The dollar rose by 1.25 kopecks to 71.82 rubles at the opening of trading on the Moscow Exchange on Wednesday.
Crisis-ridden Credit Suisse (SIX:CSGN) is going on the offensive under new Chairman Antonio Horta-Osorio by providing free services for investors in collapsed supply chain finance funds linked to Greensill, a person familiar with the situation told Reuters.
Deutsche Bank (DE:DBKGn)’s chief executive Christian Sewing on Wednesday called on the European Central Bank to rethink its ultra-loose monetary policy in light of new inflation risks.
Deutsche Bank (DE:DBKGn) said on Wednesday that it would vigorously defend itself against a lawsuit by a Spanish hotel group claiming losses on derivatives products.
The Federal Reserve said on Tuesday that Vice Chair for Supervision Randal Quarles would no longer lead the internal committee overseeing bank rules and supervision, as his term as the central bank’s top regulatory official expires on Wednesday.
Australia’s Bank of Queensland on Wednesday warned that its net interest margin in the coming year would decline by 5 to 7 basis points due to stiff competition and a low interest rate environment, sending the lender’s shares down 4%.
Israel stocks were higher after the close on Tuesday, as gains in the Banking, Financials and Insurance sectors led shares higher.
Russian market indices ended the trading session on Tuesday with a downward trend.
The dollar to ruble exchange ratio at the Moscow Exchange did not change compared to the previous day and remains at 71.865 rubles.
Africa, with its internationally recognised musical talent – and growing mobile phone use – is central to Swedish music streamer Spotify (NYSE:SPOT)’s plans to extend its reach to a billion customers.