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German banks reject ECB's potential move to lift minimum reserves

A top industry association of German banks on Wednesday firmly rejected a potential increase by the European Central Bank in the amount of cash lenders must keep on reserve in unremunerated accounts.Reuters reported on Tuesday that the ECB is considering doubling the proportion of funds lenders mus…

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Russia's Sberbank lowers corporate lending expectations as bad debts rise

By Elena FabrichnayaRussia's Sberbank RUS:SBER is set to lower its 2026 corporate lending growth forecast because of the worsening financial position of borrowers, its finance chief said on Wednesday.The country's biggest lender has performed better than expected in some areas, CFO Taras Skvortsov…

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Kenyan court charges eight schoolgirls with their fellow students' murder

A Kenyan court charged eight schoolgirls on Wednesday with murder for the deaths of 16 of their fellow students in a dormitory fire at a school in Kenya's Rift Valley in late May, the public prosecutor's office said.The girls died after fire swept through the dormitory at Utumishi Girls' Academy Se…

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