Czech central banker Nidetzky says he expects at least 75 bps hike at June 22 meeting -Bloomberg

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Global Investor   Tweet       Share Czech central banker Nidetzky says he expects at least 75 bps hike at June 22 meeting -Bloomberg The Czech National Bank is likely to raise its main rate by at least 75 basis points at its June 22 board policy meeting, Vice-Governor Tomas Nidetzky was quoted as saying on Wednesday. Thai cenbank ready to manage excessive baht volatility Thailand's central bank said on Wednesday it was closely monitoring capital movements and the baht currency and was ready to take action on any excessive volatility. Credit Suisse reinforces UK investment banking team with two hires- memo Switzerland's second-largest bank Credit Suisse has hired two managing directors from JP Morgan and BNP Paribas to reinforce its UK investment banking and capital markets team. Woman pleads guilty to role in laundering $4 bln via Danske Bank in Estonia A Lithuanian woman on Wednesday pleaded guilty to involvement in laundering more than 29 billion Danish crowns ($4.1 billion) through Danske Bank's Estonian branch, her defence lawyer said. Franklin Templeton's Zahn says new ECB tool unlikely for now The ECB is unlikely to introduce a new tool just yet to address strain in euro area bond markets, and may instead prefer to stress bond reinvestments, Franklin Templeton's head of European fixed income David Zahn said on Wednesday. Italy's Intesa working on potential sale of Russian business - CEO Intesa Sanpaolo is working on a potential sale of its Russian business though international sanctions restrict the number of possible buyers making it a tall order, the head of Italy's biggest bank said on Wednesday. Manulife Asia on track for 2025 earning goal despite economic weakness Manulife Financial's Asia unit is on track to account for half of the Canadian insurer's core earnings by 2025 despite economic slowdowns and impact of COVID-19 to its key markets, the newly appointed regional chief executive told Reuters. Chinese local govt financing units seek unorthodox route to raise funds Shut out of the bond market and spurned by banks, a growing number of cash-starved Chinese local government financing units are tapping a loosely regulated funding channel to directly court yield-hungry retail investors. Bank of America aims to grow corporate cash management with new tool Bank of America is rolling out a new cash management tool to U.S.-based clients, it said on Tuesday, in a bid to gain market share in the $300 billion cash management business for multi-national corporations. ARK's Cathie Wood keeps focus on deflation as fund slump continues Slowing global economic growth will soon make deflation - rather than inflation - the greatest driver in financial markets, star stock picker Cathie Wood of Ark Invest said in a webinar Tuesday. Related Videos Wall St. ends higher as Powell assuages rate worries Russian invasion 'pretty much locks in' gradual move by Fed -portfolio manager Markets 'are beginning to accept this negative news event' -portfolio manager Sponsors are not involved in the creation of these or any other Reuters news articles. Get Reuters News App To manage which newsletters you're subscribed to, click here. Want to stop receiving this email? Unsubscribe here. To contact us with feedback, reply to this email.                      © 2022 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Privacy Policy    |   Terms and Conditions