The Swiss National Bank bought 12.8 billion Swiss francs ($13.84 billion) of foreign currencies during the third quarter of this year, data showed on Thursday, a surprise after the central bank sold 52 billion francs of forex in the first half.
The Federal Reserve's ongoing efforts to shrink its balance sheet may end earlier than once thought, even as the U.S. central bank charts a more aggressive path of interest rate rises.
Credit Suisse has sold one of its buildings in the heart of Geneva for just over 200 million Swiss francs ($217 million) to an investment foundation, the foundation confirmed on Thursday.
Shares in Monte dei Paschi di Siena on Thursday rose firmly above the price of 2 euros ($2.13) each at which the state-owned Italian bank sold stock in a make-or-break capital raise.
A cargo insurance facility providing cover for shipments via Ukraine's grain export corridor will continue next year with no rate increases, an underwriter with Lloyd's of London (SOLYD.UL) insurer Ascot said on Thursday.
Austrian banking regulator FMA said on Thursday it has ordered system-relevant banks in the country to increase their capital buffers by 0.25 percentage points to 0.5 percentage points, in response to uncertainty triggered by the war in Ukraine.
Britain's accounting watchdog said on Thursday it had fined Deloitte LLP more than 900,000 pounds ($1.09 million) over its audits of building materials supplier SIG plc for the 2015 and 2016 financial years.
Private equity funds are rethinking how they pull off large deals after a 40.4% contraction in global buyout activity amid a shortage of debt financing caused by rising interest rates and banks' reluctance to open their money taps.
Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes hold.
Hedge fund Citadel expects to return about $7 billion in profits to its investors in the first week of January after a stellar performance this year, a source familiar with the matter said.
