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...The FSB’s review said such state-backed guarantees, known as GACS, as well as an overhaul of restructuring and enforcement procedures, “successfully” helped banks slash NPLs from a 2015 peak to €63bn in...
...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...
...Khavana is charged with sending $51.80 from her US bank account to Razom for Ukraine, a New York-based non-profit group, on the day President Vladimir Putin ordered the full-scale invasion of Russia’s neighbour...
...Banks frequently require personal guarantees from directors of small businesses to ensure repayment....
...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....
...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...
...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....
...Banks are demanding interest of over 11 per cent from almost one-third of would-be borrowers, says the FSB....
...intelligence (GRU) and domestic intelligence (FSB) on European soil over a period of at least five years from 2017....
...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....
...“The problem is how it is transmitted into the banks . . . We are at the very early stages but [understanding that] is at the core of what the ESRB and FSB would like to get to.”...
...Antoine GaraWell, what happened was a lot of the people who were inside the banks or adjacent to the banks, they wound up building their own firms....
...The FSB called on the FCA to review the extent of banks’ practice of requiring the guarantees and to consider asking ministers to expand the regulator’s remit so that it can cover personal guarantees of...
...Gershkovich was detained by Russia’s FSB in March 2023 while he was on a reporting assignment in the city of Ekaterinburg....
...The FSB even mandates that at least 33 per cent of a global systemically important bank’s TLAC should be in debt!...
...The FSB also removed from the list the Swiss lender Credit Suisse, which was taken over this year by rival UBS, and added China’s Bank of Communications....
...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....
...The FSB has already begun work on leverage in non-banks and on Wednesday said the area would be a “key area of policy focus in 2024”....
...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....
...In December, the FSB filed a complaint to the FCA claiming that banks were unfairly demanding that directors of its members give personal guarantees for business loans....
...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...
...to the Bank of England....
...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”....
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