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...Importantly, leverage is capped at 2x, but most BDCs operate at 0.8-1.2x leverage....
...They said 8 per cent and 5 per cent of their investment capital had been repaid using assets confiscated from Lantian Gerui and its former employees that were worth a total Rmb2.8bn (£309mn)....
...In all, BofA’s net profit fell to $6.7bn in the first three months of the year from $8.2bn a year earlier, the Charlotte-based lender said. Revenues in the period slipped 1 per cent to just below $26bn....
...That is the most money the bank has made in its history and the most money any bank has made ever. A few days later, Goldman Sachs announced that it had made far less over the same year, about $8.5bn....
...Citi and Wells Fargo also recorded drops in lending. The pullback in lending hit JPMorgan Chase particularly hard....
...The sanctions in effect froze all assets held by NSD on behalf of investors which were deposited with European banks, including the €720mn it held in a JPMorgan Chase account in Frankfurt....
...Smaller banks have come under pressure from depositors, either from savers concerned that funds above the $250,000 limit covered by government-backed insurance or from depositors looking for better rates...
...Mining company Glencore, which also offers a generous dividend yield of 8.7 per cent, saw December to January growth of 51 per cent....
...Delinquencies on credit card loans are also running at their highest level in almost 13 years, according to data from Moody’s Analytics, even as banks have reported record profits from credit card lending...
...The rate Chinese state banks set to borrow from each other for a week rose more than 5.3 per cent this week, up from 2.8 per cent a month ago....
...And here’s what I’m keeping tabs on today and over the weekend: Results: Several large US banks report annual results today, including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America....
...Eurozone inflation fell to 2.8 per cent in January from a record high of 10.6 per cent in October 2022....
...This is a wholly separate issue from the issue of bank runs: The ease of a financial super-app may be what prompts you to chase down an extra 50 basis in points, but the clunkiness or lack of an app is unlikely...
...Credit card transactions rose 8 per cent in the quarter at Citi. Both JPMorgan and Wells Fargo lowered, from the previous quarter, the amount of money they put away for potential loan losses....
...Oasis was founded in 2002 by Seth Fischer, a former portfolio manager in Asia for JPMorgan Chase’s Highbridge Capital....
...Some of Peltz’s adversaries in the Disney fight seized the opportunity to criticise his tactics and his firm’s record....
...The bank would later withhold millions of dollars in bonuses from the two previous CEOs, Boris Collardi and Bernhard Hodler, after it was sanctioned by Finma, Switzerland’s financial regulator, over a South...
...Its adjusted funds from operations were $2.1bn, or 74 per cent of dividends, while Breit’s “funds available for distribution” were $1.7bn, or 61 per cent....
...When Harrison Ford’s Dr Richard Kimble protests his innocence in the storm drain chase scene, Gerard tells him: “I don’t care.”...
...Police in Italy and several other European countries arrested 22 people and seized assets worth €600mn in connection with alleged fraud involving the EU’s post-pandemic recovery fund....
...All 14 food stocks in the S&P 500 have underperformed the broader index by at least 8 percentage points....
...The latest moves, conveyed to banks in person by representatives from the People’s Bank of China, the Central Financial Commission, the National Administration of Financial Regulation and the China Securities...
...In the “last two years there has been a lot of demand to the index provider from the investors” for India’s bond inclusion, said Jayesh Mehta, India country treasurer at Bank of America....
...One thing to start: JPMorgan Chase paid longtime chief executive Jamie Dimon $36mn for 2023, up about 4 per cent from a year earlier and his biggest-ever pay packet at the US bank....
...Net interest income — the difference between what banks pay on deposits and what they earn from loans and other assets — has in the past 18 months lifted earnings for the likes of JPMorgan Chase, Bank of...
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