Tag: Financial Services
over 3 years ago
wsj.com

SPACs Face New Test: A Wave of Asia-Focused Deals

Thousands of miles from Wall Street, the boom in blank-check companies is taking hold in a region where major stock e...

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over 3 years ago
wsj.com

Deutsche Bank Had a Good 2020. This Year Will Be Harder.

The German bank faces a new problem in 2021: higher investor expectations after it reported steady full-year results.

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over 3 years ago
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Hopes for Draghi Government Drive Rally in Italian Bonds, Stocks

Italian equities and government bonds rallied as investors cheered the news that former European Central Bank Preside...

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over 3 years ago
wsj.com

At Least One Central Bank Is Worried About Speculation: China’s

Markets in the U.S. are going haywire—with the GameStop saga the latest symptom—but the central bank is hesitant to s...

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over 3 years ago
wsj.com

German Markets Watchdog Chief Fired Over Wirecard Scandal

BaFin President Felix Hufeld has been dismissed by the German government following intense criticism over his handlin...

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over 3 years ago
wsj.com

WSJ News Exclusive | Jack Ma’s Ant Plans Major Revamp in Response to Chinese Pressure

Jack Ma’s Ant Group plans to turn itself into a financial holding company overseen by China’s central bank, respondin...

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over 3 years ago
wsj.com

UBS Profit Bonanza Eases Pressure over New Boss

The Swiss bank is less in need of strong management than most of its European peers—which is fortunate given the awkw...

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over 3 years ago
wsj.com

Vatican Bank’s Ex-President Convicted of Embezzlement, Money Laundering

A Vatican court found the former bank official guilty of embezzlement and money laundering during the pontificates of...

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over 3 years ago
wsj.com

Commercial Real Estate Debt Sustained by Central Bank Bond Buying

Europe’s downtown office buildings are empty, and malls and main streets are deserted, yet the biggest landlords are ...

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over 3 years ago
wsj.com

Bloomberg’s Big Challenger Can’t Afford to Slip

Investors have high hopes for the new financial-data giant created by the imminent merger of London Stock Exchange Gr...

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over 3 years ago
wsj.com

Ant Group Is Moving Quickly to Comply With Regulations, China’s Central Bank Says

Ant is working expediently to rectify its business practices and comply with regulatory requirements, a top Chinese c...

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over 3 years ago
wsj.com

Inflation Expectations in Europe Rise to Highest in Over a Year

Hopes around the rollout of Covid-19 vaccines and accommodative central banks are boosting inflation forecasts in Eur...

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over 3 years ago
wsj.com

Zombies Could Stunt the Bank Recovery

A decade ago, Europe’s recovery from the global financial crisis was held back by the lingering bad-debt problems of ...

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over 3 years ago
wsj.com

Online Platform eToro Called in Leveraged Crypto Trades When Bitcoin Price Peaked

The popular online brokerage abruptly curbed trading in cryptocurrencies just as bitcoin hit a record high, catching ...

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over 3 years ago
wsj.com

Stock Market Rally in 2020 Easily Outpaced Luxury Goods, Hedge Funds

In 2020, you were better off putting money into a stock index fund than in fine art or diamonds.

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over 3 years ago
wsj.com

China Tells Ant to Refocus on Payments Business

Financial regulators order Jack Ma’s Ant Group to switch its focus back to its mainstay payments business and rectify...

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over 3 years ago
wsj.com

Who Wins From Brexit? New York

In the tug of war Brexit has unleashed between London and other European financial centers, one potential winner is o...

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over 3 years ago
wsj.com

Europe Will Need a Loan Crisis to Create a Post-Covid Bad Bank

History shows Europe’s lenders aren’t likely to get much relief unless they actually find themselves in a nonperformi...

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over 3 years ago
wsj.com

German Audit Regulator Traded Wirecard Shares During Probe

The head of an agency overseeing auditors said he bought and sold shares of the payments firm in the months before it...

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over 3 years ago
wsj.com

A Chinese WeWork for Apartments Is in Distress, Leaving Renters Out in the Cold

Financial troubles at Danke Apartment are causing problems for hundreds of thousands of renters, forcing local govern...

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over 3 years ago
wsj.com

Sinochem, ChemChina Consider Merger Plan That Won't Raise U.S. National Security Concerns

China is exploring ways to combine two of its biggest industrial-chemical companies without running afoul of pledges ...

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over 3 years ago
wsj.com

China Hails Victory in Crackdown on Peer-to-Peer Lending

China has declared victory in its campaign against online peer-to-peer lenders, with the country’s top banking regula...

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almost 4 years ago
wsj.com

‘Crude Oil Treasure’ Debacle Leads to Fine for Chinese Bank

Bank of China has been fined nearly $8 million over an investment product that generated big losses for individual in...

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almost 4 years ago
wsj.com

Jack Ma’s Ant Group Ramped Up Loans, Exposing Achilles’ Heel of China’s Banking System

Partnering with the fintech giant has higher risks for smaller lenders, which are already on shaky ground.

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almost 4 years ago
wsj.com

Abu Dhabi’s $230 Billion Man Bet the World Would Overcome Covid-19

Khaldoon al-Mubarak made an assessment in March that this challenging year would bring new opportunities to lessen hi...

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almost 4 years ago
wsj.com

ECB Official Defends Private Calls to Investors and Banks After Policy Meetings

Phillip Lane says the calls, which were aimed at addressing questions on policy decisions and seeking feedback, will ...

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almost 4 years ago
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Bank Mergers Are No Panacea

As domestic deals become an increasingly popular strategy for dealing with Europe’s low banking returns, the resignat...

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almost 4 years ago
wsj.com

Bitcoin Trades Again Near Record, Driven by New Group of Buyers

The cryptocurrency has attracted a broad array of investors, including the Wall Street billionaires Paul Tudor Jones ...

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almost 4 years ago
wsj.com

Bank of England Boosts Stimulus as U.K. Battles Second Wave of Covid-19

The Bank of England announced another dose of bond purchases, becoming the first major central bank in Europe to boos...

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almost 4 years ago
irishtimes.com

Legal profession is the big winner from Ireland’s compensation culture

Going to court with a motor insurance claim is a costly, lengthy process

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almost 4 years ago
wsj.com

Ant IPO Postponed by Shanghai Stock Exchange

The exchange postponed the financial-technology giant’s blockbuster offering a day after regulatory agencies summoned...

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almost 4 years ago
wsj.com

Chinese Regulators Summon Ant Leaders Amid Record IPO

China’s central bank and its securities, banking and foreign-exchange regulators met on Monday with Jack Ma and the t...

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almost 4 years ago
wsj.com

ECB Signals Further Stimulus Ahead to Prop Up Struggling Economy

The European Central Bank sent a strong signal that it could scale up its monetary stimulus in December, in a move ai...

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almost 4 years ago
wsj.com

Europe’s Core Payments Network Disrupted by Technical Malfunction

The European Central Bank blamed a software defect for a disruption last week that left banks unable to process trans...

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almost 4 years ago
wsj.com

A Deutsche Bank Turnaround Needs More Than Trading Success

Deutsche Bank’s trading arm had a cork-popping third quarter, but the lender’s turnaround still needs a broader solut...

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almost 4 years ago
wsj.com

HSBC Will Struggle to Regain Its Edge

The Asia-focused bank can afford to restart dividends, but that might not be enough to persuade investors to pay the ...

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almost 4 years ago
wsj.com

Global Banks in Hong Kong Breathe Easier Over U.S. Sanctions

U.S. sanctions over Hong Kong are likely to pose fewer headaches for international banks operating in the financial h...

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almost 4 years ago
wsj.com

Central Banks Pile Into Europe’s Common Debt

Central banks were among the biggest buyers of European common debt this week, signaling growing trust that the euro ...

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almost 4 years ago
wsj.com

Divestment Campaigns Move Beyond Oil

The campaign to divest fossil-fuel stocks has picked up speed in recent years and hit investors where it hurts. The n...

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