European banks are increasingly turning to bespoke deals with investors such as hedge funds to offload some of the risk on multi-billion euro loan portfolios and improve their financial strength, several sources involved told Reuters.
Australia's central bank on Tuesday left its cash rate unchanged at 3.6% to break a run of 10 straight hikes, saying it wanted additional time to assess the impact of past increases as the economy slows and inflation has peaked.
Louis Dreyfus Company will stop exporting Russian grain from July 1, the group said on Monday, joining other global merchants in dropping activities in the world's biggest wheat-exporting country.
Britain eliminated wolves and the deer population exploded. There is a lesson here for the financial system. Curb one pest, and you might encourage another, Liam Proud writes.
Spain's Santander said on Friday it was on track to meet its 2023 profitability and overall financial targets and forecast a positive trend in lending and deposits in the first quarter, despite recent banking sector turmoil.