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The leaders of large UK banks told Reuters about the weakening activity of corporate clients in recent months amid statements by two candidates for the post of British Prime Minister about the readiness to hold Brexit without a deal. Commercial customers of banks postpone their decisions on investments and borrowings. The largest UK creditors said they would publish reports on the results of the first half of the year in the coming weeks. In the event of the fall of the British economy, banks such as RBS, HSBC and Barclays, have previously formed reserves of several million pounds. Nevertheless, according to the Bank of England estimates, British lenders are quite stable and will be able to withstand even in the absence of a deal when a country leaves the EU.
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
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