The Swiss franc, the U.S. dollar and even the euro might be the best options for investors trading currencies in the face of rising threats from North Korea, analysts told CNBC. “The CHF (Swiss franc) along with the JPY (Japanese Yen) are widely considered the usual safe-haven currencies. However, given geographical proximately I would expect […]

A trade war between the U.S. and China is brewing and could be the biggest risk for global investors, a prominent asset manager told CNBC. “We may be brewing up for a trade war because of the mistaken way that many policymakers interpret the trade issues. I don’t believe that the U.S. trade deficit is […]

Victims of bank fraud should not expect automatic refunds and are sometimes at fault for not taking a “duty of care”, the CEO of RBS has reportedly said. Chief Executive Ross McEwan said that banks could not always be blamed if customers give out their account details to online scammers, according to U.K. newspaper the […]

More than 220,000 people have signed a petition against French President Emmanuel Macron’s plans to create a formal first lady role for his wife Brigitte. Unlike the U.S. first lady, the wife of the French president does not have a formal role, although they are often informal champions for charitable causes. Past presidential wives have […]

RBS reported a large earnings beat on Friday morning with the U.K. lender highlighting that it had swung back to a first-half profit for the first time in three years. RBS’ recovery continued in the first six months of 2017, with the bank posting a £939 million ($1.23 billion) pre-tax profit through to the end […]

Historic low market volatility is spurring investors to find returns in new places, with some rushing their money into what is sometimes referred to as “the most dangerous trade in the world.” In a research note to clients, David Lafferty, chief market strategist at Natixis Asset Management, explained that super-low volatility has spurred a new […]

Hackers have cashed out on more than $143,000 worth of bitcoin relating to ransoms paid from the massive WannaCry cyber-attack earlier this year. Bitcoin payments made by victims of the WannaCry ransomware attack – which totaled 52.2 BTC (around $143,000) – were withdrawn from online wallets overnight. This was confirmed by Elliptic, a London-based start-up […]

The Bank of England (BOE) held interest rates steady at 0.25 percent on Thursday, as expected, while largely sticking to its previous assumptions for growth and inflation over the three-year forecast horizon. The Monetary Policy Committee (MPC) voted by a majority of 6-2 to keep rates at record low levels in August. Meantime, the U.K.’s […]

Credit Agricole reported a sharp rise in its core capital ratio to 12.4 percent, as the bank took advantage of higher profits and a sale of a stake in investment company Eurazeo to beef up its financial position. An improving economic activity in its core European markets, such as France and Italy, coupled with a […]

Italy’s largest bank by assets, UniCredit, posted a stronger-than-expected net profit in the second quarter of the year thanks to lower costs and a drop in loan-loss charges. Net profit came in at 945 million euros, well above a consensus forecast of 676 million euros distributed by the bank and also helped by a positive […]