Thursday 17 February 2022

Reuters Global Investor: NatWest faces $2.7 mln-plus damages claim after dismissing banker with cancer

NatWest faces $2.7 mln-plus damages claim after dismissing banker with cancer

NatWest Group is facing a 2 million pound-plus ($2.7 million) compensation claim after a London tribunal ruled it had discriminated against an employee and unfairly dismissed her two days after cancer surgery, her lawyer said on Thursday.

Goldman Sachs lifts key profit target in strategy update

Goldman Sachs on Thursday upgraded its key medium-term profitability target and said it would hit its efficiency ratio goal in 2022 as it provided an update on strategy and goals.

Germany's BaFin to ban sale of some futures products to retail clients

Germany's financial watchdog BaFin said on Thursday that it planned to clamp down on the marketing, distribution and sale of futures products with additional payment obligations.

StanChart CEO Winters keen to stay through 2024 at least

Standard Chartered Chief Executive Bill Winters is keen to stay at the bank at least until the delivery of its new goal to hit a double-digit return by 2024, he told Reuters on Thursday.

Turkish central bank holds rate at 14% despite inflation surge

Turkey's central bank kept its policy rate steady at 14% for the second straight month on Thursday as expected, despite a jump in inflation to nearly 50% after last year's easing cycle triggered a currency crisis.

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Age before apps revolt galvanises Europe's elderly savers

Aggravated by fiddly financial apps, retired urologist Carlos San Juan got more than he bargained for when he began a campaign for a more user-friendly service from Spain's banks.

Commerzbank sees strong 2022 as quarterly profit trounces estimate

Commerzbank swung to better than expected fourth-quarter and annual net profit despite a major overhaul, the German lender said on Thursday and painted a rosy picture for its 2022 outlook.

Insurer NN Group plans 1 bln euros share buyback as demand remains strong

Dutch insurer NN Group on Thursday announced a 1 billion euros ($1.14 billion) share buyback, as demand for insurance remained strong in the second half of last year, driven by extreme weather and the COVID-19 pandemic.

StanChart bets on rate hikes to hit lofty goals as profit disappoints

Standard Chartered has raised its core profitability goals and promised shareholders extra payouts, despite full year profit undershooting expectations, as it banks on inflation-battling rate hikes worldwide to boost lending.

Regulators are probing block trading on Wall St, but what is a block?

The U.S. Securities and Exchange Commission is investigating whether certain banks may have broken the rules by tipping off hedge funds ahead of large sales of shares, or "block trades," a source familiar with the situation told Reuters on Tuesday.

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