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...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....
...The Bank of Canada boosted its predictions for the domestic economy, which it now expects to expand by 1.5 per cent in 2024 — almost double its most recent forecast in January of 0.8 per cent....
...Shares in BBVA dropped 3.5 per cent after the news of the talks was first reported by Sky News, while shares in Sabadell rose 5.8 per cent. The two banks have attempted to strike a deal before....
...UniCredit shares hit an eight-year high on Monday after the bank said it would return its entire 2023 profit pool of €8.6bn to investors....
...HSBC already reported a $3bn charge on its stake in a Chinese bank earlier this year amid mounting bad loans in the country....
...The Bank of Japan is likely to hold off from raising interest rates next week but investors expect the central bank to outline its response to rising inflationary pressures caused by the yen’s decline....
...UK wage growth eased by less than expected in the three months to December, according to official data that will leave the Bank of England still looking for confirmation that inflation is on the way down...
...The tech-heavy Nasdaq Composite fell 0.8 per cent....
...In all, BofA’s net profit fell to $6.7bn in the first three months of the year from $8.2bn a year earlier, the Charlotte-based lender said. Revenues in the period slipped 1 per cent to just below $26bn....
...Sewing’s cash bonus was reduced by 10 per cent or €281,000, resulting in a decline in his total pay to €8.75mn, from €8.93mn in 2022....
...Arval’s revenues fell 5.8 per cent in the first quarter....
...StanChart’s Hong Kong-listed shares are up 16.8 per cent over the past year, though they have still fallen more than 40 per cent since Winters took over in June 2015....
...By shrinking its balance sheet it expects it will have at least another €8.5bn of excess capital to return to shareholders — 14 per cent of its market value....
...Big share price moves in Europe today include Spanish banks Banco de Sabadell and BBVA, and UK medical technology company Smith & Nephew: BBVA: Shares in the Spanish bank dropped 8 per cent, after Tuesday...
...Prices on RBI’s existing AT1 bonds slipped slightly on Wednesday, while shares in the bank closed 8.7 per cent lower....
...Return on tangible equity, an important measure of bank profitability, stood at 8.7 per cent, higher than a year before but below Deutsche’s medium-term target of more than 10 per cent....
...The profit warning comes a day after Deutsche Bank reported its highest quarterly profit in 11 years, sending its shares up more than 8 per cent to their highest level in seven years....
...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...
...African Development Bank — the highest in more than a decade....
...Ueda said in mid-April that the central bank could act if the impact of the weak yen became “too big to ignore”....
...of 0.8 per cent....
...cautious approach to starting to reduce Bank Rate”....
...At Wells Fargo, first quarter NII came in 8 per cent lower compared with a year earlier. At Citi, the metric eked out a 1 per cent year-on-year gain but fell quarter on quarter....
...US employment: US government data is expected to show that job openings in March edged down to 8.69mn from 8.75mn in February....
...Official data this week shows that house prices in the capital were 4.8 per cent lower in February 2024 compared with the year before, much worse than the 0.2 per cent contraction registered in the same...
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