Agencies"Arrears have increased across the board," Enria told a hearing at a European Parliament committee. "The increase in arrears is not unexpected in the current monetary policy tightening cycle."
Enria added that while rapid ECB rate hikes in the past year boosted bank margins and profitability, this effect could fade away as the higher rates are passed through to depositors and some downside risks, mainly credit, valuation, and liquidity risks, materialise. (Reporting by Balazs Koranyi; Editing by Andrew Heavens)
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People See Opportunity When They Look at IndiaWall Street giant Goldman Sachs' Solomon, 61, said he's not bothered about all the noise, his focus remains on serving clients and the Goldman share price performance.
HDFC-HDFC Bank Merger Likely to be Effective July 1The merger of HDFC Corp with the country's largest private lender HDFC Bank will likely take effect July 1, chairman of India’s mortgage-lending pioneer Deepak Parekh said Tuesday. The combined entity will have an asset base of around ₹18 lakh crore, or in excess of $200 billion.
Vested Interests Exploited Hindenburg Report to Manipulate Stocks: AdaniGautam Adani said the Hindenburg Research report on the Adani Group was a “combination of targeted misinformation and outdated, discredited allegations”. Vested interests used the report to manipulate Adani Group stocks, he said in the annual report of flagship Adani Enterprises released on Tuesday.
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