Many of Europe's largest banks increased their loan loss provisions in the first quarter due to uncertainties related to the war in the Middle East. Although the direct financial impact of the conflict on these banks has been limited so far, lenders adjusted their reserves mainly because of updated macroeconomic scenarios and risk weightings. Notably, Barclays and HSBC recorded loan loss charges from private credit portfolios that were higher than those related to the Middle East, contributing to an overall increase in their cost of risk. This cautious approach reflects banks' efforts to prepare for potential economic fallout from the ongoing conflict.
The iShares Core MSCI EAFE ETF (IEFA) has risen 8% year-to-date and 22% over the past year, driven mainly by a weaker US dollar rather than earnings growth abroad. The fund tracks developed markets outside North America, with major holdings in Japan,...
HSBC Continental Europe announced it will act as Stabilisation Coordinator for Assicurazioni Generali S.p.A.'s new fixed rate 11-year Tier 2 bond due June 3, 2037. The stabilization period is expected to run from May 26 to July 3, 2026, with a 5% ove...
