Bloomberg The European Central Bank (ECB) will probably lift borrowing costs by a half-point this month, according to Governing Council member Gabriel Makhlouf, slowing the pace of its increases after inflation moderated for the first time in 1 1/2 years. A rise of 50 basis points “is about where we’ll end up,” Makhlouf told reporters in Dublin, saying that if ...

Bloomberg A group of about 100 Russians and businesses reported nearly $50 billion in Swiss deposits, the government said in its most detailed disclosure yet of Russian wealth stashed in the country’s banks. Following Russia’s invasion of Ukraine, Switzerland banned banks from taking more than 100,000 Swiss francs ($106,000) from Russians and said all existing deposits must be reported to ...

  Bloomberg Bank of France Governor Francois Villeroy de Galhau urged commercial banks to exercise caution on share buybacks — raising the pressure on lenders as they prepare their shareholder-payout plans for 2022. Addressing a conference in Paris, Villeroy reiterated that while French banks remain solid and should benefit from rising interest rates, heightened volatility and slower economy growth in ...