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Challenger bank reports drop in earnings as cost of living crisis is set to drive up credit card arrears
Banker urges greater power for Swiss regulators in wake of Credit Suisse collapse
Deutsche Bank avoids penalty of almost €156mn after revealing existence of collusion
Stability review notes sector’s resilience but urges lenders to increase provisions to cover rising loan losses
Lender has 572 employees making over €1mn a year but call centre staff are paid just a few cents above minimum wage
Economic conditions have worked in CEO’s favour — but MPS remains a medium-sized regional lender
Stability review warns of contagion risk for wider financial sector from surging losses in real estate
Quantifying its single client exposures would be one way for Baer to settle market nerves
Swiss lender has taken $79mn in ‘valuation adjustments’ against its loan book since the end of October
UBS issue of capital instrument generates hotcake exuberance just months after Credit Suisse wipeout
Central bank chief Joachim Nagel’s position at odds with other ECB policymakers
Part-time work option and hybrid model assist in supporting female participation in labour market
Investor interest in debt yielding about 9.6% comes after UBS received $36bn of demand last week
Supreme court upholds conviction against Swiss lender but orders €1.8bn of penalties to be recalculated
Also in this newsletter: Portugal calls a snap election as Spain moves to form a government
Central bank’s chief economist Philip Lane says return to pre-crisis levels would destabilise banks
Well that boycott didn’t last long!
Also in this newsletter: The EU’s capital markets are losing competitiveness, industry warns
Investors return after write-off of $17bn of risky debt during Swiss banking deal
Euro area depositors won’t all sit still for large, unremunerated required reserves
Frankfurt-based lender raises earnings forecast as higher interest rates buoy income
The Swiss bank will achieve greater operating efficiency and pricing power as a result of bulking up
Expenses tied to takeover of Swiss rival overshadow solid quarter for wealth management arm
Colm Kelleher’s comments countered by Apollo’s Marc Rowan who says asset management industry adds ‘robustness’
Defunct lender hid deal to fund its own claims as it sought lower capital requirements, insurer alleges
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