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...This year, the bank would focus on commercialising and monetising relationships it has built in the region, Ng added....
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...The prime minister’s office said public officials have been engaging with various groups, including banks and finance institutions, for decades....
...Lievens was joining several other members of Goldman’s financial institutions group who have moved to Paris, while a skeleton staff remains in London to serve UK and Middle Eastern banks, the people familiar...
...Prosecutors are probing whether Benko and Signa misled the bank regarding the company’s financial health. The loan was collateralised with shares in Signa Group entities....
...Billionaire entrepreneur Mike Ashley claimed that “nothing” would satisfy Morgan Stanley as it made “horrific” demands to cover a trading position held by his UK retail group Frasers....
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...More than 16,000 staff left the combined group in 2023, with tens of thousands more jobs expected to go in the coming years as the bank focuses on hitting cost-reduction targets....
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...Carlyle Group has hired Jeff Currie, the former Goldman Sachs global head of commodities research who predicted a mid-2000s boom in oil prices, to help the US private capital group invest behind big trends...
...Now, after what chief executive Colin Hunt calls the bank’s “transform, repair, restore” strategy, the books are cleaned up as Irish banks have laid to rest the shadow of their meltdown a decade and a half...
...Jefferies chief executive Rich Handler has sold $65mn of his stock in the Wall Street investment bank to buy a luxury yacht from longtime client Tilman Fertitta....
...Hannes Leitner, an analyst at Jefferies, said the move would not make “any material change” to Worldline’s “current issues” given that the payments group already has a bank-led shareholder base....
...“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,” he said....
...Banks provide financing for deals as well as arrange loan and bond offerings for portfolio companies owned by private equity groups to refinance debt, which generate lucrative fee streams....
...Other western banks, including Citigroup, Italy’s UniCredit and Austria’s Raiffeisen Bank International, are still operating in Russia....
...“Global inflation remains undefeated,” said Indermit Gill, the World Bank Group’s chief economist and senior vice-president....
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...exchange rates handed out by the country’s former central bank chief....
...The region-wide Stoxx Europe 600 added 1.1 per cent — led higher by strong performance from technology groups and healthcare stocks....
...No such plan existed for Deutsche Bank, which is rather too large for most other banks to digest in a hurry....
...Industry groups argue tougher regulation could raise compliance costs and lower demand and liquidity for bank stocks if the new rules make it harder for investors to take large stakes....
...Its asset management unit, DWS Group, which is separately listed on the Frankfurt stock exchange, reported inflows that drove assets under management to a record high of €941bn as investors flocked to low-margin...
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