The risk of a UK balance of payment crisis "should not be underestimated" under a Liz Truss government, Deutsche Bank warned on Monday, citing the potential for large unfunded fiscal expansion and changes to the Bank of England mandate to damage investor confidence.
Italy's second-biggest bank UniCredit on Monday unveiled a set of measures worth up to 8 billion euros ($8 billion) in total to ease the pain of firms and households hit by record energy costs and a wider price surge.
South African mobile operator MTN Group has reduced its debt further through early settlement of $300 million in euro bonds with a 2024 maturity date, it said on Monday, as part of efforts to deleverage non-rand debt faster.
State-owned Italian bank Monte dei Paschi di Siena said on Monday the European Central Bank had approved a proposed capital raising, ahead of the Sept. 15 shareholder meeting called to vote on the new share issue.
Swiss bank UBS and Wealthfront said on Friday they have mutually agreed to terminate their $1.4 billion deal, as part of which the automated wealth management provider was to be acquired by UBS Americas Inc.
Poland's financial regulator KNF on Friday said the steering committee of a national working group has chosen the Warsaw Deposit Market Index (WIRD) to replace the Warsaw Interbank Offered Rate (WIBOR) as the interest rate benchmark used for calculating loan instalments.
Dutch bank ING Group announced on Friday it expects to book an additional provision of about 75 million euros ($75 million) in its third quarter results, citing amendment of Dutch retail customers' compensation.
