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...Deutsche Bank declined to comment....
...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....
...On the continent, Europe’s region-wide Stoxx 600 rose 0.2 per cent for a five-day winning streak and its third-straight record high close....
...Thursday’s rate cut is the third since Milei took office in December, when the benchmark rate stood at 133 per cent....
...With a Birmingham accent and a down-to-earth manner, Quinn is popular among the bank’s rank and file and was often seen walking the floor on Friday afternoons when he ran the commercial bank....
...Labour’s victory in Blackpool South was its third-biggest swing against the Conservatives in a postwar by-election....
...The combination would create the country’s second-largest bank worth more than €70bn. With Sabadell’s strength in SMEs, the pair’s domestic share of overall lending will rise to about one-fifth....
...More than two-thirds of roles affected will be in “legacy operations” such as linear, rather than digital, TV....
...Adani Green, the renewable energy business owned by Indian billionaire Gautam Adani, said it was aware of a US government probe into a “third party” following a report that alleged his conglomerate was subject...
...JPMorgan Chase captured almost a fifth of all US bank profits in the first nine months of 2023, capitalising on a year of turmoil for the country’s financial sector to emerge even more dominant....
...Romance scams — in which fraudsters latch on to people looking for love — rose by over a fifth in 2023, underlining the growing appeal of this highly manipulative form of fraud to criminals....
...Third, the four largest US banks have paid out $630bn since 2013 in share buybacks and dividends, equalling more than 80 per cent of their net income — that’s what they are choosing to use their capital...
...Tim Spence, chief executive at Fifth Third Bank, based in Cincinnati, Ohio, said the competition for deposits remained “robust”, but that banks were no longer having to offer customers such generous terms...
...Sterling extended early losses against the dollar to trade down 0.4 per cent on the day at $1.273 after the Bank of England held rates at a 16-year high of 5.25 per cent for the fifth consecutive meeting...
...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....
...European stocks notched a fifth consecutive week of gains as investors continued to shrug off comments from European Central Bank President Christine Lagarde, who said on Thursday there was “more work to...
...While the provision would wipe out close to a fifth of the lender’s expected annual pre-tax profit of €6.8bn, it nonetheless “appears manageable”, Citigroup analyst Andrew Coombs said in a research note...
...Cutting Edge Group (CEG), a music financier, publisher and record label based in London, has secured $500mn from a syndicate of four banks, led by US lender Fifth Third Bank and Northleaf Capital....
...BofA disclosed the slowdown in loan growth as it reported first-quarter profits fell almost a fifth, while it set aside an additional $1.3bn for losses on its current loan portfolio, or 19 per cent more...
...Poor data undermines trust and skews forecasting — as several central banks, including the Bank of England, discovered when it came to inflation....
...The latest campaign to be London’s mayor, which last week saw Labour’s Sadiq Khan return for a third term, did not inspire. The city contributes over a fifth of the UK’s output — and national revenue....
...As a result, the Stoxx Euro Banks index has burst into life since mid-February, up nearly a fifth, far ahead of the broader Stoxx 600. As yet, lenders’ newfound generosity does not look sustainable....
...Deutsche Bank had soared higher, with shares up a third this year, until a €1.3bn provision last week related to its takeover of Postbank sent the stock down nearly a tenth....
...The IMF has said that Ukraine needs to limit its public debt levels to roughly four-fifths of GDP by 2028 and two-thirds by 2033....
...Deutsche Bank warned late on Friday that up to a fifth of its expected pre-tax profit in 2024 might be wiped out as it braces for defeat in parts of a long-running shareholder lawsuit over its ill-fated...
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