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UniCredit committed to Turkey in central, east Europe growth plan

Bloomberg UniCredit SpA Chief Executive Officer Jean Pierre Mustier is willing to invest more money in Turkish venture Yapi & Kredi Bankasi AS as he sees the presence in central and eastern Europe as “a growth engine” for Italy’s biggest bank. “ Yapi Kredi is growing and so growth means that there is an organic capital generation,” Mustier told Bloomberg ...

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HK to monitor banks’ loans to HNA, Wanda

Bloomberg The Hong Kong Monetary Authority (HKMA) has asked banks in the city for details of their loans to HNA Group Co. and Dalian Wanda Group Co., according to people familiar with the matter. Lenders were required to submit a survey to the city’s de facto central bank providing information such as total credit extended and outstanding loans to the ...

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Draghi to acknowledge euro gains at September decision

Bloomberg Mario Draghi won’t miss the opportunity to mention the euro’s recent appreciation as he prepares to reconfigure the euro area’s stimulus settings, economists say. The European Central Bank president will express concern about the currency’s strength, a Bloomberg survey shows. While he declined to address the exchange rate last month at his appearance in Jackson Hole, Wyoming, 67 percent ...

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