 | | | | Swedish payments firm Klarna Bank AB said on Monday it had raised $800 million of funds at a valuation of $6.7 billion, down around 85% from the $46 billion price-tag it attracted last year. | | | | | | Sweden's central bank will prioritize bringing down inflation over risks to growth, rate-setters said in the minutes of its most recent policy meeting, published on Monday. | | | | | | Second quarter profits at big U.S. banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possible recession. | | | | | | A surge in trading revenue powered by volatile markets should partially offset a slump in M&A and equity and debt deals when Wall Street banks report second-quarter earnings this month. | | | | | | Italian bank lending to businesses rose in May compared to the previous month, data from the Bank of Italy showed on Monday. | | | | | | Danske Bank on Sunday reduced its full-year net profit outlook, hurt by rapidly rising interest rates and unfavorable financial market conditions. | | | | | | U.S. consumer credit rose at its slowest pace in four months in May as Americans pulled back on credit card usage, a trend that if sustained, could hamper consumer spending amid growing recession fears. | | | | | | The U.S. Securities and Exchange Commission (SEC) has sought wider disclosures from Citigroup Inc related to the hit it expects to take from the Russia-Ukraine conflict, the bank said in a regulatory filing on Friday. | | | | | | Hungary's central bank said on Friday that its tax-adjusted core inflation gauge jumped to 13.8% in June from 12.2% year-on-year in May. | | | | | | The Czech National Bank's foreign exchange reserves declined to 151.3 billion euros by the end of June from a revised 156.4 billion in May, the central bank said on Friday. | | | | | |
