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...To get the merger approved, Capital One is making a case that there is little overlap between the two banks’ credit card businesses....
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...The top three executives at some of China’s leading state-backed brokerages, including CSC Financial, Citic, China International Capital Corporation (CICC), Huatai Securities and Guotai Junan Securities,...
...China International Capital Corporation says south-east Asia has only seen the “tip of the iceberg” of Chinese companies wanting to explore opportunities in the region, as the state-backed investment bank...
...Brands in the mid-to-low price range have been most affected, according to Calista Muskitta, an analyst at Indonesian bank BCA Sekuritas....
...Fee revenue, as bank nerds will know, is generally more valuable than net interest revenue, which is capital intensive and risky....
...When the bill comes due, Capital One Financial will need to show it has the funds....
...The package of 22 recommendations, which will be submitted for discussion in the Swiss parliament, includes bolstering the powers of Finma, the financial regulator, as well as tightening capital requirements...
...of the 2008 financial crisis....
...US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies....
...In debt financing, default rates are a guiding metric for investors, measuring how often a financial obligation is unmet....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...Short-term funding markets have become more fragile largely because of a recent shift in the constitution of the financial system: the segregation of bank capital by jurisdiction....
...Capital One’s $35.3bn proposed takeover of Discover Financial Services would fuse two leading credit card lenders and give it control of a network that connects consumers, merchants and banks....
...Both were seeking to impose additional regulatory scrutiny whenever investors hold more than 10 per cent of a bank’s shares....
...These customers carry lower costs of capital than banks, making them a good home for many loans, Gray told the FT last May....
...There has been extensive debate about how much capital banks need....
...Bank of America analysts said the capital raise and new leadership should “provide breathing room” to the bank....
...Patrick McHenry, chair of the House financial services committee, said it was time for Gruenberg to step aside....
...And that’s a good thing for the banks because they’re now stronger, they free up capital....
...The venture capital arm of defunct US regional lender Silicon Valley Bank has been sold by its bankruptcy estate to Pinegrove Capital, an asset manager recently seeded by Sequoia Heritage and Brookfield...
...Chinese banks dominated financing for coal mining and coal-fired power in 2023, the RAN report found, while Canadian banks topped for tar sands oil....
...Some banks are stressed too: the New York Community Bank was recently forced into an emergency $1bn capital raise due to CRE losses, and this week the Klaros Group warned that more than 250 small banks out...
...UBS chair Colm Kelleher has said the bank is “seriously concerned” about proposed new Swiss financial rules that would significantly increase its capital requirements....
...McKernan told the Financial Times he wants to monitor compliance with those “passivity letters” by asset managers....
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