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...The bank underwrote $101bn of fossil fuel deals in 2021 and 2022, and $71bn of low-carbon deals, according to data from BloombergNEF....
...Letter in response to this article: One ‘unknown unknown’ banks should know about / From Trevor Wood, Partner, Vedder Price, London EC2, UK...
...Jin added that the aim of the transition would be to maintain the bank’s multilateral spirit, which he said was “patterned on the Bretton Woods institutions”....
...The Bank of England’s financial stability committee met today, and the subsequent report indicates that it remains antsy about the engorged size of Treasury basis trades....
...Trevor Wood Partner, Vedder Price, London EC2, UK...
...Lucy Wood, a former senior curator of furniture at the V&A, has recently overseen a project to restore two chairs designed by the 18th-century architect William Kent....
...It’s now at 4 per cent, and European Central Bank president Christine Lagarde suggested that the bank would hold rates steady until the summer....
...A top IMF official has warned that central banks need to move cautiously on cutting rates this year, BP has appointed interim boss Murray Auchincloss as its permanent chief executive, and Rishi Sunak quelled...
...In February, the Bank of England forecast economic growth to remain stagnant at about 0.1 per cent in each quarter of 2024....
...Shot at the historical headquarters of Lombard Odier Bank in Geneva, Switzerland. Special thanks to Cristina Benito...
...Sam Woods, chief executive of the PRA said: “The serious failings in this case go to the heart of the PRA’s safety and soundness objective.” HSBC did not immediately respond to a request for comment....
...The US companies now go head-to-head with big European players such as Amundi, DWS, an asset manager majority owned by Deutsche Bank, and UBS in their own backyard....
...In reality, “a lot of them ended up at the V&A”....
...But the report’s flaws — its opacity, its open-endedness, the wood lost for the trees — will also limit the damage it could have done. This was no Ten Years to Save the Bank’s Forecasting....
...Take a break from the news V-necks have been verboten for as long as most of us can remember, writes Teo van den Broeke....
...Do not bank on a fairytale ending for PBB. andrew.whiffin@ft.com...
...Just last week, Enviva, once one of the world’s largest wood pellet producers, filed for bankruptcy in the US (wood pellets are marketed as a low-carbon alternative to fossil fuels)....
...bank was slow to recognise....
...US regional banks are not out of the woods yet....
...“The year ended on a whimper,” Keefe, Bruyette & Woods analysts wrote in a note to clients, adding that the bank’s operational performance had been “poor”....
...From there, Johnsen narrowed the list down to four fragrances, with two last-minute submissions coming from Epinette (Lesedi La Rona III and V)....
...The Polycrisis) — SBF is going to talk himself right into jail (The Verge) — On the front lines of the water wars (Harper’s) — Zombie International Currency: The Pound Sterling 1945-1971 (Maylis Avaro v...
...and Serbia 200th day of the Hamas-Israel conflict after Hamas launched an attack on Israel on October 7 last year UK: 100th anniversary of both the first radio broadcast by a British monarch, George V...
...Birla’s return to the company’s board and equity funding, banks too will probably lend money”, he added....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
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