Wednesday, 1 June 2022

Caixabank hires CBRE to sell Madrid headquarters, source says

Caixabank hires CBRE to sell Madrid headquarters, source says

Spain's Caixabank has hired real estate firm CBRE to sell its headquarters in downtown Madrid after it moved part its operations to a tower it bought from rival Bankia last year, a source with knowledge of the matter said.

EXCLUSIVE Credit Suisse weighs options to strengthen capital - sources

Credit Suisse is in the early stages of weighing options to bolster its capital after a string of losses has eroded its financial buffers, two people with knowledge of the matter told Reuters.

Shareholder Harris says Credit Suisse doesn't need equity rise

Major Credit Suisse shareholder Harris Associates sees no need for the Swiss bank to raise fresh equity capital, it said on Tuesday after Reuters reported the bank was weighing options to shore up its balance sheet.

Russia's Sberbank says working as usual despite new EU sanctions

Russia's largest lender Sberbank said on Tuesday new European sanctions would not impact its operations after European Union leaders agreed to cut bank that was already under sanctions from the SWIFT messaging system.

Turkish banks should boost sectors promoting long-term economic growth -watchdog

Turkey's banking sector needs to prioritize sectors that will have a long term contribution to the economy, the country's banking watchdog Chairman Mehmet Ali Akben said on Monday.

Russia freezes trading in up to 14% of U.S.-listed shares on SPB Exchange

SPB Exchange, Russia's second-largest bourse, said on Monday it will transfer up to 14% of U.S.-listed shares that its clients possess to a non-trading account after the central bank said it will restrict trading in some foreign shares.

Robinhood agrees to settle customer lawsuit over 2020 outages

Robinhood Markets Inc has agreed in principle to settle a proposed class action filed by customers in the United States who claimed the investment app's outages in March 2020 shut them out of trading on pandemic-related volatility.

Fintechs fail to make a dent in Mexico as cash remains king

Financial inclusion levels in Mexico have worsened since 2018, official statistics show, despite a burst of financial startups hoping to 'bank the unbanked'.

Morgan Stanley CEO says no plan to retire soon, puts recession odds at less than 50%

Morgan Stanley chief executive officer James Gorman told shareholders during the bank's annual general meeting on Thursday that he does not plan to retire soon, and added that he puts the chances of a U.S. recession at less than 50%.

Get your crypto house in order, old guard tells Davos debutantes

Cryptocurrency firms, many of which lined the main street in Davos this week, were told they will need to clean up their act before gaining complete acceptance from the World Economic Forum's old guard.

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