Hints and tips:
Related Special Reports
...Bank of Ireland is racing to avoid a loss on a loan against No 1 Poultry, the postmodern pink block that houses City restaurant Coq d’Argent, in a sign of the extent of the challenges for the London office...
...The Financial Times has found the offers among more than 2,400 job advertisements posted in Russia by the Austrian lender since December, of which almost 1,500 are for sales management and customer service...
...Sterling and the euro were each up more than 1 per cent against the dollar by mid-afternoon after central bank officials in the UK and Europe were less sanguine about the possibility of interest rate cuts...
...Revenues in the period slipped 1 per cent to just below $26bn....
...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....
...Citigroup, by contrast, gained 1.1 per cent after reporting better than expected quarterly profits....
...At Citi, the metric eked out a 1 per cent year-on-year gain but fell quarter on quarter....
...Shares in Citi fell 1.7 per cent on Friday, but less than those of rival JPMorgan Chase, which ended the day 6.5 per cent lower....
...The Bank of Japan decided on Tuesday to allow yields on the 10-year Japanese government bond to rise above 1 per cent, revising its yield curve controls for the second time in three months....
...An investigation by the FT found that the Austrian bank had posted 2,400 job advertisements in Russia since December, with some 1,500 for sales management and customer service roles....
...Goldman’s price to book ratio is now at 1.25x, below those of JPMorgan and Morgan Stanley....
...The SNB reduced its headline rate by 25 basis points to 1.5 per cent, making it an outlier among western central banks....
...Rival Citigroup, meanwhile, reported better than expected quarterly profits as the bank said it was on track to shed 7,000 jobs this year. Shares in Citigroup fell 1.7 per cent on Friday....
...The expectation of UK interest rates in December 2024 rose 0.26 percentage points in one day because US inflation was 0.1 percentage point higher than expected. Madness....
...This is an audio transcript of the Behind the Money podcast episode: ‘The Russian Banker, Part 1 — The Raid’ Michela Tindera Hey there, Behind the Money listeners. It’s your host, Michela Tindera....
...Why were he and the bank being targeted? This is the first episode of The Russian Banker, a new three-part series from the Financial Times....
...The worst-performing areas were the south west of England and East Anglia, where house prices fell by 1.7 per cent and 1.3 per cent....
...Markets initially shrugged off the central bank’s statement....
...The blue-chip FTSE 100 was up 1.1 per cent shortly before noon in London. The more domestically focused mid-cap FTSE 250 was up 0.7 per cent....
...The value of eurozone banks’ domestic government bond exposure, currently €1.5tn, slumped nearly 20 per cent in the two years to early 2023....
...Also on Tuesday, India’s rupee fell 0.1 per cent to a record low of 83.525 against the dollar, the Korean won dropped 0.8 per cent to 1,395, a 17-month low that forced a verbal intervention by the authorities...
...Following a 7-2 majority vote, the BoJ said it would guide the overnight interest rate to remain in a range of about zero to 0.1 per cent, making it the last central bank to end the use of negative rates...
...He also refrained from passing judgment on the BoE’s policy decisions, although UK politicians have castigated the central bank for allowing inflation to peak, at 11.1 per cent, higher than in either the...
...At less than 1 per cent of its market value annualised that is not much compared with the average of more than 4 per cent achieved already, or coming, from European and UK banks, according to Citi estimates...
International Edition