Recent Posts

Swedish Banks’ big risk becomes a benefit

Bloomberg For years, the country’s central bank and financial supervisor have railed against lenders’ dependence on markets — rather than deposits — because of the risk that investors might flee, leaving banks in a lurch. Now, Sweden is finding the markets may be a better funding source than savers as central bank rates go deeper into negative territory. Market funding ...

Read More »

China to mull minimum bad-loan coverage

Bloomberg China’s cabinet has discussed lowering the ratio of provisions banks must set aside for bad loans, potentially easing a drag on earnings after soured debts at lenders climbed to the highest in a decade. The China Banking Regulatory Commission would be responsible for deciding the timing and magnitude of any reduction, said people with knowledge of the matter, who ...

Read More »

Neske poised to become CEO of LBBW

Bloomberg Rainer Neske, the former head of consumer banking at Deutsche Bank AG, is poised to become the next chief executive officer of state-owned regional lender Landesbank Baden-Wuerttemberg, according to people with knowledge of the matter. LBBW’s supervisory board will meet on Tuesday to decide whether to approve the 51-year-old as successor to Hans-Joerg Vetter, 63, according to the people, ...

Read More »
Send this to a friend