Tuesday, 3 May 2022

Reuters Global Investor: European green, social, sustainable bond sales could reach 1.6 trillion euros in 2026, study says

European green, social, sustainable bond sales could reach 1.6 trillion euros in 2026, study says

Sales of Green, Social and Sustainability (GSS) bonds in Europe could total 1.6 trillion euros ($1.68 trillion) by 2026, making up almost half of all new bond issuance in the region, according to a new report released on Tuesday.

UniCredit launches staff training pilot project in Italy

Italian bank UniCredit said it had launched a pilot project to train staff in Italy to try to boost retention rates, weeks after rival heavyweight Intesa Sanpaolo announced a venture with a private equity firm centred around its learning operations.

Wells Fargo says its software was used for transactions with sanctioned entities

Wells Fargo & Co has disclosed to the Office of Foreign Assets Control that certain foreign banks used its software to conduct transactions with sanctioned entities, the bank said in a regulatory filing on Tuesday.

Euro holds near five-year low as potential Fed hike nears

The euro held close to a five-year low against the U.S. dollar on Tuesday with the Federal Reserve expected to hike rates this week, while traders wait for European Central Bank President Christine Lagarde to give clues on her monetary policy plans.

KKR's first-quarter earnings jump 47% on strong asset sales, fees

Private equity firm KKR & Co Inc said on Tuesday that its first-quarter distributable earnings rose 47% year-on-year, thanks to a surge in asset sales and a rise in revenue from fees it charges investors to manage their money.

Cryptoverse: Venture capitalists catch crypto fever

Venture capital is making a big move on crypto in 2022.

France's BNP Paribas beats earnings forecasts on bumper trading revenue

French bank BNP Paribas posted a better than expected 19% rise in net income in the first quarter as trading boomed and reaffirmed its medium-term profitability targets, sending its shares higher.

HSBC shares rise as markets warm up to break-up proposal by top shareholder

Shares in HSBC Holdings gained on Tuesday after its largest shareholder, Chinese insurance giant Ping An , urged a break-up of the London-headquartered bank in a bid to improve returns.

Citigroup's Mexican consumer banking unit lures various potential bidders

Citigroup's Mexican consumer banking arm Citibanamex has started to share information with banks and other parties interested in bidding for the country's No. 3 consumer lender, Citi executives said last month.

Citi in 'active dialog' to sell Russia consumer business, CEO says

Citigroup Inc is in "active dialog" to carry out the sale of its Russia consumer business that it announced a year ago, Chief Executive Jane Fraser said on Monday.

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