Thursday, 3 February 2022

Reuters Global Investor: Nordea expects higher 2022 costs but better profitability

Nordea expects higher 2022 costs but better profitability

Nordea Bank unveiled more ambitious profitability targets on Thursday but the Nordic region's biggest lender also said it expects costs to rise this year.

The U.S. yield curve has been flattening - Why you should care

The U.S. Treasury yield curve has been flattening over the last few months as the Federal Reserve prepares to hike rates, and some analysts are forecasting more extreme moves or even inversion.

ING shares dip 4% after earnings; provisions rise on inflation worries

ING Groep NV reported higher-than-expected provisions in its fourth quarter earnings report on Thursday, as the largest Dutch bank braced for the impact of higher inflation on customers.

Danske Bank dividend policy brings Estonia case back in spotlight

Danske Bank on Thursday maintained its 2023 profitability target and said it expected to increase profits this year, but uncertainty over dividend payments brought potential money laundering fines back in focus.

Spanish lender Unicaja Q4 books loss on falling lending income

Lower lending income and one-off charges were responsible for a loss of 18 million euros ($20.33 million) at Spanish lender Unicaja in the fourth quarter, despite an increase in fees.

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Investors bank on real yields to boost dollar in months ahead

The dollar's choppy start to the year has not dissuaded some investors from betting the U.S. currency will soon resume its march higher, lifted by a hawkish Federal Reserve and rising real yields.

Banks open fixed income front in Europe's data price battle

The price of bond market data has risen by half over the past five years, which could prompt some users to quit the market and damage liquidity, industry body AFME said on Thursday.

EXCLUSIVE Nubank sees Brazil downturn as a chance to grow faster -CEO

Brazil's economic downturn may represent an opportunity for Latin America's newest listed lender to gain market share aggressively despite the riskier environment, the founder and CEO of digital bank Nubank , David Velez, said.

Equities-focused hedge funds end January down

Stock-picking hedge funds ended a volatile January with losses after markets went on a roller-coaster ride on geopolitical turmoil and the prospect of rising interest rates, but market participants say the performance has not dampened demand.

Swedbank shares hit by interest income dip

Swedish lender Swedbank reported slightly worse than expected quarterly earnings on Wednesday, with a drop in interest income disappointing investors and sending its shares down more than 4%.

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