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...The report card from the Washington-based group, founded to hold banks to account in the aftermath of the 2008 financial crisis, covers Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley...
...His net worth (estimated by Forbes at $4.5bn and by Bloomberg at $4.9bn) was tied up in Virgin’s businesses, “not sitting in a bank account ready to withdraw”, he explained....
...We expect momentum to slow in the key markets of North America (accelerating market share declines), Europe (gin and GB weakness) and India (consumer & regulatory headwinds) which combined account for over...
...Consumer account numbers were down 1 per cent, but the rate of customer loss was slower than in 2017....
...The quarterly earnings-per-share figure of $1.76, excluding one-off tax effects, came in ahead of the market’s expectations of $1.69 for the 12th quarter in a row....
...In travel outlets, which account for almost two thirds of the group’s annual profit, sales were up another 7 per cent, with like-for-like sales up 3 per cent, Here also, the gross margin continued to grow...
...More than half of the $1.2tn worth of acquisitions in the first quarter — the fastest start to a year ever — have been worth in excess of $5bn....
...But according to Bra, Sweden’s crime statistics bureau, muggings doubled between 2014 and 2016, from 0.7 per cent of the population to 1.4 per cent, just as the cash held by shops and banks was declining...
...Accounts held with Israeli Discount Bank have also been brought to the attention of US authorities....
...Immigration Percentage of the population that is foreign born (2015) Japan 1.76% US 13.45% | UK 13.9% | Germany 14.2% Inflows of permanent immigrants in 2015 Japan 81,000 US 1m | UK 378,800 | Germany...
..., down from between 39 per cent and 76 per cent in the commodity boom years of 2006 to 2014....
...The government did a good job of the fiscal accounts....
...If this happens, it will go some way toward addressing the current imbalance in international finance, under which less than 1 per cent of global central bank reserves are held in renminbi in spite of the...
...This country had a sovereign debt crisis in both 1982 and 1994, the first of which threatened to leave a number of American banks insolvent, including Citicorp and Bank of America, if the banks had not agreed...
...1,591 FTSE100 up +159.87 (+2.32%) at 7,047 CAC 40 up +123.17 (+2.48%) at 5,090 Dax up +301.76 (+2.65%) at 11,710 Currencies €/$ 1.12 (1.12) $/¥ 119.93 (119.86) £/$ 1.54 (1.55) €/£ 0.7234 (0.7241) Commodities...
...The central bank held its key rate at 0-0.25 per cent in its first meeting of 2015 and said the US economy was expanding at a “solid” pace with strong gains in employment....
...GSK shares closed up 1.6 per cent at £14.76...
...Countries like India, Turkey and Thailand are improving their current account balances by more than 1 per cent of GDP....
...A 2011 report from the BLS found 23 per cent of young women held college degrees, versus 14 per cent of young men. Could it be a lack of mathematical acumen?...
...Of our respondents, 68.5 per cent of those investing in alternative assets held less than Rmb4m worth of non-traditional overseas assets. Yet the investments are bearing fruit....
...Do we think the Bank of England will raise interest rates in 2015? If they don’t, it’s actually rather worrying....
...(Financial Times) Biggest US banks forced to hold $68bn in extra capital: US regulators have held out the prospect of more draconian measures after ratcheting up capital requirements for the biggest US...
...The banks are assessing ways to tighten policies on “private account” trading as part of internal probes into possible manipulation in the vast global foreign exchange markets, several people familiar with...
...(Financial Times) “Bitcoin prices plunged nearly 10 percent today after a report that China’s central bank ordered banks and payment companies to close the trading accounts of more than 10 exchanges....
...(Financial Times) Bad loan writedowns soar at China banks: In the latest indication of the turbulence now buffeting China’s financial system, the five biggest Chinese banks, which account for more than...
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