Credit Suisse bid for tidy Archegos fix ends with banks brawling

Credit Suisse bid for tidy Archegos fix ends with banks brawling

Some emerged from the talks suspicious that Credit Suisse wasn’t fully committing to freezing sales. NEW YORK (BLOOMBERG) – Alarms were blaring inside Wall Street’s corridors of power in the middle of last week, as executives realized they might be...
Wise considers rare direct listing on London Stock Exchange

Wise considers rare direct listing on London Stock Exchange

Wise, a $5 billion-valued money transfer fintech which grew out of the UK, is reportedly mulling a rare direct listing on the London Stock Exchange (LSE). According to Sky News, the start-up – known until last month as TransferWise – is thinking about circumventing...
Bailey Says Market Rate Rise Reflects Optimism in U.K.

Bailey Says Market Rate Rise Reflects Optimism in U.K.

Andrew Bailey Photographer: Jason Alden/Bloomberg Bank of England Governor Andrew Bailey said an increase in interest rates in financial markets reflects optimism that the U.K. economy will bounce back shortly. The remarks sidestep the concern that policy makers in...
Budget 2021: UK Infrastructure Bank to be based in Leeds

Budget 2021: UK Infrastructure Bank to be based in Leeds

Leeds’ status as an established financial hub makes it an ideal location for the bank, the government said The UK’s first infrastructure bank, which will channel billions of pounds into big projects and help tackle climate change, will be based in Leeds....
Banks in Germany Tell Customers to Take Deposits Elsewhere

Banks in Germany Tell Customers to Take Deposits Elsewhere

More customers are having to pay negative rates as savings have surged amid the pandemic Commerzbank, one of Germany’s biggest lenders, has told customers since last year to pay a 0.5% annual rate to keep large sums of money with it. Interest rates have been negative...