 | | | | UniCredit CEO Andrea Orcel has taken direct responsibility for running the Italian bank's domestic business after the board decided to remove the country's head Niccolo Ubertalli, an internal document showed. | | | | | | 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. | | | | | | Bank of England chief economist Huw Pill warned on Wednesday that Britain's economy would slow to a crawl over the next 12 months and repeated his preference for a "steady-handed" approach to raising interest rates. | | | | | | The Belarus central bank said on Wednesday it will suspend weekly liquidity operations for banks from July 6 in order to stimulate redistribution of resources on the financial market. | | | | | | Bank of England Deputy Governor Jon Cunliffe said the British central bank will do "whatever is necessary" to prevent the recent surge in inflation from becoming embedded in the economy. | | | | | | JPMorgan Chase & Co will have to pay an $850,000 penalty to the U.S. Commodity Futures Trading Commission (CFTC) for allegedly failing to report certain foreign currency swaps, the regulator said on Tuesday. | | | | | | Hedge fund manager Bridgewater Associates' flagship Pure Alpha 18% volatility fund gained 32.2% in the first half of the year, according to a source familiar with the matter, beating sharp market declines. | | | | | | Seven members of the Monetary Policy Council voted in favor of a rate hike of a 100 basic points, and one, Przemyslaw Litwiniuk, was against at its April meeting, voting records showed on Tuesday. | | | | | |
