 | | | | 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. | | | | | | Leonardo del Vecchio's right-hand man on Monday took the reins of the 27 billion euros ($28 billion) holding company left behind after the Italian eyewear billionaire's death last week. | | | | | | Russian lender Rosbank believes a decision by European clearing house Clearstream to block its correspondent account will not have a significant negative impact on its operations, it said in a statement to a Russian media outlet on Saturday. | | | | | | Swedish payments firm Klarna Bank AB is nearing a deal to raise fresh capital at a valuation of about $6 billion from existing investors led by Sequoia Capital, according to a person familiar with the matter. | | | | | | Tether, the world's largest stablecoin, said on Friday it had cut its commercial paper holdings by around 58% as part of an earlier commitment to reduce its exposure to riskier assets. | | | | | | Dominant lender Sberbank and gas giant Gazprom are among the major Russian companies raising salaries from July, faced with double-digit inflation and the need to retain top talent as some workers choose to leave the country. | | | | | | Citigroup Inc is in talks with Russian private lender Expobank over a possible sale of some of its operations in the country, the latest attempt by a Western bank to quit sanctions-hit Russia, a source familiar with the matter told Reuters. | | | | | | Italy's state-owned bad loan specialist AMCO said on Friday it had signed an agreement with lender Intesa Sanpaolo to purchase a portfolio of non-performing leasing credits with a gross value of around 1.4 billion euros ($1.46 billion). | | | | | | Openpay Group , an Australian buy-now-pay-later (BNPL) firm, has halted operations in the United States four months after describing it as its main growth market, the latest casualty among consumer finance startups as rising interest rates bite. | | | | | | The credit rating agency Moody's on Thursday downgraded Commerzbank by a notch and said the outlook was stable. | | | | | |
