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...“American banking is ripe for reinvention and the American customer needs a Monzo-like product, a financial control centre that helps them manage their money.”...
...The AIIB is also in discussions with the Asian Development Bank and Inter-American Development Bank about similar projects, AIIB president Jin Liqun told the Financial Times....
...Discover’s is the smallest after Visa, Mastercard and American Express....
...The pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
...The Inter-American Development Bank on Sunday won board approval for the moves at its annual meeting in the Dominican Republic, including sweeping changes under which it will focus on fewer, bigger loans...
...More on the yen: Investors are increasing their bets that the Bank of Japan will need to keep raising borrowing costs as a weaker yen fuels inflation and puts pressure on the central bank to tighten its...
...That’s when he got a call from James Robinson III, who was then the chief executive of American Express and the biggest power broker on Wall Street....
...Unsurprisingly, the Bank Policy Institute is a US trade group representing banks. Jamie Dimon chairs the group’s board, which is basically a list of top executives from the biggest money-centre banks....
...BHP’s largely interested in Anglo American’s prized copper mines....
...Workers at a Wells Fargo bank branch in Albuquerque on Wednesday voted to form a union, making them the first employees of a major US bank to unionise in the latest sign of the resurgence of the labour movement...
...Investors only seem half convinced: The bank today pledged to return at least £10bn to shareholders over the next three years....
...Big share price moves in Europe today include British mining giant Anglo American, London-based bank Barclays and Amsterdam-listed payment company Adyen....
...Latin American central banks had been playing catch-up with advanced economies, trying to follow their lead in becoming less politicised, inflation-targeting institutions with flexible exchange rates....
...But the “dirty secret”, she writes, is that the richest 10 per cent of Americans own 92.5 per cent of the equities market....
...The tender came after Argentina’s central bank, — directed by economy minister Luis Caputo’s former investment bank colleague Santiago Bausili — on Monday moved to discourage banks from holding the short-term...
...The Bank of Mexico on Thursday cut interest rates for the first time in this cycle, making it the latest major Latin American central bank to begin lowering borrowing costs....
...Several European banks also reported first-quarter results....
...Americans have gorged on billions of dollars of credit card debt over the past three years....
...— No one buys books any more (The Elysian) — Scottish whisky’s American blues (Whiskey Invest Direct) — Europe’s brain waste (Lighthouse Reports) — The origin of IMF ‘conditionality’ (Phenomenal World...
...ECB: European Central Bank vice-president Luis de Guindos will give a lecture in Barcelona that could provide clues about monetary policymakers’ appetite for interest rate cuts....
...Americans have run through their savings and are falling behind on their loans....
...North American banks have only just happened upon this wheeze. In Canada total transactions jumped to C$87bn ($64bn) last year, according to Bloomberg, up nearly nine times since 2021....
...Beijing’s state-backed banks loaned more than $136bn to Latin American nations from 2005-22. Many Latin Americans have welcomed China’s arrival....
...In the most infamous incident a year earlier, an 80-year old Palestinian-American, Omar As’ad, died in the middle of the night after being detained and bound at a Netzah Yehuda checkpoint in the West Bank...
...As an adviser to Donald Trump, Kushner, the former president’s son-in-law, later drew up a US peace plan that would have handed most of the occupied West Bank to Israel....
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