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...and North Korea....
...The FTC declined to comment on the chamber’s move....
...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...
...Fed: The US Federal Reserve will release its latest “Beige Book”, an anecdotal assessment of economic conditions gathered by each central bank branch....
...Bank of America cut the compensation of its top executive Brian Moyniahn by 3 per cent, or $1mn to $29mn in 2023, a year when the company’s bottom line shrunk and its stock lagged rivals....
...Bank of America has shoved back its call for the first Fed cut from June all the way out to December — a huge jump for a tweak that typically moves in increments of one or two months at a time and that opens...
...Bank of Canada: Economists expect Canada’s central bank to hold interest rates for the sixth straight meeting, but observers will listen for guidance on a highly anticipated rate cut in June or July....
...Impeachment vote: The US House of Representatives, the lower chamber of Congress, could vote to launch a formal impeachment inquiry into US president Joe Biden as soon as today, after Kevin McCarthy, the...
...Bank of America has sent “letters of education” to employees who have not been showing up at the office, warning them of disciplinary action, in the latest move from a large company to push staff back to...
...Fed Beige Book: The Federal Reserve will release its report on the current economic conditions of its 12 central bank districts....
...Based on the price of these options, strategists at Bank of America say markets are now pricing in a more than 10 per cent chance of such a scenario within the next six months....
...US new home sales: Economists have forecast that sales of new homes in the US increased in March to an annualised pace of 670,000 units, up from 662,000 in February....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...rate risk of bank assets”....
...The company is expected to report a loss of $1.21 a share, compared with a loss of 69 cents a year ago....
...Fedspeak: Federal Reserve governor Michelle Bowman will deliver a virtual speech at a workshop on the future of banking hosted by the central bank’s Kansas City branch....
...Goldman Sachs: The investment bank is scheduled to release first-quarter earnings before the bell, following mixed results from other large lenders last week....
...races, allowing Biden’s party to maintain control in the upper chamber of Congress....
...Fedspeak: Atlanta Fed president Raphael Bostic will deliver remarks at the Prosperity Partnership of Fort Lauderdale....
...The company warned in the previous quarter of a slowdown in North America in both food and beverages that continued into this year, which was partly affected by the recall of some Quaker Foods products....
...Third-quarter profits at Bank of America beat expectations, but growth lagged rivals because the bank still has hundreds of billions of dollars of low yielding bonds that it bought during the pandemic....
...Mexico’s biggest companies have broadly prospered though, with the country’s banks reporting record profits thanks to strong consumer demand and high interest rates....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...Federal Reserve: The US central bank is expected to hold interest rates as it concludes its two-day policy meeting, but investors will be focused on the so-called “dot plot”, which will show whether officials...
...Bank of Canada: The country’s central bank announces its monetary policy decision, but is widely expected to keep interest rates on hold at a 23-year high of 5 per cent....
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