 | | | | It may just boil down to semantics, and in good times when inflation is low it's not an issue at all. But the Fed has a communication problem. | | | | | | Intercontinental Exchange said on Thursday it would stop clearing credit default swaps in London next year and shift the activity to Chicago, helping to shield itself from any rupture from the European Union. | | | | | | HSBC Holdings PLC plans to relaunch its India private banking business within a year, its India CEO told Reuters on Thursday, after the Asia-focused lender has identified the country as a key strategic market for growth. | | | | | | Chinese tech giants including Tencent Holdings and Ant Group have signed a pact to stop the secondary trading of digital collectibles and "self-regulate" their activities in the market, Chinese state media reported on Thursday. | | | | | | Goldman Sachs Group Inc said on Thursday it is launching a partnership with capital markets technology firm Derivative Path that opens the door to thousands of U.S. regional banks and credit unions becoming clients of its foreign exchange services. | | | | | | Germany will cut the red tape required for changing a person's name and gender under a plan presented by the government on Thursday that seeks to abolish a controversial 1980 law regulating the process. | | | | | | UBS will adjust the fees it charges clients on Swiss franc deposits from July 1 to mirror the Swiss National Bank's (SNB) new policy rate of -0.25%, the bank said on Wednesday. | | | | | | Credit Suisse is scrapping the negative interest rates it has charged wealthy Swiss clients since 2020, the lender said on Wednesday, as its economists anticipate a further rate hike in Switzerland this year. | | | | | | VTB Europe, the one-time division of the Russian bank VTB , has seen a more than 40% fall in deposits but the business is stable, it said in a statement on Wednesday. | | | | | | Canada's Manulife Financial Corp moved closer toward taking full control of its funds joint venture in China after regulators there accepted an application for the ownership change, two sources with knowledge of the matter told Reuters. | | | | | |
