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...Paris has emerged as the biggest winner, with Wall Street banks such as JPMorgan and Bank of America choosing the French capital for their main post-Brexit European centre....
...as 2022 National Basketball Association champions the Golden State Warriors, the Utah Jazz and the Sacramento Kings....
...Todd McCracken, president of the National Small Business Association, an advocacy group, says his members are “worried about some additional consolidation and uniformity and in the types of financial institutions...
...Fedspeak: Federal Reserve governor Michelle Bowman will deliver a virtual speech at a workshop on the future of banking hosted by the central bank’s Kansas City branch....
...In the first quarter of the year, according to the London Stock Exchange Group, the Americas accounted for 54 per cent of investment banking fees globally (compared with 47 per cent for all of last year,...
...A day after the Fed meeting, the Swiss National Bank unexpectedly cut its interest rates, knocking about 1 per cent off the value of its currency....
...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....
...In a seismic settlement last month, the National Association of Realtors (NAR), the all-powerful industry trade organisation, agreed to abandon a long-standing rule that requires home sellers to compensate...
...And it looks like we’re getting some of that,” said Scott Siefers, a banking analyst at Piper Sandler....
...This month investors have been spooked by exposures on CRE loan books at lenders including America’s New York Community Bank, Japan’s Aozora and Germany’s Deutsche Pfandbriefbank....
...Since 2018, the National Football League has suspended a handful of players for wagering on its games....
...Rohit Chopra, a Democratic FDIC board member, told the FT: “When you are exerting control over a bank, that typically triggers long-standing requirements under US banking law....
...Jefferies chief executive Rich Handler has sold $65mn of his stock in the Wall Street investment bank to buy a luxury yacht from longtime client Tilman Fertitta....
...Alastair Ryan, an analyst at Bank of America, said he expected lots of long-term Credit Suisse clients to go elsewhere....
...The 2023 bank failures underscored yet again the fundamental issue of banking vulnerability rooted in the high financial leverage employed by banks....
...Job moves Bank of America has hired Olof Engelbrekts as head of investment banking in Switzerland. He previously worked for UBS....
...However, the arrival of former Bank of America dealmaker Diego De Giorgi as chief financial officer at the start of the year introduced a strong rival for the top job....
...The brokerage, a unit of Warren Buffett’s Berkshire Hathaway, was the last remaining defendant in cases that the National Association of Realtors trade group agreed to settle for $418mn in March....
...It also risks serious flak from Dutch politicians and regulators who worry about threats to the banking sector, especially after the travails of America’s regional lenders a year ago....
...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...
...Wayne LaPierre, the gun rights lobbyist who has led the influential National Rifle Association for more than three decades, will step down from his role as chief executive at the end of the month in the...
...Sheinbaum, a former mayor of Mexico City who holds a double-digit lead in the polls, signalled the importance of the US trade relationship as concern has grown in Washington over increasing Chinese investment...
...US regional banks that frankly most Europeans had never heard of but were the size of several continental national champions were dying off as the sharp rise in interest rates exacted a heavy toll....
...The pile of unallocated capital, aka dry powder, is vast. Data from Silicon Valley Bank puts the total at $277bn, while the National Venture Capital Association says it is closer to $312bn....
...“It seems like this is the beginning of a trend as . . . this is the first time China has actually [edged past the US],” said Danny Quah, dean of the Lee Kuan Yew School of Public Policy at the National...
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