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...Until then, the Barclay family, whose stake in the group was seized by Lloyds Banking Group, retain technical ownership of the newspaper, but with no operational control....
...“There is no valid legal claim that can be asserted” by TGT against Tyr, it said, and added that it “respects all relevant laws” and has “complied with its regulatory and contractual obligations”....
...Emails show that in July 2021 a PCC accounting official in Tehran emailed Rejal about a planned payment from China, telling him, “Please send us the safe account No. For payment.”...
...Cambridge has pledged to divest its £4bn endowment from all direct and indirect investments in fossil fuels by 2030, while Oxford has come under fire from students for continued indirect exposure to fossil...
...Almost a year on from the collapse of Silicon Valley Bank, investors feared another regional US lender was in trouble. Mnuchin is no stranger to a banking crisis....
...What many don’t realise is that, legally, all money held in a joint bank account is owned by anyone named as an account holder....
...the Central Bank of Russia’s deposit account....
...Western investors can bid for them from June 3 using funds from “type C” accounts, which are not usually allowed to be transferred outside Russia, although it is not clear whether western regulators will...
...Regulators should use all available powers to prevent that from happening....
...ETFs have been all the rage among US investors, amassing about $2tn in net new dollars from 2021 to the end of 2023, according to data from Morningstar....
...RedBird IMI is led by former CNN chief Jeff Zucker and struck a deal only last year to buy the media group from Lloyds after the bank seized control from the Barclay family over unpaid debts....
...In another test, S&P looked at US mutual funds....
...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....
...The politically convenient fiction that all eurozone sovereign bonds are risk-free means that banks need set no capital against them....
...Yet when you look at flows, even half that amount would help reverse the estimated £14bn withdrawn from UK equity funds last year or boost the £9bn or so in annual flows by UK pension funds into UK equities...
...No doubt I should have been more attentive to the money. After all, what kind of bank would want a pot of cash on which it is paying no interest littering its vaults?...
...No longer,” Biggar told a media conference in London, flanked by officials from the FBI, US Department of Justice and Europol. “As of today, LockBit is effectively redundant....
...They warn that bank runs will be with us as long as we have banks, and all the rules in the world won’t prevent greedy or misguided executives from making dangerous mistakes....
...This discussion isn’t all that new; see the many pieces written (by us and Unhedged) about US regional banks and commercial real estate over the past year....
...Banks that failed to keep up have been left exposed. Between spring 2022 and 2023, the US federal funds effective rate soared from almost zero to more than 5 per cent....
...Here’s a new NBER paper that estimates that the market share of US banks in all private lending has almost halved from 60 per cent in 1970 to 35 per cent last year; loans as a percentage of bank assets has...
...Its returns are broadly similar to those of UK consumer banks. It is a model of community engagement and responsible banking. It ticks all the right ESG boxes....
...What’s more, the level of service — or lack of it — varied drastically from bank to bank....
...Hsu said he had seen no evidence for the banks’ claim that the new rules would make lending to minorities or small business owners more expensive....
...The US is coming around to the idea of seizing up to €260bn of Russian central bank assets held abroad that were frozen early in the war and using them to fund Kyiv; EU countries including France and Germany...
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