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Claudia Buch says eurozone lenders face rising insolvencies, geopolitical risks and upheaval in energy-intensive industries
...“I don’t have a crystal ball, but the situation will be tougher than what we saw in 2023.”...
From Tim Anderson, Johannesburg, South Africa
...As tougher times begin to bite, a much younger but also influential gallery, Parafin, has closed after 10 years, in part hit by Brexit and a shortlived post-Covid bounce....
Most European capitals support tougher stance but are wary of designating Revolutionary Guards a terror group
...Brussels has proposed cutting grain imports from Russia and Belarus by levying tariffs to increase pressure on Moscow and appease protesting farmers across the bloc, as some EU leaders press for tougher...
Also in this newsletter: The EU fights for global trade at WTO summit
Olivia Rodrigo’s level of fame is now tougher to achieve in the fragmented entertainment industry
Tougher stance aiming to shake Russia’s assumptions instead highlighted EU divisions
Candidates cruise to victory in primaries but face tougher fight for victory in November
...Still, Heusgen suggested that Germany could afford to take a tougher line....
...That wonderful question with no answer — now 100 years old — featured in your FT Weekend Letters section (“Mountain climbers were tougher then”, April 13)....
Government signals a tougher stance on pro-Palestinian demonstrators amid the Israel-Hamas war
...Shares in luxury companies rose on Wednesday after industry leader LVMH reported first-quarter results, reassuring investors nervous about the industry’s prospects that it could eke out growth in a much tougher...
...Switzerland’s financial regulator has called for tougher powers to oversee banks after claiming it did everything it could to try to prevent the collapse of Credit Suisse this year....
Acting director of comptroller of the currency says lenders should explain how Basel III will affect buybacks and dividends
...But there is more going on here than just mounting rules or tougher regulation. Quick links to Lex A troubled trio for you: Bayer has a big week approaching....
Beijing forecast to exceed 2023 growth target but outlook is tougher as consumers remain cautious
...Eurozone banks that drag their feet and fail to comply with requests from supervisors to fix vulnerabilities will face tougher enforcement action including more fines, a top European Central Bank official...
Banks take tougher stances as financial job market weakens almost four years after start of pandemic
...Offenders could be sent to prison for up to six months, receive an unlimited fine and be banned from going back to the shop where they committed a crime under tougher punishments set out by the government...
...McKinsey boss Bob Sternfels is facing a tougher than expected bid for re-election after a backlash to his restructuring of the consulting firm and a slowdown in growth....
...In the past two weeks some of the largest crypto service providers, including exchanges Binance and Huobi, have fallen foul of the tougher standards, which are designed to strengthen consumer protections...
...In a rare show of support from a senior banker for tougher regulations, the head of UBS — which rescued its former rival in March in the most significant bank takeover since the financial crisis — said Switzerland...
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