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...The recent travails of Reading FC, founded in 1871, have been held up as a case study as to why regulation is needed, after an ambitious owner overspent and underdelivered, leaving the club with unpaid bills...
...North America has become more important to European football since Fifa stood in the way of Relevent’s attempts to host a La Liga clash between FC Barcelona and Girona in Miami in 2019....
...News round-up Banks face $2tn of maturing US property debt over next 3 years (FT) Companies rush to issue bonds to forestall market volatility ahead of US election (FT) Rheinmetall chief urges Europe...
...“He brought me to America in the ’70s when England was in black-and-white. America was in colour.”...
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...The proceeds of the deal were earmarked for charity but remain frozen in a bank account because of a dispute about where and how the money should be spent....
...Bank of America cut the compensation of its top executive Brian Moyniahn by 3 per cent, or $1mn to $29mn in 2023, a year when the company’s bottom line shrunk and its stock lagged rivals....
...“Finding those outside of North America is difficult.”...
...Bank of America has sent “letters of education” to employees who have not been showing up at the office, warning them of disciplinary action, in the latest move from a large company to push staff back to...
...Third-quarter profits at Bank of America beat expectations, but growth lagged rivals because the bank still has hundreds of billions of dollars of low yielding bonds that it bought during the pandemic....
...Bank of America has tapped Lukas Poensgen as head of M&A for Germany, Austria and Switzerland, and Juan Vilarino Rumeu as head of M&A for Iberia....
...JPMorgan, Bank of America, Citigroup and Wells Fargo all reported quarterly earnings on Friday. JPMorgan was alone among the group in posting record net profits for the year of $49.6bn....
...Last month, the PGA Tour announced it would raise up to $3bn from Strategic Sports Group, a consortium led by Liverpool FC and Boston Red Sox owner John Henry....
...Deutsche Bank has hired Andy Tam from Perella Weinberg Partners as co-head of Americas insurance in the financial institutions group. He will be based in New York....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...Only 17 per cent of the fund managers polled by Bank of America expect a so-called hard landing — which typically implies a recession — for global growth, the smallest proportion in 19 months....
...Bank of America has shoved back its call for the first Fed cut from June all the way out to December — a huge jump for a tweak that typically moves in increments of one or two months at a time and that opens...
...Based on the price of these options, strategists at Bank of America say markets are now pricing in a more than 10 per cent chance of such a scenario within the next six months....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...rate risk of bank assets”....
...The foreign office said: “The proceeds from the sale of Chelsea FC are frozen in a UK bank account while independent experts establish a foundation to manage and distribute the money for humanitarian purposes...
...Andrew Hill ‘Smart Money: The Fall and Rise of Brentford FC’, by Alex Duff Matthew Benham made a small fortune from trading derivatives for some of the biggest banks on Wall Street....
...Brian Moynihan, the chief executive of Bank of America, said he expects the US economy to experience a “soft landing” next year instead of a recession....
...Seven banks — out of 45 then operating in the country — have been granted presidential approval, including Mercedes-Benz Bank, Ikano, J&T and Intesa....
...This sly three-hour slow-burner is a crime drama of sorts — until it isn’t. It begins with a solitary middle-aged man, Morán (Daniel Elías), weary of the monotonous grind of working at a bank....
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