Hints and tips:
Related Special Reports
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...Spain’s two biggest banks by market capitalisation, Santander and BBVA, which have much larger international operations, were less badly hit....
...at the International Finance Corporation, the World Bank’s private-sector arm....
...In the banking sector, Santander’s bill was €224mn, equivalent to 9 per cent of its first-quarter profits, while BBVA’s €225mn was equal to 12 per cent....
...Looking around the metaphorical compass is more critical than ever now; no investor wants to walk into a tree....
...It also gave the banks more leeway to make capital-depleting deals, with PNC acquiring the US business of BBVA for $11.6bn in 2021, and US Bank snapping up MUFG Union Bank....
...In a real crisis, though, the faultlines of the European financial system will show up again, in unpredictable ways. The arc of financial history tends to organise itself to maximise embarrassment....
...Where else in the financial system do you see cracks appearing?...
...It would affect about 10 lenders, including its two largest banks, Santander and BBVA....
...“We had just launched a new China-focused product, ‘Risk Compass’, in May, and our revenues and performance were still gaining momentum.”...
...So do aggregates group CRH, caterer Compass and packaging maker Smurfit Kappa....
...DS: In my experience, it’s very difficult for very large corporations to change their compass....
...When announced it wiped billions from the valuations of the country’s five largest lenders such as Santander and BBVA....
...trading update US, April CPI data Results: Compass H1, Continental Q1, E.On Q1, ITV Q1, Manulife Financial Corporation Q1, Mediobanca Q1, Panasonic FY, Suzuki Motor Corporation FY, Takeda FY, ThyssenKrupp...
...An image of Mickey Mouse with a wide smile and a raised middle finger hangs on the way to Kanter’s desk, where he keeps a compass that he has also given as a gift to staff....
...He is a political columnist at the Financial Times....
...Yet from my role with a university endowment, I have also been under pressure to divest from energy corporations....
...BBVA’s US foray was the culmination of a series of acquisitions, most notably its $9.6bn purchase of Compass Bancshares in 2007 — just before the subprime bubble burst — and Guaranty Bank in 2009....
...and what comes next for Ant Financial....
...BBVA wasted no time in finding a way to put the cash to good use. On the same day its deal with PNC was announced, BBVA said “it is holding talks” with smaller Spanish rival Banco de Sabadell....
...(FT) News round-up News Corp to join battle for Simon & Schuster (FT) BBVA/Sabadell: mergers with urgers (FT Lex) Shell reveals latest year without paying UK corporation tax (FT) Santander buys Wirecard...
...But a global assembly of 381 jolted corporations including Cigna, BP, FedEx and Alibaba are rallying against the proposition, arguing the relaxed rules could spark a flurry of activist campaigns, enabling...
...Today we have: What has changed in the year since the Business Roundtable redefined the purpose of a corporation?...
...The head of Germany’s financial watchdog denied that the regulator had protected the payments company. 7....
...Worst of all, argues veteran anti-corruption campaigner, Frank Vogl, is a $500bn fund for big corporations likely to be under Mr Trump’s unsupervised control, which is contrary to the will of Congress....
International Edition