 | | | | Swiss wealth and asset manager Pictet has named Edmund Buckley head of the Direct Private Equity division as the Geneva-based group expands its alternative investment business, it said on Friday. | | | | | | An Italian appeals court on Friday acquitted all 13 defendants, as well as Deutsche Bank and Nomura, over derivative deals that prosecutors alleged had helped Monte dei Paschi di Siena hide losses in one of Italy's biggest financial scandals. | | | | | | Japanese trading house Marubeni Corp said on Friday it had cut its exposure to Russia by 12.6 billion yen ($97 million) in the year just ended, mainly by writing down its stake in the country's Sakhalin-1 oil project. | | | | | | Beazley Plc said on Friday it had set aside about $50 million for expected losses related to the Russia-Ukraine crisis, after the British insurer reported a surge in quarterly gross written premiums. | | | | | | Global bond funds faced big outflows in the week to May 4 as soaring inflationary pressure fueled caution ahead of the Federal Reserve's policy decision this week. | | | | | | Italy's biggest bank Intesa Sanpaolo on Friday cut its profit guidance for the year after setting aside 800 million euros ($847 million) to cover potential losses from its exposure to Russia. | | | | | | With a war in Europe underway, a pandemic still locking down parts of the global economy and financial markets having turned sharply volatile, the U.S. economic outlook remains unpredictable. | | | | | | Wells Fargo & Co unveiled new targets to reduce greenhouse gas emissions, including goals to reduce the "absolute emissions" related to its financing of companies in the oil and gas sector, an executive said Thursday. | | | | | | Bank of England Chief Economist Huw Pill said the central bank faced finelybalanced decisions about how far to raise interest rates to control surging inflation without hurting the economy which is at risk of going into a recession. | | | | | | Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money that kept them afloat for more than a decade is switched off. | | | | | |
