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...The share of customer deposits at mainland Chinese banks has risen over the past decade, while European banks’ share dipped....
...August 14, 2023: Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware...
...the United States and are not guaranteed by the United States....
...That said, there’s a world of difference between being a start-up with a couple of people and $100,000 in the bank and someone looking around for somewhere to park $3.3bn....
...And over in the United States, one lawyer’s starting to dig deeper into the Kinahan money machine in the Middle East. Eric MontalvoDaniel Kinahan is living in Dubai, they’re having a party in Dubai....
...Between May 9-11 we conducted a survey on the anticipated change in rates, credit spreads, and currencies in the unlikely event of a technical default....
...Thomas Pugh: Inflation is now on its way down after peaking at 11.1 per cent in October....
...Net long positions in the last reporting week were reduced by another 11,000 to 122,200 contracts – the lowest figure since June 2019....
...(0.00%) at 5,071 European markets Eurofirst 300 up +29.31 (+2.08%) at 1,441 FTSE100 up +129.76 (+2.16%) at 6,148 CAC 40 up +99.31 (+2.15%) at 4,724 Dax up +220.53 (+2.11%) at 10,690 Currencies €/$ 1.09...
...Out of 222 members of parliament, we estimate that 131 would side with Mr Najib in the unlikely event of a no-confidence vote (see chart)....
...In drawing lessons, he notes that the promise made by banks to turn illiquid and risky assets into liquid and safe liabilities is, like other forms of alchemy, fraudulent....
...Intraday Greek banks will open for the first time in three weeks this morning, with customers able to pay in cheques, pay bills, settle book entries and gain access to safe deposit boxes....
...(FT) HSBC to charge for deposits The bank said it would introduce fees for clients this summer on deposits in Swiss francs, Danish krone and Swedish krona – all currencies of countries with negative interest...
...They follow in the footsteps of Britain, which announced last week that it would join the $50bn Asian Infrastructure Investment Bank, prompting the Obama administration to accuse it of “constant accommodation...
...The biggest publishing event of the year was undoubtedly Go Set a Watchman by Harper Lee, released to great fanfare in July after having been liberated from a safe-deposit box by the octogenarian Alabama...
...The pre-emptive step aims to avoid stricter EU conditions on state support to banks and a £471,000 cap on executive pay....
...(Bloomberg) China to invest in £650m Manchester project: The state-owned Industrial and Commercial Bank of China will invest in a new £650m business district at Manchester airport in a deal the government...
...Today in the United States, the United Kingdom, and the developed world, women are better off than ever....
...I withdrew a cashier’s cheque and locked it in a deposit box for safe keeping....
...the status of the Netherlands as one of the few safe havens in the eurozone....
...Jean-Claude Trichet, president of the European Central Bank, attempted to damp down expectations of a currency intervention, telling a German newspaper: “The euro is not in danger.”...
...TEDGlobal 2011 ran from July 11-15 in Oxford, www.ted.com ……………………....
...As bank deposit rates decline, most of us spend more. The Chinese tend to stash away even greater sums to make up for the lost interest....
...Elsewhere in the sector, Deutsche Bank fell 11.3 per cent to €29.20. France’s Crédit Agricole fell 13.26 per cent to €7.98. In The Netherlands, ING Group fell 13 per cent to €4.00....
...Bank of India guaranteed the bank’s deposits....
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