Barclays asked by watchdog to review private equity exposure, source says

ritain’s Prudential Regulation Authority (PRA) has asked Barclays to review its exposure to leveraged finance, a source familiar with the matter said on Friday, part of an industry-wide probe into lenders’ exposure to the private equity industry. The Bank of England in April said very few banks had a clear idea of their “holistic” exposures to private […]

JPMorgan sees investment banking revenue jumping as much as 30% in 2Q

 JPMorgan Chase (JPM.N), opens new tab boosted its outlook for investment banking revenue, forecasting a jump of 25% to 30% in the second quarter fueled by capital markets, a top executive said on Wednesday. The forecast became more bullish than in May, when the bank predicted investment banking revenue would rise by a mid-teens percentage in the […]

World Bank board agrees to host climate ‘loss and damage’ fund

The World Bank’s board approved a plan on Tuesday for the bank to act as interim host of a fund that will provide financial support to developing countries impacted by climate change. Richer nations had been concerned that creating a fund to help cover the impact of extreme weather events – such as floods and […]

Asset sales are no panacea for Italy’s debt malady

Italy’s plan to raise around 20 billion euros ($22 billion) over three years by selling state assets to rein in debt is almost certain to fall short of its targets due to persistent political and regulatory hurdles, analysts and officials say. Prime Minister Giorgia Meloni’s government announced last September the initiative as part of attempts to manage […]