The Omicron variant of COVID-19 could slow global economic growth by exacerbating supply chain problems and depressing demand, U.S. Treasury Secretary Janet Yellen told the Reuters Next conference on Thursday.
Britain will change its rulebook to allow banks to take more risks to help to keep the City of London's status as a leading global financial centre, a government minister said on Tuesday.
India's capital market regulator has placed caps on the share of assets an actively managed fund can park in a single company's debt instruments, though the limit varies based on each issuer's credit rating.
Ireland will lift a crisis-era cap on top bankers' pay and allow lenders to pay bonuses of up to 20,000 euros ($20,758) as well as benefits such as healthcare for the first time in more than a decade, Finance Minister Paschal Donohoe said on Tuesday.
Credit Suisse shares slid below 3 Swiss francs on Tuesday as investors dumped rights to subscribe to new shares in a cash call aimed at raising $2.3 billion for the loss-making bank.
The Australian Federal Court has dismissed proceedings initiated by the country's securities regulator against top lender Commonwealth Bank of Australia over alleged incorrect charging of monthly fees to customers, the regulator said on Tuesday.
Taiwan's central bank's "flexible" monetary policy structure during a period of high uncertainty can help maintain price and financial stability as well as economic growth, its governor Yang Chin-long said on Tuesday.
Alpha Finance, a subsidiary of Alpha Bank , on Monday raised its price targets on shares of Eurobank , National Bank and Piraeus Bank , three of Greece's largest lenders, maintaining a 'buy' rating on them all.
Top Canadian banks are expected to post a decline in fourth-quarter profits as choppy markets hurt wealth management and a slow deal pipeline dents income from investment banking, offsetting expected gains from business loans.
Credit Suisse bonds fell and the cost of insuring its debt against default rose on Monday as the Swiss bank struggled to win over rattled investors following an exodus of client cash and with more litigation on the horizon.
