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Danske slides as cost cuts fall short, dividend raises doubts

  Bloomberg Danske Bank falls the most in three months in Copenhagen trading after cost-cutting measures by Denmark’s biggest bank failed to yield the results expected by the market. The shares slid almost 6% before regaining some ground to trade down 3.3% in the Danish capital. The bank’s guidance on costs for this year was worse than expected, Jyske Bank ...

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BofA extends bank issuance frenzy with $9 billion bond sale

  Bloomberg Bank of America Corp (BofA) sold $9 billion of bonds, joining Wall Street peers in a flood of new deals at the start of 2022 to beat an expected rise in interest rates. The lender sold bonds in five parts, according to a person familiar with the matter. The longest portion, an 11-year fixed-to-floating-rate security, yields 117 basis ...

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Mexico central bank to up interest rates this month

  Bloomberg Mexico’s central bank will probably raise the key interest rate this month, and then follow inflation data and US Federal Reserve decisions closely to decide its next moves, Banxico board member Jonathan Heath said. The debate for February’s decision will be whether to increase borrowing costs by a quarter point or half a point, he noted in a ...

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