Wednesday, 23 February 2022

Reuters Global Investor: Goldman Sachs seeks return of bonuses from bankers for jumping ship - Bloomberg News

Goldman Sachs seeks return of bonuses from bankers for jumping ship - Bloomberg News

Goldman Sachs Group Inc is exploring measures such as seizing vested pay to dissuade top bankers from leaving, Bloomberg News reported on Wednesday, citing people familiar with the matter.

ECB's de Guindos says asset purchases must end before raising rates

European Central Bank Vice-President Luis de Guindos said on Wednesday that the institution will first need to end asset purchases before interest rates can rise.

ECB should keep steady hand in face of shocks

The European Central Bank should keep a steady hand rather than tighten its policy in the face of external shocks like scarce supply and the green transition, ECB policymaker Mario Centeno said in an article published on Wednesday.

IMF urges Bank of England to be clear about stimulus plans

The International Monetary Fund told the Bank of England on Wednesday to be clear about its plans to withdraw stimulus for Britain's economy, following criticism of the central bank's communications in recent months.

Broker Peel Hunt flags profit miss on delay in investment banking deals

British broker Peel Hunt said on Wednesday it expected full-year earnings to miss analyst views, hurt by deal delays in its investment banking unit and a slowdown in its trading division, sending its shares more than 13% lower in early trade.

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Insurer Phoenix Group appoints Alastair Barbour as interim chair

British insurer Phoenix Group on Wednesday appointed senior independent director Alastair Barbour as interim chairman to replace current Chairman Nicholas Lyons, who will go on a sabbatical.

Metro Bank's annual loss narrows, cautious on outlook

Metro Bank said on Wednesday its annual loss narrowed and it has put aside 5.3 million pounds ($7.2 million) to resolve an investigation by Britain's financial regulator into the high street lender's 2019 accounting blunder.

Barclays boosts investor payouts after record annual profit

Barclays reported a record annual profit for 2021 and returned 2.5 billion pounds to shareholders via dividends and buybacks, as bad loan charges plunged and its investment bank continued its strong recent performance.

Munich Re forecasts 2022 profit lift after pandemic rebound

German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback in 2021 from the coronavirus pandemic despite big claims from natural disasters.

First Abu Dhabi Bank set to sell $500 million sukuk

First Abu Dhabi Bank , the United Arab Emirates' largest lender, is set to sell $500 million in senior unsecured Islamic bonds at 75 basis points over U.S. Treasuries, bank documents showed.

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