Citigroup Inc may see more net interest margin (NIM) pressure than the other four big U.S. banks this year due to its high deposit betas, or the percentage of changes in interest rates that banks pass on to consumers, a Moody's report showed.
Goldman Sachs Group Inc has named Benny Adler to lead the bank's trading efforts on public capital market deals in the Americas, according to an internal memo seen by Reuters.
Multi-manager hedge funds charge expense fees about triple the size of traditional peers, a Barclays note to clients shows, in a sign of just how much of a price tag such funds can demand because of consistently higher returns.
The Polish banking unit of Citigroup does not expect high demand for loans in 2023, its chief executive officer said on Wednesday, although the lender said there was scope for increased interest income after a record last year.
Barclays Chief Executive Officer C.S. Venkatakrishnan will not present the bank's annual results next week, a spokesperson for the bank told Reuters, with the duties falling to Finance Director Anna Cross instead.
Sweden's Handelsbanken proposed a lower than expected payout for shareholders and said investments that drove up costs in the fourth quarter were set to continue, sending its shares down 6% on Wednesday.
European Central Bank supervisors will zero in on bad loans this year after finding that some euro zone banks had set too little money aside for them or were slow in recognising the problem, the ECB said on Wednesday.
British lawmakers have accused HSBC of mistreating customers who have fled Hong Kong in the wake of China's anti-democracy crackdown, to protect the bank's profits and curry favour with the Chinese government, a report on Wednesday showed.
