Europe’s major banks, including Deutsche Bank and Lloyds Banking Group, on Wednesday pointed to the rising risk of bad loans as the global economy struggles with slow growth and high inflation. | Reuters
s nearly doubled in the second quarter from a year earlier to 401 million euros.
Chief financial officer James von Moltke told reporters Germany’s largest bank saw a “softening in some sectors”.s to be at the “upper end” of its previous guidance. In Spain, Santander, pointed to weakness in its key market Brazil, where net profit fell 52 percent year-on-year in the quarter due to a rise in costs driven by inflation, negative impact from a tax reversal and a fall of 4.3 percent in net interest income.Union banking regulators are due to publish results of stress tests to check howA Santander company logo is pictured at the company’s headquarters in Boadilla del Monte, outside Madrid, Spain, February 2, 2023.
This sent the bank’s shares up around 2 percent on Wednesday, with Jefferies saying that it sees upside potential to net interest income.Subscribe to our daily newsletter
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos: Malaysia to offer training on Halal industry, Islamic banking"Building on our bilateral relations, our governments commit to closely coordinate efforts to build capacity in the Bangsamoro Autonomous Region in southern Philippines, in Muslim Mindanao, especially on sectors such as the Halal industry, Islamic banking and food security," Marcos said during the joint statement after his meeting with Prime Minister Anwar Ibrahim.
Read more »
Philippine central bank ready to resume policy tightening if neededMANILA - The Philippine central bank is prepared to resume tightening monetary policy given that inflation remains a challenge, central bank officials said on Tuesday. Bangko Sentral ng Pilipinas
Read more »
Indonesia central bank keeps rates unchanged, as expectedJAKARTA - Indonesia&039;s central bank held its key policy rates steady for the sixth straight review on Tuesday, saying current levels were sufficient to ensure inflation stays within target
Read more »
Stocks advance cautiously ahead of central bank rate movesNEW YORK , United States - European and US stocks mostly made cautious advances on Tuesday as investors awaited central bank rate decisions, while stimulus pledges by Chinese leaders dominated Asian trading.
Read more »
GoTyme Bank breaching a million-customer markGoTyme Bank expects to breach the one-million customer market in a few weeks making it the one of the fastest-growing bank in the Philippines.
Read more »
Metrobank waives online fees for small money transfers until Sept. 30The Ty family’s Metropolitan Bank & Trust Co., the country’s second-biggest lender, is waving online bank transfer fees for transactions worth P1,000 and below until Sept. 30 this year. | miguelrcamusINQ /PDI
Read more »