By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Danske Bank on Wednesday raised its long-term earnings target and said it plans to divest its Norwegian retail business as part of a strategy to catch up with more profitable Nordic rivals. Denmark’s largest lender now aims for a return on equity (ROE) by 2026 of 13%, up from a…
(Reuters) -Britain’s Payment Systems Regulator (PSR) said on Wednesday it has made it mandatory for banks and payment firms to reimburse victims of online bank fraud within five days, in cases where users at a business send money to a bank account controlled by fraudsters. Thousands of people have seen their savings swept away in…
By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s No. 2 lender VTB expects to raise 94 billion roubles ($1.15 billion) in its secondary public offering (SPO), CFO Dmitry Pyanov said, in a capital top-up that will see an undisclosed investor acquire a chunk of the state’s share in the bank. VTB purchased rival Otkritie for 340…
By Jack Queen (Reuters) – Cuba Gooding Jr. reached a settlement on Tuesday with a woman who sued him for $6 million on an accusation that he raped her a decade ago, with the agreement coming minutes before jury selection was set to being in Manhattan federal court. The eleventh-hour deal means the Oscar winning…
By Allison Lampert and Doyinsola Oladipo (Reuters) – Flight bookings for international business travel this fall are nearing 2019 levels, in a sign of recovery, according to a travel data firm, but climate concerns and economic clouds could mute demand for work-related trips. Business travel has generally lagged leisure trips in airlines’ recovery from COVID-19….
FRANKFURT (Reuters) – European Central Bank interest rate hikes could take longer than usual to pass through to the real economy and their impact may be more muted than usual, ECB board member Isabel Schnabel said in a newspaper interview. The ECB has raised rates by a combined 375 basis points in the past year…
By Trevor Hunnicutt and Matt Spetalnick WASHINGTON (Reuters) -U.S. Vice President Kamala Harris said on Tuesday that Israel’s democracy requires “an independent judiciary,” wading into the controversy over Prime Minister Benjamin Netanyahu’s proposed judicial overhaul that has drawn mass protests in Israel. “America will continue to stand for the values that have been the bedrock…
By Suban Abdulla LONDON (Reuters) -British house prices dropped on an annual basis in May for the first time in 11 years, mortgage lender Halifax said on Wednesday, as an increase in mortgage rates from the country’s largest provider comes into effect. The average property price fell 1.0% compared with May last year, the first…
TOKYO (Reuters) -Goldman Sachs Group plans to establish a desk in Tokyo to start trading Japanese power derivatives, two people familiar with the matter told Reuters on Wednesday. More foreign energy companies and banks are seeking access to the Japanese power market, which was launched in 2016 in the wake of the Fukushima nuclear disaster…
By Mathieu Rosemain PARIS (Reuters) -Atos, the struggling French IT consulting firm planning to split into two listed entities, said it expected sales at loss-making unit Tech Foundations to hit bottom in 2024. The firm, which will hold an investor day on Wednesday, said Tech Foundations – which groups its legacy IT consulting activities –…
