Friday, 10 June 2022

Turkish banking watchdog sets maximum maturities for consumer loans

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.

Russia's Sberbank suspends settlements in yuan for corporate clients

Russian lender Sberbank suspended settlements in yuan for corporate clients from June 7, the bank said on Wednesday.

UniCredit executive says chances to cut Russia exposure 'limited'

UniCredit has "limited" opportunities to reduce its exposure to Russia, the Italian bank's finance chief said on Wednesday, ruling out providing further support for the Russian subsidiary while emphasising it was not a financial drain on the group.

Polish banks team up to create protection scheme

The biggest commercial banks in Poland have teamed up to create a protection scheme to help ensure their liquidity and solvency, the banks said on Tuesday.

Credit Suisse appoints Huang as head of APAC asset management

Credit Suisse has appointed Min Huang to lead its asset management business in the Asia Pacific, an internal memo reviewed by Reuters showed on Tuesday.

Julius Baer hires Doha Bank's head of private banking to lead Qatar expansion

Swiss wealth manager Julius Baer has hired the former head of private banking at Doha Bank, Slim Bouker, to lead an expansion in Doha, where it plans to open an advisory office at the Qatar Financial Centre, it said on Tuesday.

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