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...The Swiss executive, however, hit out at proposals from the Swiss finance department that would significantly increase the group’s capital requirements....
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...About 3,600 people work in the bank’s risk teams....
...The US banks’ figures are not included in the €800mn total as they do not report comparable Russian results on the group accounts used for the FT calculations....
...The bank achieved €2.8bn in profit in the first quarter on total income of €15.4bn, up 9 per cent from a year earlier and a record quarterly haul for the group....
...BoE regulator Rebecca Jackson said on Tuesday that lenders should routinely stress test their exposure, but “hardly any banks do it well”....
...Citigroup reported better than expected quarterly profits as the bank said it was on track to shed 7,000 jobs this year, a sign that the revamp of the US’s fourth-largest lender may be starting to pay off...
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...Germany’s largest lender said on Friday evening that it would book a provision of up to €1.3bn for a long-running lawsuit over the price it paid to buy out Postbank’s minority shareholders in 2010....
...Spain-based bank Sabadell has rejected a €12bn takeover approach from its larger rival BBVA, saying the proposed deal “significantly undervalues” its standalone growth prospects and potential....
...Shares in Japan’s largest lender, Mitsubishi UFJ Financial Group, are already up more than 80 per cent in the past year. Peers have also risen sharply....
...The lender was rescued by bondholders in 2017 and returned to profit in 2021.Co-op Bank has been involved in several failed transactions in recent years....
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch sourced in market-based finance”....
...The lender had previously planned to distribute up to 90 per cent....
...Days later, the group voted against Quinn’s re-election at the bank’s annual general meeting, according to people familiar with the situation....
...The lender has come under scrutiny within Switzerland following its rescue of Credit Suisse, especially over the size of the combined group’s balance sheet — roughly twice the country’s gross domestic product...
...“Returning NatWest Group to private ownership is a shared ambition and we believe it is in the best interests of both the bank and all our shareholders.”...
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...“Global inflation remains undefeated,” said Indermit Gill, the World Bank Group’s chief economist and senior vice-president....
...The employment ratio for south Asia was 59 per cent last year, the bank said, compared with 70 per cent in other emerging markets....
...But investors aren’t the only ones who have taken a shine to these lenders; so have other bank executives....
...The MPs backed closing and replacing the Business Banking Resolution Service, a bank-led scheme that aims to solve disputes between SMEs and lenders....
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