 | | | | Mediobanca on Wednesday ruled out the prospect of a wealth management acquisition in the immediate future, after reporting higher than expected quarterly results thanks to contributions from all its business segments. | | | | | | The European Central Bank can provide additional support to financial markets in case of heightened stress but there is no need to outline in detail how it would ease turbulence, ECB policymaker Bostjan Vasle said on Wednesday. | | | | | | The chair of the U.S. Securities and Exchange Commission warned on Wednesday that the agency may bring more enforcement actions in cases involving risky derivatives, saying such products can create "system-wide risks" during times of market stress. | | | | | | The Turkish lira eased a further 0.85% against the dollar on Wednesday, weakening for a fifth session and bringing the currency back towards the lows it hit in late December after a series of unorthodox interest rate cuts. | | | | | | Hungarian rate-setters voted unanimously to raise the base rate by 100 basis points to 5.4% on April 26, the minutes of the meeting showed on Wednesday. | | | | | | Investment banks have raked in billions of dollars by feeding the frenzy for blank-check companies, and they have done so largely without risking any of their own money on hundreds of deals that have left many investors with punishing losses. | | | | | | The European Commission proposed on Wednesday that companies get tax incentives for raising money through share issues in the same way they do when they borrow, allowing to remove the tax bias favouring corporate debt and make firms more stable. | | | | | | The Russian rouble pared early losses and surged past 68 against the U.S. dollar on Wednesday, boosted by capital controls, while stocks were mixed after a long weekend. | | | | | | Barely recovered from a two-year bout of COVID, emerging markets now face capital flight, inflation, and even debt defaults as the dollar's run to two-decade highs tightens the screws. | | | | | | Spain's transition to cleaner energy could bring more notable risks to sectors with higher CO2 emissions, such as transport, manufacturing and agriculture, though any impact on banks would be moderate in the short run, the Bank of Spain said. | | | | | |
