 | | | | Credit Suisse has hired a senior Barclays dealmaker to lead its investment banking business in Spain and Portugal, in a bid to strengthen its presence in a region where activity surged last year. | | | | | | Romania's central bank board unanimously voted to raise the benchmark interest rate by a bigger than expected 75 basis points to 3.75% at its May 10 meeting as it expected sharply higher inflation, minutes published on Friday showed. | | | | | | Russia's central bank will lift a ban on short selling on June 1, Tinkoff Investments, one of Russia's leading brokerage platforms said on Friday, citing a central bank note sent to brokerages. | | | | | | OTP Bank will step up lending to Ukraine's farmers this year under a Kyiv-backed programme to help them overcome financing problems due to the Russian invasion, an executive at the Hungarian bank told Reuters. | | | | | | Russia's largest lender Sberbank on Friday said it had appointed Taras Skvortsov as acting finance director, following a spate of high-profile exits that included former CFO Alexandra Buriko. | | | | | | New Development Bank (NDB), established by the BRICS group of emerging economies, said on Friday it would set up a regional office in India for funding and monitoring infrastructure projects in that country and Bangladesh. | | | | | | JPMorgan Chase & Co plans to make further inroads in Germany by targeting more of the medium-sized firms that form the backbone of Europe's largest economy, executives at the U.S. bank said. | | | | | | Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia. | | | | | | Archegos Capital Management founder Bill Hwang will get a new judge for his U.S. fraud trial, after the judge assigned to the case recused himself on Thursday due to his wife's ties to banks that could have been caught in the investment firm's meltdown. | | | | | | Sweden has an urgent need for further policy tightening so that the central bank does not have to take even tougher measures further ahead, Deputy Governor Martin Floden said on Thursday. | | | | | |
