Monday, 13 June 2022

Lloyds to give staff 1,000 pounds to ease cost of living crisis

Lloyds to give staff 1,000 pounds to ease cost of living crisis

Britain's biggest domestic bank Lloyds told staff on Monday it would give the vast majority of them a one-off 1,000 pound ($1,220) payment to help combat the soaring cost of living.

Young South Korean home buyers test Yoon's vow to resolve affordability crisis

Young South Koreans are buying homes in defiance of sharp rate rises that has once again put the spotlight on a severe housing shortage, complicating President Yoon Suk-yeol's plans to ease a property affordability crisis in Asia's fourth-biggest economy.

Victims of HBOS fraud offered 3 million pounds in compensation

Victims of one of Britain's biggest banking frauds will be offered 3 million pound ($3.66 million) compensation packages, a source familiar with the matter told Reuters on Monday.

Cryptocurrency market value slumps under $1 trillion

The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as $926 billion.

Bank of England to drop post-COVID capital buffer rule

The Bank of England said on Monday that it would remove a post-COVID capital buffer adjustment now that risks from the pandemic had subsided.

Turkish banking watchdog sets maximum maturities for consumer loans

The Turkish BDDK banking watchdog said on Thursday it had decided to set a maximum 24-month maturity for consumer loans between 50,000 and 100,000 lira and a maximum 12-month maturity for consumer loans over 100,000 lira ($5,814).

Republican senator says Fed has revoked master account for controversial fintech

A Republican senator is demanding answers from the Federal Reserve Bank of Kansas City after he says it revoked a sought-after master account that had previously been granted to a fintech called Reserve Trust.

Depositary receipt holders of Russia's Sberbank, VTB face conversion headache

Investors holding depositary receipts in Russia's sanctioned top banks are facing difficulties in converting them into shares after the European Union targeted Russia's national clearing house with sanctions, sources and analysts told Reuters.

State Street denies interest in buying Credit Suisse

State Street Corp said on Thursday it is not looking to buy Credit Suisse , in its first outright dismissal of a Wednesday morning report that it was seeking a deal.

Deutsche Bank's DWS and allegations of 'greenwashing'

Asoka Woehrmann, the chief executive of Deutsche Bank's funds arm DWS, will hand over the reins on Thursday after resigning in the wake of allegations that the company, which manages 928 billion euros ($994 billion) in assets, misled investors about its "green" investments.

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