Banking

  Bloomberg Banks in the euro zone, flush with new deposits, have turned few of them into loans to companies and consumers. Instead they’ve parked most of the money at the European Central Bank, where they’re paying billions of euros for the privilege of keeping it there. Since June 2014, when the ECB cut rates below zero, deposits at euro-zone ...

  Bloomberg Indonesia is set to attract as much as $5 billion in funds from Japan should S&P Global Ratings raise the nation’s debt rating to investment grade, according to Goldman Sachs Group Inc. S&P will probably lift Indonesia’s debt rating to BBB- within the next six months from BB+, as the government has pushed forward with fiscal reforms, Danny ...

  Bloomberg Marcus Schenck had been itching to work on deals — so much so that the chief financial officer of Deutsche Bank AG would spend one day a week with clients, a habit that didn’t always sit well with colleagues, according to a person familiar with his thinking. Now the former Goldman Sachs Group Inc. partner has a chance ...

  Bloomberg Bank Muscat, Oman’s largest bank by assets, has signed to obtain a $525 million syndicated loan, banking sources said. The three-year facility pays an all-in 170 basis points over the London Interbank Offered Rate, comprising a margin of 155 bps plus 45 bps of bank fees spread over three years. Part of the proceeds of the loan, which ...

  Bloomberg A venture between Barratt Developments Plc and a real estate fund managed by Morgan Stanley is reviewing contracts for a 770-home project in east London amid a fraud probe at the homebuilder, according to a person familiar with the situation. The venture is exploring whether any Barratt employees were paid bribes to award subcontracts to some suppliers, the ...

  Bloomberg Bank of England (BOE) Deputy Governor Charlotte Hogg failed to tell the central bank that her brother worked at Barclays when she joined as chief operating officer in 2013. The declaration was only made in a questionnaire Hogg completed as part of her appointment this year as deputy governor for markets and banking. Hogg said she takes ‘full ...

  Bloomberg UBS Group AG is pushing to settle a French tax fraud investigation for less than the 300 million euros ($317 million) it paid to resolve a similar issue in Germany, people familiar with the matter said. That’s significantly below the 1.1 billion-euro bond the bank posted to cover potential penalties. UBS has been in talks since late 2016 ...

  Bloomberg The Bank of Japan is caught in a quandary. To let bond yields rise or not. Governor Haruhiko Kuroda wants to make longer-maturity debt more attractive by letting yields move higher, yet doing so will put pressure on his efforts to keep 10-year borrowing costs close to zero. He will eventually have to raise the target rate, say ...

  Bloomberg Thailand’s popularity among bond investors is creating a headache for policy makers counting on exports and tourism to drive growth. Some $2.1 billion of foreign money has flowed into the nation’s debt this year, making it the top destination among Southeast Asia’s emerging markets. That’s buoying the baht, the region’s best developing-nation performer in 2017, and spurring speculation ...

  Emirates Business Saxo Bank, the online multi-asset trading and investment specialist, announces on Monday that it is collaborating with Autochartist to make automated technical analysis tools and live trade signals available to clients directly in the SaxoTraderGO platform. “With the deep integration of Autochartist we further enhance the analysis tools available to clients. There is no need to open ...