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...A 20,000-peso note will begin circulating towards the end of the year, the central bank said....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...One of the US’s top banking regulators will release a report on Tuesday detailing complaints of years of workplace harassment at the Federal Deposit Insurance Corporation....
...Bank of America cut the compensation of its top executive Brian Moyniahn by 3 per cent, or $1mn to $29mn in 2023, a year when the company’s bottom line shrunk and its stock lagged rivals....
...Corporate lending was up, even in commercial real estate, which has been an area of concern. The volume of mortgages outstanding at US banks was flat from the end of the year....
...Families are one thing but the locals are not thrilled by the arrival of large corporations....
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...Bank of America has sent “letters of education” to employees who have not been showing up at the office, warning them of disciplinary action, in the latest move from a large company to push staff back to...
...Central banks: Malaysia’s central bank is expected to hold its overnight policy rate at 3 per cent when it meets today. The Bank of Japan releases a summary of opinions from its April policy meeting....
...The Delaware court this year invalidated such a practice at the investment bank Moelis & Co, which had given its founder veto power over nearly all of the standard work conducted by a board of directors....
...Third-quarter profits at Bank of America beat expectations, but growth lagged rivals because the bank still has hundreds of billions of dollars of low yielding bonds that it bought during the pandemic....
...Several large Silicon Valley corporations slashed their diversity budgets last year amid recession fears, while lawsuits from conservative activists prompted Pfizer, Comcast, Goldman Sachs and Bank of America...
...Instead, it filed in the Southern District of New York, claiming that venue by virtue of the fact that the non-equity general partner in some of its entities partnerships was a New York corporation....
...A top US bank regulator is proposing new limits on big bank mergers, in the wake of the failure of Silicon Valley Bank and two other banks last year, and the recent market turmoil around New York Community...
...The bulk of Russian central bank assets — roughly €190bn — is held at Euroclear, a central securities depository based in Belgium....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...At Bank of America, rising deposit costs equalled two-thirds of new interest received in the quarter....
...JPMorgan, Bank of America, Citigroup and Wells Fargo all reported quarterly earnings on Friday. JPMorgan was alone among the group in posting record net profits for the year of $49.6bn....
...Only 17 per cent of the fund managers polled by Bank of America expect a so-called hard landing — which typically implies a recession — for global growth, the smallest proportion in 19 months....
...She found that 96 per cent of all the meetings had been taken with the largest “too big to fail” banks. Talk about capture....
...Alongside America’s highways, billboards jostle for drivers’ attention....
...buy $1bn in office loans from different banks at varying discounts....
...The board of the Federal Deposit Insurance Corporation on Thursday was scheduled to vote on the proposals, one from Republican member Jonathan McKernan and the other from Rohit Chopra, a Democrat....
...A high-profile accounting scandal in 2018 at commodities business Noble Group’s Singapore entity brought the business to the brink of collapse, while Japan’s biggest trading house Mitsubishi Corporation...
...Investors have been building up bets against the pound, as conviction grows that the Bank of England will start cutting interest rates by the summer, ahead of its US counterpart....
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