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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.”...
...Discover’s is the smallest after Visa, Mastercard and American Express....
...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....
...The pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
...parliamentary elections begins US: sentencing in Florida of former British Virgin Islands premier Andrew Fahie, convicted of conspiracy to import a controlled substance, conspiracy to commit money laundering, interstate...
...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 than a third of US bridge spans need significant repairs and should be replaced, according to the American Road & Transportation Builders Association....
...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....
...It’s a hope that the American public land is still the American public land and it can’t be controlled.” And Cape, of all things, builds fences for a living....
...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....
...Before Christmas, the organisation distributed “guidance” to firms about what to do if a state changed its laws, including a scary-looking “interstate practice compliance checklist”....
...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....
...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...
...(Patrick Temple-West) TAX POLICY Taxes take centre stage Monday was the US federal tax due date for Americans — a culmination of our annual slog through the IRS’s painfully complex rules....
...As the annual World Bank-IMF joint spring meetings come to a close in Washington, everyone should be aware of the risks Plender sets out....
...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....
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