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Sterling’s early gains fizzle
The British pound’s early gains evaporated and it turned lower. This is because the investors consolidated bets ahead of a Bank of England meeting, which is...
Credit Suisse files five insurance claims on Greensill-linked funds
Credit Suisse has filed five insurance claims related to $1.17 billion. This is in exposure across two of its Greensill-linked supply chain finance funds. They had...
Citigroup profit drops on higher expenses
Citigroup Inc reported a 26% slump in fourth-quarter profit. This is because it took a hit from higher expenses and weakness at its consumer...
Fed rate view brightens European bank stock outlook
European bank shares rose further above a three-year high, boosted by the U.S. Federal Reserve’s signal that it could raise rates faster than expected....
Euro zone inflation hits 5%
Euro zone inflation rose unexpectedly, likely making for more uncomfortable reading at the European Central Bank. This has consistently underestimated price pressures and come...