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...At first, it was Lazard and Rothschild that Roger Altman’s boutique New York investment bank Evercore had in its sights....
...A top US bank regulator is proposing new limits on big bank mergers, in the wake of the failure of Silicon Valley Bank and two other banks last year, and the recent market turmoil around New York Community...
...The Bank of Canada’s next rate decision is on June 5....
...“We don’t have to do what the Fed does; we can run our own monetary policy,” Tiff Macklem told Canadian senators on Wednesday afternoon, hours after the US central bank signalled that rates are likely to...
...The board of the Federal Deposit Insurance Corporation on Thursday was scheduled to vote on the proposals, one from Republican member Jonathan McKernan and the other from Rohit Chopra, a Democrat....
...He said that under the current system, “if I move a senior person between New York and London I am driving up the fixed cost of our operations”....
...In a wide-ranging interview on Tuesday at the Economic Club of New York, Dimon said the state of the US economy was “unbelievable” and had been “booming for a while”....
...“But the fact that the announced M&A is up is a good indication that you should see a pick-up of revenues later in the year.”...
...Tropin said his firm needs to have a presence in New York as the city remains a magnet....
...A group of Wall Street veterans is now setting its sights on a new target: failed banks....
...The results highlighted the ability of Morgan Stanley’s wealth management business, which has been a driver of the bank’s growth in recent years, to add new client assets on a large scale....
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...New York Community Bank, which raised more than $1bn this month to shore up its finances and after shedding two-thirds of its market value since the end of January, had previously more than doubled its assets...
...The Federal Deposit Insurance Corporation, which released the numbers on Thursday as part of its quarterly review, does not name the individual banks that are on its so-called problem bank list....
...Republican board member Jonathan McKernan and the Democratic chair Martin Gruenberg are each crafting measures that would demand new requirements of funds that hold more than 10 per cent of a bank’s shares...
...Handler’s remaining shares in New York-based Jefferies are worth more than $800mn. Bloomberg in 2021 estimated his net worth at more than $1bn....
...New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin, in an effort to shore up its finances and calm fears after weeks of...
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...And the other important consideration is that we haven’t seen how [new activities in the non-bank financial world] will perform in the full interest rate cycle....
...Quinn blamed the intensity of a position that has seen him criss-cross between London, Hong Kong, mainland China, New York and the Middle East over the past five years....
...“Now banks are saying ‘we don’t see how this could get worse’.”...
...We’re combining Christofferson Robb’s kind sponsorship lucre and Alphaville’s own swag proceeds on a free bar tab for readers that come along. It won’t be infinite, but it’ll be generous....
...The board of the International Finance Corporation is meeting on Thursday under growing pressure to pay compensation to alleged victims of child sexual abuse in a network of schools in Kenya operated by...
...Owen Walker I don’t think anyone should be expecting HSBC to change their strategy for China, and I don’t think any incoming CEO will have a vastly different approach to the bank’s global operations than...
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