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...(ICBC), as well as Allied Irish Banks and Dutch lender ING, according to people familiar with the matter....
...The seven top European banks by assets in Russia — Raiffeisen Bank International, UniCredit, ING, Commerzbank, Deutsche Bank, Intesa Sanpaolo and OTP — reported a combined profit of more than €3bn in 2023...
...ING warned that its total income would be lower than last year’s in anticipation of central banks cutting interest rates....
...That shift comes partly because many banks trade below their book values. But even among this group, ING stands out....
...Underlining the immediacy of this risk is this week’s report of steep commercial property related earnings declines at a US, a Japanese and a Swiss bank....
...Private-credit funds are on track for their outright decline in gross capital distributions for the first time since 2020, the bank points out: As Barclays puts it: In our view, the suppression in private...
...That distinction was not lost on the Swiss National Bank which in its usual sure-footed way cut interest rates in March precisely because Swiss inflation was falling more rapidly than it had expected...
...In his column, commenting on the recent New York court ruling (“Trump’s campaign is bankruptcy protection”, Opinion, February 22), Edward Luce writes that Donald Trump’s creditors “deserve whatever...
...Bruce LloydEmeritus Professor of Strategic Management, London South Bank University, London SE1, UK Letter in response to this letter:Governments ignore costs of transition at their peril / From...
...The claim against ING argues that the bank has a “duty of care” under Dutch law to not create any danger that could lead to avoidable damage to property or personal injury....
...Please don’t refer to Sam Bankman-Fried as the “former billionaire” (Person in the News, November 4) anymore. It is inaccurate....
...South Korea’s gross domestic product grew faster than expected in the first three months of 2024, data that could delay interest rate cuts from the Bank of Korea....
...Canada’s central bank governor signalled an interest rate cut at its next meeting in June was “within the realm of possibilities”....
...The uptick in German inflation was “a good reminder of how difficult the last mile of bringing inflation sustainably back to 2 per cent will be for the ECB”, said Carsten Brzeski, an economist at ING....
...Some banks, such as ING of the Netherlands, could even beat that, with a 15 per cent total yield. UBS, on the other hand, will need to fully integrate Credit Suisse first and may be more parsimonious....
...It is for these reasons that the Swiss National Bank, Switzerland’s central bank, had been buying hundreds of billions of euros and dollars during the past 10 years or so....
...“The Fed’s inflation problems have a global dimension and other central banks cannot ignore them,” said James Knightley, chief international economist at ING in New York....
...South Korea’s consumer price index rose less than expected in January but potential price pressures are creating uncertainty around when the Bank of Korea will start lowering interest rates....
...Given a choice between independence or a few more dollars in their bank accounts, I suspect most business titans would prefer to live on their own terms....
...to Bank Rate....
...“It looks like a happily divergent ECB has sent the euro weaker against the dollar,” said Chris Turner, head of global markets at ING....
...He offers several proposals for concerted international action to increase the flow of finance to developing countries, in particular through the multilateral development banks....
...It secured a €50mn revolving credit facility at the end of last year from BNP Paribas and ING Bank for future investment or expansion plans, including takeovers. “We don’t give any timelines on IPO....
...After the financial crisis struggling banks sold or spun off insurance units: the UK’s RBS (now NatWest) spun off Direct Line; ING of the Netherlands listed insurer NN....
...While the EU released €10bn to Hungary late last year, Budapest faces “no such prospect” of a full release of European funds, according to ING’s Virovácz....
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