Hints and tips:
...The report came hot on the heels of another spoofing decision in the same New York courthouse, in a civil case brought by Bermudian hedge fund Harrington against Bank of America Merrill Lynch, CIBC and TD...
...More broadly, “from a macro perspective it’s hard to argue that there won’t be any volatility this year,” which central banks may be unable to help out with, unlike in the days of quantitative easing....
...However, the executive said the move would reduce choice for investors, given that many French banks prioritise ISR products, and questioned if that would meet customers’ needs....
...Jerry Rizzieri, head of Mizuho Securities USA, told the Financial Times the acquisition would contribute to Mizuho’s goal “to be solidly inside the top 10 corporate investment banks within three years”,...
...“Citi has a number of very good businesses,” said Noor Menai, who spent more than a decade as an emerging markets banker at Citi and is now the chief executive of CTBC Bank USA....
...Altice USA’s chair Alexandre Fonseca has also stepped back....
...Among the early adopters are IBM, Danone USA and Pirelli Tire North America....
...The MSCI ACWI returned 8.48 per cent annualised in the 10 years to the end of 2023, while the MSCI USA index returned 11.98 per cent....
...BofA — which agreed to pay the SEC and the CFTC a total $225mn, the biggest fine of all the banks — did not admit or deny these allegations....
...Standard Chartered has hired Asia credit traders Chirag Srivastava and Wilfred Lee from Deutsche Bank and Mizuho, respectively, according to Bloomberg....
...“Meeting a margin call in fiat currency requires banks to be open, notwithstanding that the market is open 24/7,” the FIA said. “This is not the world we live in today.”...
...It ended up using Goldman to trade similar stocks as it had with other banks....
...Also on Wednesday, Deutsche Bank became the first big bank to predict a recession....
...BlackRock’s ESG Aware MSCI USA ETF, alone, has $24bn of assets under management, Morningstar reports....
...Analysts expect the European Central Bank to announce a slowdown of its bond purchases at its meeting on Thursday because of the brightening economic outlook....
...been trying to encourage services such as those offered by Tink as a way to encourage more competition and choice in the European payments market, and in 2018 introduced “open banking” rules that forced banks...
...The company said this week it had entered into a $14.7bn term loan credit agreement with Bank of America to help fund its spectrum purchases....
...Drahi’s BidFair USA owns 94 per cent of Sotheby’s....
...The combined PNC-BBVA USA will be the fifth-largest retail bank in the US behind JPMorgan Chase, Bank of America, Wells Fargo and Citigroup, which each have assets of at least $2tn....
...The executive made the remarks in a joint interview with Nobuyuki Hirano, the chairman of the board of directors at MUFG, the Japanese bank, at the US Chamber of Commerce as they presided over a gathering...
...Post the financial crisis, international investors have routinely sought yield enhancement from assets Made in the USA. Japan Inc’s banks and insurers are relevant examples....
...This is evident in a scathing critique in USA Today, written by Tariq Fancy, a former head of sustainable investing at BlackRock....
...But Khosrowshahi initially took a different path, becoming an analyst at investment bank Allen & Company in 1991, before joining billionaire media magnate Barry Diller’s USA Networks....
...Inc — in other words offering a dire signal on the outlook”....
...Mr Burke, 57, chief executive of HSBC USA since 2014, will retire in October and be replaced by an outsider, Michael Roberts, who previously led Citigroup’s global corporate bank....
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