 | | | | UBS Chief Executive Ralph Hamers said on Tuesday he expects to see more local mergers and acquisitions than cross-border consolidation in the European banking industry. | | | | | | French bank Societe Generale and Dutch rival ING said they were discussing the possibility of serving ING's online banking customers in France via SocGen's Boursorama, after ING's decision to quit the French market. | | | | | | Spanish bank Ibercaja has postponed an initial public offering (IPO) because of the volatility in international markets, the bank said on Tuesday in a filing to the Madrid market regulator. | | | | | | 2022 is off to a turbulent start for U.S. stocks. | | | | | | UBS on Tuesday reported its best annual profit since the global financial crisis, emboldening it to hike share buybacks and set more ambitious profit goals as it banks that more digital products will result in hefty cost-savings. | | | | | | U.S. inflationary pressures should ease in 2022 due to weaker demand for goods, easing supply bottlenecks and a receding coronavirus pandemic, the U.S. Treasury's top economist said on Monday. | | | | | | Jamaica will roll out its digital currency across the country in the first quarter of this year as part of an effort to lower transaction costs and provide financial services to citizens who do not use banks, a central bank official told Reuters. | | | | | | Italian investment fund FSI said on Monday it would take a 60% stake in the payment activities of Italian cooperative bank Iccrea Banca in a 500 million euro ($560 million) deal, after a spate of acquisitions in Italy's payment sector. | | | | | | Abu Dhabi Commercial Bank , UAE's third-biggest lender, beat expectations with a 44% rise in fourth-quarter net profit, boosted by higher net fee and commission income on cards and loans. | | | | | | A plan hatched by Cargill Inc and Continental Grain Co to combine two big chicken processors - Sanderson Farms and Wayne Farms - flies in the face of the Biden administration's efforts to fight not just consolidation in the sector, but inflation. | | | | | |
