Annette Weisbach News

24.09 / 10:31

UPS Action Commerzbank Trade reports International Commerzbank board member warns of significant job losses with a hostile UniCredit takeover

Two-thirds of the jobs at Commerzbank could disappear if UniCredit successfully carries out a hostile takeover of the German lender, a Commerzbank supervisory board member warned on Tuesday.

24.01 / 10:47

markets COST economy President country shock German regulator urges banks to set aside bumper profits for bad news on the horizon

Banks should be setting aside recent bumper profits to provision for clients defaulting on loans as the impact of higher interest rates feeds into the economy, according to the president of the country's regulator.

28.06 / 07:47

UPS Target Progressive pricing ECB chief economist warns markets against pricing in rate cuts within the next two years

European Central Bank Chief Economist Philip Lane on Tuesday warned markets against pricing in cuts to interest rates within the next two years.

08.09 / 17:11

COST Reuters Deal ‘No reason to panic’: Commerzbank CEO says lenders are better prepared to deal with loan defaults

The chief executive of one of Germany's biggest banks, Commerzbank, sought to reassure investors Thursday about the prospect of non-performing loans this winter, saying banks are far better placed to cope compared to previous crises.

21.06 / 09:17

CEO Fighting Continental global economy Inflation is the 'biggest poison' for the global economy as recession risk rises, Deutsche Bank CEO says

Europe and the U.S. face a high likelihood of recession as central banks are forced to aggressively tighten monetary policy to combat inflation, according to Deutsche Bank CEO Christian Sewing.

18.11 / 16:01

PayPal CEO Citigroup There are many signs that fintech is in a bubble, billionaire investor Flowers says

Billionaire investor J. Christopher Flowers is worried there's a bubble emerging in the financial technology market.

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