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...The flipside to higher interest rates is people also want more for their savings....
...Far from saving art for the nation, the German law caused an exodus of works in the run-up to its introduction, says the Munich-based dealer Daniel Blau....
...But banks are finally having to pass on higher savings rates to depositors, according to JPMorgan and Wells Fargo, which also reported earnings....
...banks....
...And about half of that has been hiring by state and local educational systems, the bank points out, as school enrolment picks up for the first time since Covid-19 shutdowns: Before our ZeroHedge-ier readers...
...However, the building society said it would not make “material changes” to Virgin Money’s staff count in the first year after completion....
...Japanese banks’ earnings should be the first to reflect this shift....
...The market-implied likelihood of the first rate cut occurring in May fell to 55 per cent from 80 per cent....
...The measure, first launched in 2016, was reintroduced by the BoE in 2020 to provide funding at costs close to the base rate and ensure small businesses did not collapse....
...This was the first time Iran has directly attacked Israel....
...This has remained the same since 2016, so is more easily eclipsed by returns from the higher bank savings rates of recent times....
...Zehra Munir is the FT’s opinion commissioning editor Follow @FTMag to find out about our latest stories first...
...Analysts said some banks could lift their guidance when they report first-quarter results beginning this week....
...Consolidating finances can streamline bill payments, savings and other financial responsibilities....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...While the Bank of England bides its time cutting interest rates, it is possible to get more than 5 per cent in a savings account....
...First, consumers had high levels of liquid assets (sometimes called “excess savings”) left over from the pandemic, which provided a financial cushion that protected their spending power....
...Digging itself out of that hole also required a £350mn share issue and a sale of £3bn of residential mortgages, the loss of which contributed to Metro remaining unprofitable until the first half 2023....
...But fierce competition in the savings and mortgage markets because of rising interest rates has fuelled a wave of mergers and acquisitions speculation about small and medium banks that struggle to compete...
...“It has to keep up with how people are using banks and saving,” she said. “You’ve got to have a forward eye on how people are holding their money . . . in addition to closing gaps.”...
...The average first-time buyer property was valued at £270,602. For those renting, saving to buy has become a bigger challenge as rents have risen sharply in recent years....
...The often-mooted target offers savings in Germany and greater exposure to eastern Europe....
...reviewed by the Financial Times and people with first-hand knowledge of the details....
...my savings....
...The Bank Term Funding Program amounted to a 200bp rate cut injected narrowly into the banking system, according to JPMorgan’s Bob Michele....
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