 | | | | Italy's liabilities towards other euro zone central banks jumped to a new record high in June, central bank data showed on Thursday. | | | | | | The Bank of Japan is expected to raise its inflation forecast but maintain ultra-low interest rates at this month's policy meeting, sources say, as fears of a U.S. recession and rising input costs cloud the outlook for its fragile economic recovery. | | | | | | British bank NatWest has joined rivals in handing out an unscheduled pay boost to staff to help shield them from soaring price rises, according to an internal memo seen by Reuters on Thursday. | | | | | | Hungary's central bank raised its one-week deposit rate by a whopping 200 bps to 9.75% on Thursday and the government pledged to rein in the budget deficit in a bid to shore up the forint after it plunged to record lows this week. | | | | | | UniCredit is working on a "progressive disengagement" from Russia, which is performing well from a financial standpoint, the Italian bank's chief executive told Italian daily Il Sole 24 Ore. | | | | | | The Central Bank of Sri Lanka (CBSL) raised its key rates by a full percentage point on Thursday to tackle record high domestic inflation and to contain any build-up of underlying demand, it said. | | | | | | UniCredit CEO Andrea Orcel has taken direct responsibility for running the Italian bank's domestic business, an internal memo showed, after the board removed Niccolo Ubertalli as its head. | | | | | | Bank of New York Mellon Corp on Wednesday named Dermot McDonogh, a more than 25-year veteran of Goldman Sachs Group, as its chief financial officer. | | | | | | Russian online bank Tinkoff on Wednesday said it was suspending outgoing SWIFT transfers in foreign currencies until Oct. 1 after admitting it had struggled with such transactions due to restrictions on Russia's banks. | | | | | | Britain is likely to see little or no economic growth in the next year or so as surging inflation erodes households' spending power, Bank of England chief economist Huw Pill said on Wednesday. | | | | | |
