Credit Suisse did not tap the Swiss National Bank for extra liquidity when it was experiencing outflows during market turbulence early this month, its finance chief said on Thursday.
Russia's dominant lender Sberbank on Thursday said it had expanded the capabilities of its SberCIB Terminal to add services previously provided by data providers that have suspended operations in Russia over its actions in Ukraine.
Brexit and the demise of Libor are reshaping the world's over-the-counter (OTC) interest rate derivatives market, where daily turnover totalled $5.2 trillion in April, down from $6.4 trillion in April 2019, the Bank for International Settlements (BIS) said on Thursday.
Mastercard Inc forecast a weaker-than-expected revenue growth for the last three months of the year on Thursday, overshadowing an upbeat quarter where the card issuer beat profit estimates on resilient consumer spending.
Investment bank Lazard Ltd on Thursday reported a 4% fall in third-quarter profit as the global market rout shrank the value of assets under management.
Central banks may be forced to rethink and even undermine one of their prized emergency policy tools as popular resistance mounts against giant cash transfers to commercial banks while interest rates climb, recession deepens and Treasury coffers drain.
Citigroup Chief Executive Jane Fraser will not attend next week's Global Financial Leaders' Investment Summit in Hong Kong as she has tested positive for COVID-19, a person with knowledge of the matter told Reuters.
Danske Bank on Thursday booked a 14 billion Danish crown ($1.89 billion) provision, edging closer to a long-awaited settlement with authorities over its involvement in one of the world's biggest money laundering scandals.
MONETA Money Bank said on Thursday it expects to exceed its 2022 profit forecast after reporting solid third-quarter results, adding that a Czech government decision to cap household energy prices should ease pressure on loans.
