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...But among the European banks still operating in Russia and disclosing staff numbers, Raiffeisen is the only one that has increased local headcount over the same period — by 6.6 per cent to 9,942 employees...
...Banks are expecting the UK to ramp up its borrowing plans in the new financial year as chancellor Jeremy Hunt prepares to announce tax cuts while Britain faces a surge in the number of existing gilts in...
...It compared with a rise of 9 per cent in the 12 months to February....
...That is well above its required minimum of 11.9 per cent. An unexpected move last month to raise its dividend suggests JPMorgan is keen to return money to shareholders....
...The data showed the impact of more expensive mortgage deals on the property market, even though rates on offer have edged down in anticipation of rate cuts by the Bank of England later this year....
...Among the European banks still operating in Russia, Raiffeisen is the only one that has increased local headcount — by 6.6 per cent to 9,942 employees as of December....
...After Thursday’s announcement, sterling fell against the dollar to trade down 0.9 per cent on the day at $1.267....
...Inflation in January was cooler than expected, with the consumer price index coming in at 2.9 per cent annually, while core measures closely watched by the Bank of Canada fell to 3.3 and 3.4 per cent....
...Hungary’s forint today touched its lowest point against the euro since October after the country’s central bank lowered interest rates by 1 percentage point to 9 per cent....
...Eurozone inflation rose to 2.9 per cent in December, reversing six months of decelerating price growth and raising questions over how soon the European Central Bank will start cutting interest rates....
...The bank’s overall bonus pool dropped 6.1 per cent to €2bn, the lowest level since 2020 after revenue at the investment bank declined 9 per cent year on year in 2023....
...Even US laggards such as Citi get a higher rating at 9 times and 0.6 times tangible book....
...Its bad loans from residential mortgages have already risen 9.6 per cent to Rmb27.8bn ($3.8bn). Defaults by Chinese developers have exceeded $110bn over the past three years....
...The price of the 9 per cent stake in Alpha Bank was not disclosed, but based on Friday’s closing price analysts said it was worth about €270mn....
...International growth could involve Greece’s Alpha bank, which UniCredit took a 9 per cent stake in at the end of last year. Even bolder would be a deal with Commerzbank....
...Founded in 2019, the UN-backed NZAOA has 89 members in 19 countries — largely pension funds and insurers — with an aggregate $9.5tn assets under management....
...The figure was down from an increase of 4.9 per cent forecast in February and the lowest since the question was first asked in spring 2022....
...The MPC next sets rates on May 9....
...Declines in European equity markets were led by banks, miners, and energy groups, which are over-represented in the commodity-heavy FTSE 100....
...UK inflation slowed more sharply than expected in November to 3.9 per cent, down from 4.6 per cent the previous month, according to figures that will intensify pressure on the Bank of England to start cutting...
...Everbright, an important midsized bank in China, reported a 9 per cent decline in annual net profit to Rmb40.8bn ($5.6bn), widely missing analyst expectations....
...to the Bank of England’s quarterly survey of banks and building societies....
...maximum payout is €9.75mn....
...The “effective” interest rate — the actual interest rate paid — on newly drawn mortgages fell 0.29 percentage points to 4.9 per cent in February, according to the central bank....
...Consumer price inflation in the UK rose to 4 per cent in December from 3.9 per cent the month before, but that left the rate far below the levels exceeding 10 per cent that it reached a year earlier....
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