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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrom debt point of view, we are seeing attractive spread levels globally: J.P. Morgan's ReschkeMatthias Reschke, J.P Morgan's head of European investment grade finance, discusses the debt and credit landscape ahead of J.P. Morgan's inaugural European Financials Conference.
Persons: Morgan's Reschke Matthias Reschke, J.P Organizations: Morgan's, Financials Conference Locations: J.P
A top ECB official called on EU banks still operating in Russia to exit the market asap. His comments followed news that some Western firms are still operating in Russia, despite sweeping sanctions. It's unclear how many Western banks are still doing business in Russia. The Financial Times reported in January that just a handful of the 45 Western banks with subsidiaries in Russia have managed to exit. Still, EU banks have managed to reduce their exposures to Russian counterparties by 37% in 2022, he said.
Persons: , Russia —, Andrea Enria, Enria, it's Organizations: ECB, Service, European, European Central Bank, European Financials Conference, Financial Times, Novaya Gazeta Europe, Austria's, Raiffeisen, Reuters, Yale University, Russia Locations: Russia, Ukraine, Novaya
A top ECB official called on EU banks still operating in Russia to exit the market asap. His comments followed news that some Western firms are still operating in Russia, despite sweeping sanctions. It's unclear how many Western banks are still doing business in Russia. The Financial Times reported in January that just a handful of the 45 Western banks with subsidiaries in Russia have managed to exit. Still, EU banks have managed to reduce their exposures to Russian counterparties by 37% in 2022, he said.
Persons: , Russia —, Andrea Enria, Enria, it's Organizations: ECB, Service, European, European Central Bank, European Financials Conference, Financial Times, Novaya Gazeta Europe, Austria's, Raiffeisen, Reuters, Yale University, Russia Locations: Russia, Ukraine, Novaya
"This is part of the process of the knob being turned to tighten financial conditions to make sure that we are on our way to normalising a higher interest rate world," Pick said. Shockwaves from the collapse of SVB put fresh pressure on bank stocks across Asia and Europe on Tuesday as worries about potential contagion to other lenders deepened. Morgan Stanley's Pick said the events of the last week may give the Federal Reserve pause for thought on its own rate plans. He was speaking ahead of closely-watched U.S. inflation data later in the day. Analysts at Goldman Sachs said in a note on Monday that U.S. banking stresses could spread directly to European banks.
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