International Banking News
La Fed alza i tassi d'interesse di un quarto di punto

La Banca centrale cinese (Pboc) ha risposto al rialzo di 25 punti base dei tassi d’interesse fin nella forchetta fra l’1,25% e l’1,50%, deciso ieri dalla Federal Reserve, aumentando dello 0,05%, al 3,25%, il tasso di pagamento dovuto sui prestiti erogati a un anno, con un margine analogo ritoccato all’insù anche per i tassi sulle riserve bancarie. La reazione della Pboc alle forze di mercato non ha toccato però il tasso di riferimento sui prestiti a società e retail, nonchè quello… (Continua a leggere)

Unicredit riduce gli Npl per altri 4 mld

Il ceo di UniCredit Jean Pierre Mustier, nella nota di aggiornamento del piano industriale, ha affermato che il piano Transform 2019 di UniCredit “è pienamente in linea con le attese”. Mustier ha spiegato: “Confermiamo tutti i nostri obiettivi chiave iniziali, in particolare l’obiettivo di un RoTE maggiore del 9%, con un ulteriore miglioramento del nostro profilo di rischio e la riduzione del target dei crediti deteriorati lordi di Gruppo di ulteriori 4 miliardi”. E ha aggiunto: “abbiamo deciso di incrementare… (Continua a leggere)

BOE Officials Seen Unified After First Rate Increase in a Decade

By David Goodman and Harumi Ichikura With assistance by Jill Ward Source: Bloomberg.com Almost all economists in Bloomberg survey see 9-0 vote to hold MPC hasn’t been unanimous on interest rates since February   Bank of England policy makers will probably resume singing from the same hymn sheet at December’s meeting, after officials split as they raised interest rates for the first time in a decade last month. The nine-member Monetary Policy Committee will unanimously keep rates at 0.5 percent this coming week,… (Continua a leggere)

Swiss Banks Say Bitcoin’s Best Days Are Still Ahead

By Jan-Henrik Foerster Source: Bloomberg.com Vontobel, Falcon say new products may spur price even higher Cboe launching first bitcoin futures on Sunday, CME to follow   Switzerland’s Vontobel Holding AG and Falcon Private Bank, both of which offer their clients ways to speculate on bitcoin, say the cryptocurrency’s best days are ahead of it. The imminent launch of bitcoin futures will trigger a flurry of new product launches in the digital currency that are likely to push the price even higher, according to… (Continua a leggere)

Fed. Via libera della commissione Bancaria alla nomina di Powell

La commissione Bancaria del Senato ha dato il via libera, con 22 voti favorevoli e uno contrario, alla nomina di Jerome Powell come prossimo presidente della Federal Reserve. Prima che la scelta del presidente Donald Trump diventi definitiva ci dovrà essere il voto favorevole del Senato, cosa considerata poco più di una formalità. Se confermato, come previsto, anche dal Senato, Powell prenderà il posto di Janet Yellen a febbraio, quando scadrà il mandato dell’attuale presidente della Banca centrale americana. Powell… (Continua a leggere)

BIS Warns Central Banks That Policy Caution Has Its Perils Too

By Alessandro Speciale and Catherine Bosley With assistance by Jan Dahinten Outgoing general manager Jaime Caruana speaks in interview Markets are too complacent, leading to excessive risk-taking Central banks concerned about the effects of raising rates too fast shouldn’t underestimate the risks of delaying action, the general manager of the Bank for International Settlements said. “Postponing normalization too much also has risks,” Jaime Caruana, whose term at the head of the central banks’ central bank expires on Thursday, said in an interview last… (Continua a leggere)

Trump's Pick to Run the Fed Says No U.S. Banks Are Still Too Big to Fail

Jerome Powell’s statement could come back to haunt him in the next crisis. By Peter Coy Source: Bloomberg.com President Trump’s nominee to run the Federal Reserve, Jerome Powell, said on Nov. 28 that no U.S. banks are still “too big to fail”— so big that the government would have to rescue them in a crisis to prevent their failure from triggering a domino effect that would damage the entire financial system. It’s common for Fed officials to assert that there’s been progress in… (Continua a leggere)

Australian Banks Face Public Inquiry Amid String of Scandals

By Jason Scott and Emily Cadman With assistance by Matthew Burgess Source: Bloomberg.com Turnbull bows to opposition pressure to hold royal commission Banks penned letter calling for end to ‘political uncertainty’ Australia’s banks will be subject to a wide-ranging public inquiry after Prime Minister Malcolm Turnbull bowed to pressure to address scandals besetting the industry. The yearlong royal commission will examine the conduct of the nation’s banks, insurers, financial services providers and pension funds, and consider whether regulators have enough power to… (Continua a leggere)

South African Banks' Billions at Risk in State Companies: Chart

By Renee Bonorchis Source: Bloomberg.com South Africa’s biggest banks had extended loans and bonds in struggling state-owned companies totaling 54.6 billion rand ($4 billion) by end September, according to central bank data. Power utility Eskom Holdings SOC Ltd. and South African Airways are among flailing government entities indebted to banks. While the money invested is about 1.3 percent of each lenders’ total assets, the amount at risk is also equivalent to almost 80 percent of the lenders’ average annual net income.

Thiel-Backed Banking Startup Could Nearly Double Its Valuation

By Eyk Henning Source: Bloomberg.com German startup Deposit Solutions close to raising $20 million Deposit broker is also backed by fintech investor Peter Thiel German financial technology startup Deposit Solutions is close to raising $20 million from existing investors, in a new round of funding that values the company at $260 million ahead of new rules that will make it easier for such companies to access banks’ client data, according to people with knowledge of the matter. E.Ventures, which is affiliated… (Continua a leggere)