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Czechs Set for One More Big Hike Before Slowing: Decision Guide

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The Czech Republic is poised to make a last, unusually large increase in interest rates before slowing one of Europe’s most aggressive campaigns to fight inflation.
Czech Republic Jana Steckerova Tomas Nidetzky European Union New Economy Daily Komercni Banka

Europe's Banks Step Up Profit Pledges With Higher Rates in Sight

(Bloomberg) -- As interest rates finally inch up, European banks are telling investors to expect something they haven’t seen in almost 15 years: returns in the teens. Several of the region’s top lenders recently raised their profitability targets as they expect higher income from lending.
Andrea Orcel Nordea Bank Abp European Central Bank Deutsche Bank Western Europe Banco Santander

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Banker Linked to Kyrgyz Fraud Emerges With Alias at U.K. Fintech

(Bloomberg) -- When Michael Strogonov helped set up a payments company in Britain, few could have guessed his troubled past.  Strogonov, 53, who described himself in corporate filings as a Russian based in Italy, didn’t appear to hold any other directorships, U.K. company records show.
United Arab Emirates United Kingdom Tel Aviv City Of Kurmanbek Bakiyev Steven Francis

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