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...BNP still has more than half of a €7.6bn windfall from the disposal of Bank of the West, the US retail bank it sold to Bank of Montreal in 2021....
...for the bank ahead of a potential sale....
...Montreal is an island in the middle of a river that’s brackish and almost ocean-like. The city is impressive and different, largely because of the English and French culture blend....
...Bank of Montreal made a big splash when it acquired BNP Paribas’ US unit Bank of the West for $16.3bn in December 2021....
...Profits at the Big Six — which include Scotiabank, Toronto-Dominion Bank and Bank of Montreal — are expected to shrink this year as bad debt provisions rise and loan growth slows....
...He will be replaced by Andrew Irvine, a former Bank of Montreal executive. McEwan returned RBS to profit before moving to Australia to lead NAB four years ago....
...2014 Montreal Carbon Pledge, a global initiative encouraging investment management firms to monitor and reduce the carbon emissions associated with their investment portfolios....
...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....
...Ben Bernanke was brutally honest about the failings of the Bank of England’s economic modelling when he published a long-awaited review of its forecasting processes on Friday....
...Violence flared in the occupied West Bank on Saturday as settlers torched cars and buildings in Palestinian villages after the killing of an Israeli teenager in what the Israeli military said was a “terrorist...
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...In light of the Bernanke review of the economic forecasting methods that support monetary policy at the Bank of England, there would appear to be a strong case for a parallel independent review of the analytical...
...Microsoft has hired the co-founder of Google’s DeepMind, the Bank of Japan raised interest rates for the first time since 2007, and leading European and UK artificial intelligence start-ups have been lobbied...
...Yiddish is one of those languages with a lot of nuance....
...survey of banks and building societies....
...The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...The Bank of England is widely expected to keep interest rates on hold....
...The Bank of Japan has ended an era of negative interest rates, raising borrowing costs for the first time since 2007 in a historic shift as the country puts decades of deflation behind it....
...Bank of Montreal, Canadian Imperial Bank of Commerce and Toronto-Dominion Bank already have $128bn worth of variable-rate mortgages that are in “negative amortisation”....
...But the bank warned that inflation remains “elevated” for service prices, which rose at an annual rate of 6.1 per cent last month....
...This is an audio transcript of the FT News Briefing podcast episode: ‘Bank of Japan ditches negative rates’Sonja HutsonGood morning from the Financial Times....
...Bank of England’s forecasting methods, which will land soon....
...Few central banks have emerged from the past three years of inflation fighting with the same credibility they had before. The Bank of England has had a particularly hard time....
...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 Bank of England needs to urgently overhaul its outdated IT systems, revamp its main economic model and transform the way it communicates policy decisions to avoid a repeat of its recent failure to forecast...
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