, the online bank backed by China's Ant Group, for violations including breaching rules on credit scoring management and transacting with unidentified clients.

Taiwan lifts forex trading punishment on Deutsche -sources

Taiwan's central bank has allowed Deutsche Bank to start trading Taiwan dollar deliverable and non-deliverable forwards again, three sources told Reuters, after it suspended them as part of a crackdown on speculation last February.

LV= chairman to step down amid takeover approach by Royal London

Britain's LV= said on Monday its chairman Alan Cook would step down after members of the mutual life insurer voted in December to reject a takeover approach by private equity giant Bain Capital.

Credit Suisse faces money laundering charges in Bulgarian cocaine traffickers trial

Credit Suisse faced charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases.

ECB's Knot sees first interest rate hike in fourth quarter of 2022

Klaas Knot, the Dutch Central Bank President and a member of the European Central Bank's governing council, said on Sunday he expects the ECB to raise interest rates in the fourth quarter of this year.

Exchange operator Cboe's quarterly revenue tops views on higher volumes

Exchange operator Cboe Global Markets said on Friday its fourth-quarter profit surged 90%, topping Wall Street estimates on higher transaction volumes, notably in options, and lower-than-expected expenses.

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