As bad debts soar, Canadian banks eye asset sales to boost capital

[ad_1] [1/2]A woman leaves a Bank of Nova Scotia (Scotiabank) branch in Ottawa, Ontario, Canada, May 31, 2016. REUTERS/Chris Wattie/ File Photo Acquire Licensing Rights TORONTO, Nov 8 (Reuters) –…

SoftBank’s WeWork, once most valuable US startup, succumbs to bankruptcy

[ad_1] Nov 6 (Reuters) – WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday after its bets on…

Credit Suisse warns of more losses, drawing regulatory attention

[ad_1] Finma says the regulator is monitoring Credit Suisse Bank says outflows exceeded $120 billion ZURICH, Feb 9 (Reuters) – Credit Suisse Group (CSGN.S) on Thursday reported its biggest annual…

Banks face more than a million outstanding UK COVID loans

[ad_1] Rows of houses lie in front of the Canary Wharf skyline in London, Britain, March 19, 2023. REUTERS/Henry Nicholls/File Photo Acquire Licensing Rights LONDON, Nov 3 (Reuters) – Britain’s…

Financial conditions tighten again to temper heated US economy

[ad_1] ORLANDO, Florida, Oct 25 (Reuters) – After 18 months of relentlessly rising borrowing costs, the U.S. economy is accelerating again, begging the question about when or if tightening financial…

Deutsche Bank shares surge as it flags dividends and buybacks

[ad_1] [1/2]People are silhouetted next to the Deutsche Bank’s logo prior to the bank’s annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach Acquire Licensing Rights Shares up 7%…

India’s ICICI Bank climbs on record Q2 profit

[ad_1] Traffic moves past the ICICI bank head office in Mumbai, India, April 21, 2023. REUTERS/Francis Mascarenhas/File photo Acquire Licensing Rights BENGALURU, Oct 23 (Reuters) – Shares of India’s second-largest…

US mid-sized bank shares slump after downbeat interest income forecasts

[ad_1] Oct 20 (Reuters) – Shares of mid-sized U.S. banks fell on Friday after a string of earnings reports heightened investor concerns that the boost to lenders from the Federal…

Falling stocks, climbing mortgage rates: how 5% Treasury yields could roil markets

[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. REUTERS/Brendan McDermid Acquire Licensing Rights NEW YORK, Oct 19…

US weekly jobless claims at nine-month low; labor market remains tight

[ad_1] Weekly jobless claims decrease 13,000 to 198,000 Continuing claims increase 29,000 to 1.734 million Existing home sales fall 2.0% to 3.96 million units WASHINGTON, Oct 19 (Reuters) – The…