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...Bank of Ireland is racing to avoid a loss on a loan against No 1 Poultry, the postmodern pink block that houses City restaurant Coq d’Argent, in a sign of the extent of the challenges for the London office...
...Deutsche Bank’s gains from better than expected quarterly results last week were wiped out on Monday after a €1.3bn profit warning sent shares down more 8 per cent....
...But on Friday the lender disclosed that it would book a provision of up to €1.3bn after a court in Cologne indicated that the bank was poised to lose elements of a complex lawsuit over what it paid other...
...Sterling and the euro were each up more than 1 per cent against the dollar by mid-afternoon after central bank officials in the UK and Europe were less sanguine about the possibility of interest rate cuts...
...The lender’s common equity tier 1 ratio — a leading benchmark for its balance sheet strength — was 13.4 per cent, 0.3 percentage points lower than at the end of 2023 but well above the bank’s minimum target...
...Lloyds said pre-tax profits dropped year on year to £1.6bn, less than the £1.7bn analysts had expected....
...Earlier in the day, it had fallen to a fresh 34-year low after Bank of Japan policymakers unanimously agreed to continue guiding its overnight interest rate within a range of about zero to 0.1 per cent....
...Germany’s largest lender on Thursday reported a 10 per cent year-on-year increase in net income to €1.45bn between January and March, slightly above analysts’ expectations....
...The Hang Seng edged up 0.1 per cent, with Bank of China leading losses as it shed 3.5 per cent....
...The bank said net loans at its retail unit decreased by £1.7bn as more customers paid off their mortgage balances early....
...On average, the nation’s biggest banks pay an average interest rate of 2.9 per cent to depositors, up from 1.8 per cent a year ago, but still well below the Fed’s short-term official interest rate of 5.5...
...Profits fell 13 per cent from the same period a year earlier to £1.6bn, after weakness in the bank’s domestic business and its investment bank drove a 4 per cent decline in group revenues to £7bn....
...In its corporate and investment bank, which BNP has been building up, the deal advisory and financing teams drove a 6.1 per cent rise in “global banking” revenue, echoing a rebound on Wall Street....
...This is predicated on the large overlap between the two’s domestic branch networks, estimated at about 1,200 by Barclays at the time of the last merger attempt....
...Revenues in the period slipped 1 per cent to just below $26bn....
...The Bank of Japan decided on Tuesday to allow yields on the 10-year Japanese government bond to rise above 1 per cent, revising its yield curve controls for the second time in three months....
...Earlier, BoJ policymakers had voted unanimously to keep benchmark interest rates within a range of about zero to 0.1 per cent....
...Such a sharp rise would push up overall global inflation nearly 1 percentage point, it said....
...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....
...Lloyds’ total lending fell £1.2bn to £448.5bn in the first quarter, with its mortgage balance shrinking by £1.6bn. The group however flagged a rise in mortgage applications in the first quarter....
...The 1.5mn households who need to remortgage this year will see their payments rise by £1,800 annually on average, according to the Resolution Foundation think-tank....
...Despite the government steps, rural banks still bought Rmb400bn worth of sovereign bonds between March 1 and April 16, secondary trading data from China’s interbank bond market showed....
...RBI’s Russian profits more than tripled to €1.8bn between 2021 and 2023, accounting for half of the Austrian group’s total profit, compared with about a third before the war....
...Sabadell acquired TSB for £1.7bn in 2015 as part of an effort to internationalise its business, although that has not advanced far beyond the UK....
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