 | | | | The Czech National Bank is likely to raise its main rate by 50 basis points to 5.50% on May 5, a Reuters poll suggested on Monday, pushing borrowing costs to their highest level since 1999 to face still-surging inflation. | | | | | | The Federal Reserve's well-telegraphed plan to hike interest rates by half a percentage point on Wednesday and start reducing its balance sheet has failed to ease inflation and growth worries, prompting bond investors to seek safety by adjusting the duration of their portfolios. | | | | | | German landlord Adler will remain shut out of banking and capital markets until its financial statements have been audited, the company said on Monday after its board of directors resigned amid an accounting investigation. | | | | | | Australia's "Big Four" banks are set to report a further squeeze on interest margins in their upcoming results dented by growing competition, though the prospect of a recovery aided by central banks' rate hikes is expected to bolster their outlook. | | | | | | HSBC Holdings' largest shareholder, Chinese insurance giant Ping An , has called for a break-up of the London-based bank, a source familiar with the matter said on Friday. | | | | | | German real estate group Adler Group SA said on Saturday all members of its board of directors had offered to resign with immediate effect, after an auditor declined to give an opinion on the company's financial statements. | | | | | | Berkshire Hathaway's vice-chairman Charles Munger said on Saturday that retail broker Robinhood Markets Inc , which is trading near a record low, was getting its comeuppance. | | | | | | A group of people and entities have filed a class action lawsuit against Credit Suisse , alleging that the Swiss bank misled investors over business dealings related to Russian oligarchs, law firm Pomerantz LLP said. | | | | | | European Central Bank policymaker and hawk Robert Holzmann expects an initial interest rate increase this summer or autumn and for rates to rise gradually before settling next year around 1% or 1.5%, he told Austrian broadcaster ORF on Friday. | | | | | | Brazilian lender Itau Unibanco said on Friday it has acquired an 11.36% stake in brokerage XP Inc for around 8 billion reais ($1.61 billion). | | | | | |
