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Wells Fargo sees broad loan growth in 2022

  Bloomberg Wells Fargo & Co said it expects a key measure of lending to pick up this year, a sign that clients are starting to take on debt again as government stimulus wanes. The bank said net interest income may rise about 8% this year. The firm also reported net income of $5.8 billion, beating analysts’ expectations and the ...

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Hungary set for another rate increase

  Bloomberg Hungary will probably raise its base interest rate for an eighth consecutive month after inflation failed to slow in line with the central bank’s forecasts. The National Bank of Hungary will boost the required reserve rate to 2.7% from 2.4%. It may also raise the ceiling on its interest-rate corridor, which is currently at 4.4%. That would make ...

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NatWest to fold three businesses into one in push for growth

  Bloomberg NatWest Group Plc is bringing together its commercial, securities and international units into a single franchise, hoping to improve relations with customers. NatWest Markets and RBS International, whose assets are kept separate from the bank’s retail operations under British ring-fencing rules, will become a single unit along with the ring-fenced Commercial arm by July, the London-listed lender said ...

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