The European Central Bank must still raise interest rates "significantly" over its coming meetings to dampen inflation, which has been far too high, Finnish central bank chief Olli Rehn said on Wednesday.
Sweden's central bank expects to report a loss of 81 billion Swedish crowns ($7.72 billion) for 2022 due primarily to higher market interest rates, it said on Wednesday.
British bank NatWest said on Wednesday it would extend the amount of time struggling customers have to repay unsecured loans or overdrafts by six months, as lenders start to step up support in the cost of living crisis.
Ares Management Corp said on Wednesday it raised about $5 billion for an infrastructure debt fund that invests in the debt of infrastructure assets such as data centers, telecommunication towers, ports and utilities.
Crypto exchange FTX has recovered more than $5 billion in cash and liquid cryptocurrencies and securities, an attorney for the bankrupt company founded by Sam Bankman-Fried told a judge on Wednesday.
Staff at Goldman Sachs are bracing for news on whether they will keep their jobs on Wednesday, as the U.S. investment bank begins a sweeping cost-cutting drive that could see its 49,000-strong global workforce shrink by thousands.
Credit Suisse is considering a 50% cut to its 2022 bonus pool, Bloomberg News reported on Wednesday, as the Swiss bank presses on with efforts to revive its fortunes after a series of scandals and heavy losses.
The euro zone's biggest banks managed to reduce soured loans further in the third quarter, despite a looming recession that is bound to worsen credit quality in the months ahead, European Central Bank data showed on Tuesday.
