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...He was kind of right about Nato, kind of right on immigration. He grew the economy quite well. Trade tax reform worked. He was right about some of China,” Dimon said....
..., a new symbol in New York City and Manhattan skyline....
...The City veteran held many other notable roles in his decades-long career....
...Franklin Templeton was incentivised to realise the assets and reduce the discount by earning a fee of 1.75 per cent on returns of capital....
...Marc FilippinoJosh Franklin is the FT’s US banking editor. Thanks, Josh. Joshua FranklinThanks, Marc....
...With about 40 per cent of its assets in fixed-income funds, Franklin could benefit from the peak-rates wave of money coming back into bonds....
...At the same time, he sought to present an optimistic vision of UK growth as he set out a series of measures to “turbo-charge” the economy....
...year-on-year growth in the final three months of 2023....
...Halfords: Shares in the UK bike and car parts seller dropped 24 per cent after it issued a profit warning on the back of “challenging” market conditions....
...Bank of Ireland: Shares in the country’s biggest lender dropped 11.6 per cent after it reported results that missed analyst forecasts....
...Abrdn: Shares in the UK asset manager rose 5 per cent after it posted a pre-tax loss of £6mn for 2023, down from a loss of £612mn in 2022....
...The company’s new chief executive pledged to review every element of the business after annual net inflows almost halved last year....
...Events: First day of meteorological spring....
...Attention will focus on the impact of geopolitical uncertainty on Air France-KLM and IAG....
...He was also a patron of the arts, serving as chair of trustees of the National Gallery between 1985 and 1991....
...Basel, an industrial city on the upper reaches of the Rhine, has become synonymous with global banking regulation....
...Joshua Franklin So it’s interesting, all the banks, you know, these are the four biggest banks in the US in terms of the number of deposits that they have....
...UK bike and car parts seller Halfords has issued a profit warning on the back of “challenging” market conditions....
...“Labour regrets that we couldn’t stand a candidate in this by-election and we apologise to the people of Rochdale for that,” Ellie Reeves, the party’s deputy campaign co-ordinator, told Sky News on Friday...
...The head of banking job had been one of the industry’s highest-profile vacancies, with intense speculation over who would fill it....
...Cangemi will stay on as a member of NYCB’s board of directors. NYCB said one member of its board, Hanif Dahya, had resigned because he did not support DiNello’s appointment as chief executive....
...Shares in Halfords plunged almost 30 per cent on Wednesday after the UK bicycle and car parts retailer issued its second profit warning in two years because of bad weather and the rising cost of living....
...of Evercore’s....
...GXO said its offer gave Wincanton an enterprise value of £764mn, reflecting the UK company’s low level of debt as assessed under GXO’s US accounting standards....
...The bottom lines at Comerica, based in Dallas, Texas, Zions Bank, based in Salt Lake City, Utah, and PNC in Pittsburgh, Pennsylvania, fell roughly 90 per cent, 55 per cent and 40 per cent, respectively....
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