International Banking News
Deutsche Bank boosts bonuses to 2.3 billion euros despite bigger 2017 loss

By Tom Sims FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) paid bonuses worth 2.3 billion euros ($2.83 billion) for 2017, four times higher than the previous year even as the German lender warned on costs for 2018 and reported a bigger 2017 loss than previously disclosed. Germany’s flagship lender said on Friday that its top 12 managers would forego payouts for 2017 after the bank said it lost 735 million euros, the third annual loss in a row and more than… (Continua a leggere)

Ten years after JPMorgan/Bear Stearns deal banks may have already seen biggest gains

By Sinèad Carew and Noel Randewich (Reuters) – Ten years after JPMorgan (JPM.N) bought failing investment bank Bear Stearns, one of the first big harbingers of the financial crisis, investor views on U.S. banks are significantly brighter, although the sector may have already put its biggest gains behind it.   JPMorgan initially announced its bid of $2 per share for Bear Stearns on March 16, 2008 when the Wall Street bank was on the brink of collapse due to its… (Continua a leggere)

JPMorgan’s Kolanovic Sees New Highs for the S&P 500 ‘Soon’

By Lu Wang Source: Trade war unlikely, as Republicans won’t risk losing midterms Technical-driven selling similar to 2015 echoes equity rebound Stop worrying about a trade war or a market rout. Neither is likely, according to Marko Kolanovic, JPMorgan Chase & Co.’s global head of quantitative and derivative strategy, who draws on game theory and the trajectory of 2015’s selloff and rebound to predict the S&P 500 will reach record highs “soon.” While a rebound in the equity benchmark from… (Continua a leggere)

U.K.'s Biggest Banks Face Higher Capital Hurdles in Stress Test

By Stephen Morris Source: Scenario stays the same as health check from last year Bank of England publishes statement from FPC’s March meeting The U.K.’s largest lenders face tougher capital demands in this year’s stress test, as the Bank of England steps up efforts to avert a repeat of the financial crisis. Banks will be held to a single capital standard that includes their minimum capital requirements as well as any buffers they must have to account for their importance… (Continua a leggere)

Bonus Drought Over as Deutsche Bank Seeks to Retain Talent

By Steven Arons and Nicholas Comfort Source: Investment bankers set to receive more than 1.4 billion euros Cryan says management board unanimously chose to waive bonuses Deutsche Bank AG’s bonus pool is almost back to normal, even if little else is. Germany’s largest lender is awarding its staff 2.2 billion euros ($2.71 billion) in variable compensation, according to its annual report published on Friday. That approaches the level seen in 2015, when Deutsche Bank’s bonuses were broadly in line with its peers,… (Continua a leggere)

BOE's FPC Sees U.K. Domestic Risk Appetite Creeping Back Up

By Brian Swint and Stephen Morris Source: Financial Policy Committee says Brexit threatens disruption Cryptocurrencies don’t pose threat to stability, FPC says Banks and companies are starting to regain their appetite for risk in the U.K., the Bank of England said on Friday. Issuance of junk debt is rising, commercial real estate valuations look stretched and loan-to-income ratios on mortgages are going up as lenders compete more aggressively for market share, the BOE’s Financial Policy Committee noted in a statement on… (Continua a leggere)

Central Banks Don’t Need to Shift to Move Markets: Economy Week

By  Enda Curran With assistance by Scott Lanman, and Sophie Caronello Source: Weekly take on events in the world economy and their meaning Steel tariffs, U.S. jobs blowout, women in policy-making In a week of multiple central bank meetings, Tunisia raised interest rates and Kazakhstan cut them. But as our weekly review of world economy shows, officials from Frankfurt to Tokyo didn’t have to change monetary policy to move markets. The lesson is that investors are watching most central banks closely… (Continua a leggere)

Norges Bank May Boost Krone Further as Inflation Crosses Target

By  Love Liman Source: Traders have been taking some profits on their long positions in the Norwegian krone this week, but the latest inflation data has given them a reason to rethink. Norway’s February headline inflation published on Friday beat the highest analyst estimate and rose above the central bank’s recently lowered 2 percent target, triggering a rally in the currency of 0.7 percent against the euro. That was enough to reverse this week’s earlier slide. Even if analysts point out… (Continua a leggere)

Fed's Evans says he prefers to wait on further rate hikes

By Ann Saphir (Reuters) – Chicago Federal Reserve President Charles Evans on Friday said he continues to prefer to wait until after March and perhaps until midyear before raising U.S. interest rates any further, said in a CNBC interview While a government report released Friday showed “strong” hiring and delivered good news in that more people were coming into the labor force, Evans said low interest rates “put a premium on us being careful” Evans said, adding that he continues… (Continua a leggere)

Exclusive: India central bank turns up heat on lenders after $2 billion loan fraud

By Neha Dasgupta, Devidutta Tripathy NEW DELHI/MUMBAI (Reuters) – India’s central bank has asked commercial lenders to provide it with details of all letters of undertaking – a form of credit guarantee at the center of an alleged $2 billion fraud – issued by them in the past several years, according to four bankers who have seen the directive. Two jewelry groups were accused last month of defrauding state-run Punjab National Bank (PNB) (PNBK.NS) of more than $2 billion, mostly… (Continua a leggere)