 | | | | British bank Barclays PLC on Thursday raised the minimum hourly wage for its U.S. employees to $20.50 from $17, months after a similar move by rival Bank of America Corp . | | | | | | Battered euro zone bonds recovered ground on Thursday, but were set to end March with one of their biggest selloffs in years as rising inflation and rate-hike risks left German Bund yields on track for their biggest monthly jump since 2009. | | | | | | Credit Suisse's board will leave managers potentially liable for the collapse of its Greensill-linked funds when it asks shareholders to grant them a discharge for other activities, the bank said on Wednesday, as a group of investors pushed for a special audit. | | | | | | State Bank of India is considering offloading pools of non-performing retail loans worth less than 10 billion rupees ($132 million) to asset reconstruction companies, a strategy typically used for larger corporate loans. | | | | | | Prosecutors searched the offices of Swiss private bank Pictet in mid-March in connection with a criminal probe into dealings with Brasilian state-run oil firm Petrobras, the bank confirmed following media reports on Wednesday. | | | | | | Annual inflation in Russia accelerated to 15.66% as of March 25, its highest since September 2015 and up from 14.53% a week earlier, the economy ministry said on Wednesday, as the battered rouble sent prices soaring amid unprecedented Western sanctions. | | | | | | Italian investors led by Milanese asset manager Banca Mediolanum bought into an Hong Kong initial public offering by luxury yacht maker Ferretti, which saw Chinese investors take the lion's share, a person with knowledge of the matter said. | | | | | | Britain's financial watchdog said on Wednesday it has extended temporary licences for only a "small number" of cryptocurrency firms ahead of an April 1 cut-off date to prove sufficient money laundering controls. | | | | | | The Intercontinental Exchange is considering shifting the clearing of contracts that underpin global debt markets away from London, two industry sources said on Wednesday. | | | | | | Swiss Re shareholders have been urged to vote against the re-election of Chairman Sergio Ermotti at the reinsurance company's annual general meeting. | | | | | |
