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...Plus, depositors put pressure on big US banks....
...In the first quarter of this year, net purchases of such bonds by Chinese banks, overwhelmingly by regional lenders, totalled Rmb270bn ($37bn), according to securities market data analysed by BNP Paribas...
...According to a company filing, Norway’s central bank’s investment branch is interested in purchasing shares for up to $100mn at the IPO price....
...The bank also announced a 31 cents per share dividend, including a first interim dividend of 10 cents....
...But the man who may hold the keys to the company’s future was not in the room....
...Sam Johar, chair of board advisory group Buchanan Harvey, said: “Mark Tucker can’t stay beyond 2026, so the board had to work out who was going first: Tucker or Quinn....
...HSBC already reported a $3bn charge on its stake in a Chinese bank earlier this year amid mounting bad loans in the country....
...Former Postbank shareholders have spent 14 years claiming that Deutsche Bank paid too low a price for their holdings....
...Analysts believe that if last year’s pace of reductions is continued, the state holding could hit the low 20s by year-end — likely fuelling calls for an end to a cap on executive pay that it still faces,...
...Regulators have reportedly looked at allowing banks to offer unsecured short-term loans to developers for the first time....
...Prosecutors are probing whether Benko and Signa misled the bank regarding the company’s financial health. The loan was collateralised with shares in Signa Group entities....
...This was the first time he has sold shares in the bank other than for charitable or tax purposes. Jefferies said Handler, 62, was using the cash to buy a boat and pay tax obligations....
...Basel III bank capital reforms, first proposed in July last year, have sparked an intense battle between banks and their regulators....
...However, air fryer sales were still double the level seen in the first half of financial year 2022....
...Results: Charles Schwab, Goldman Sachs and M&T Bank reveal their first-quarter results. Economic data: Peru’s statistics agency, Inei, releases monthly economic growth data....
...Net profits for bank and broker Nomura surged almost 670 per cent from a year earlier in its latest quarter, as Tokyo stocks eclipsed their 1980s bubble-era high and Japanese companies raced to raise funds...
...Peltz gained a seat on Unilever’s board after his activist investment fund Trian Partners built a stake in the group, as first revealed by the FT, in 2022....
...The company’s first-quarter net sales fell to €5.3bn, down from €6.7bn in the same period a year earlier and €7.2bn in the fourth quarter....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...The former’s holdings include fintechs Klarna and Starling Bank, both of which are mooted IPO candidates, as well as chipmakers and online travel....
...The UK-based lender will book a $1bn hit to its pre-tax earnings in the first quarter of 2024 as a result of the sale, the latest in a series of moves to sell off parts of its operations....
...Goldman’s decision, which was first reported by Sky News, is expected to lead to similar shifts by other global banks....
...The 15 per cent stake owned by the Agnellis’ holding company Exor was a way for the company to broaden its investments beyond its major holdings, which include car companies such as Ferrari and Stellantis...
...But Deutsche suggested for the first time it might be willing to settle the issue out of court....
...In the first three months of this year, interest revenue at the same four banks rose on average less than one half of one per cent, up about $500mn, from the quarter before....
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