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...Mortgage approvals hit an 18-month high in March, the Bank of England reported last week, in a further sign of buyers returning to the market....
...CitizenM’s owners including its largest shareholder Dutch pension provider APG, Singaporean wealth fund GIC and founder Rattan Chadha are being advised by Morgan Stanley and the real estate investment bank...
...Canary Wharf still has to tackle a November maturity on £564mn in loans tied to 1-5 Bank Street, an office tower home to SocGen and EBRD....
...They are the ones who the banks didn’t lend to or don’t want to refinance,” said Lisa Attenborough, head of debt advisory at Knight Frank....
...“The hegemony of crewnecks has been going on for so long that the younger generations think the V-neck is a recent invention,” says menswear designer Oliver Spencer....
...Nonetheless, James Shin, a biopharma analyst at Deutsche Bank, said the sharp increase in biosimilar prescriptions in recent weeks would be “alarming” to AbbVie....
...“Banks will be under pressure,” said Barry Gosin, chief executive of Newmark, which handled $50bn of loan sales for failed Signature Bank....
...Net mortgage approvals rose to 61,300 last month from 60,500 in February, the Bank of England said on Tuesday....
...The UK bank said on Wednesday that it had returned to profit for the first time since 2018, with a pre-tax profit of £30.5mn in 2023, but chief executive Daniel Frumkin said he would “ensure the bank is...
...Avanza: Shares in Avanza, a Swedish online bank and investment group, rose 5 per cent after it said that customer numbers had risen by 7 per cent in the year to March to 1.95mn....
...When Duffy joined as head of CYBG in 2015, Crosbie was chief operating officer, a role she held for four years until she left to run TSB Bank....
...The Bank of England has kept interest rates on hold at 5.25 per cent for the fifth successive meeting, as evidence grows that inflation is falling....
...In a note on the acquisition last month, analysts at Jefferies said previous CMA reviews in the sector had “considered geographical concentration” and the companies’ land banks....
...However, this has been read by some in the market as a signal that sellers are hopeful that they can wait for better prices after the Bank of England lowers borrowing costs....
...Austria’s Raiffeisen Bank International said it expected the European Central Bank to ask it to accelerate the reduction of its business in Russia....
...Ethan WuWell, if you can cause a bank run with your columns, maybe it’s a different story. And from London, commercial property correspondent Joshua Oliver. Joshua OliverHey, Ethan....
...For the start-up bank, the stress test is basically irrelevant because the monthly payments never change....
...The US bank ultimately decided to stay in its current premises in Canary Wharf. Morgan Stanley declined to comment....
...The US investment bank has added a decade to the lease on its European headquarters at 20 Bank Street, extending its tenure from the current end date of 2028 to at least 2038....
...The mutual will pay 220p per share for the challenger bank, in a combination that the companies say will create the second-largest provider of mortgages and savings in the UK....
...It is a decent price given the challenges faced by banks today,” Gadhia said. “Nationwide is a good home for it and will benefit customers.”...
...The Bank of England this month opened the door to cutting interest rates....
...The Bank of England’s financial stability committee met today, and the subsequent report indicates that it remains antsy about the engorged size of Treasury basis trades....
...HSBC: Shares in the bank dropped 7 per cent after it unveiled a $3bn charge on the value of its stake in a Chinese bank and a further writedown on commercial real estate....
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