Negative interest fees will soon be an issue of the past within the eurozone, the ECB’s leader signaled Monday, with the bank poised to elevate costs for the primary time in over a decade to tamp down soaring inflation. The Frankfurt-based group became “possibly to be in a function to exit negative interest prices by … Read more
Despite making provisions to avoid risks from Russia following the invasion of Ukraine, Commerzbank, Germany’s second-largest lender, announced Thursday that first-quarter profits had more than doubled. Commerzbank reported a net profit of 298 million euros ($313 million) in the first three months of the year, up from 133 million euros the previous year. The bank’s … Read more
BEIJING: Overseas holdings of bonds traded in China’s interbank market reached a new high at the end of December, as global investors were lured by relatively high yields and stability, certainty and growth of the world’s second-largest economy in the pandemic era. Outstanding overseas institutional holdings of interbank bonds rose to a total of 4 … Read more
