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...US asset managers Fidelity and Capital Group between them raised their stakes by more than SFr1.5bn and are now top-10 independent shareholders, according to data from S&P Capital IQ....
...acquired in its purchase of P&O....
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...S&P gave the new UBS AT1 a BB rating, five notches below its A- credit rating on the bank....
...According to analysis by rating agency S&P, Spanish and Italian lenders have also passed on a smaller portion of the benefits of higher rates — known as deposit beta — to depositors than other banks, including...
...Other guests include funk legend George Clinton, who turns up on “Get Lit”, a P-Funk tribute capped by a great flute solo....
...Trump’s surprise victory over Hillary Clinton in November 2016 led to a fleeting drop in S&P 500 futures before stocks proceeded to stage gains....
...NBIM, which was already a top-10 UBS shareholder, has overtaken US investors Dodge & Cox and BlackRock to become the largest investor, according to S&P Capital IQ....
...In 2016, the S&P 500 gained about 6 per cent in the six weeks following Trump’s win. Over his entire term, the S&P 500 gained 57 per cent, compared with 48 per cent so far under Biden....
...“They thought President Trump would be easy to beat in 2016 and then they got their clocks cleaned when he demolished Hillary Clinton....
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...Glittery drag queen Marsha P Johnson, Afro-Brazilian resistance fighter Zumbi dos Palmares and emperor Haile Selassie compete to hold court....
...“You are not going to lose too many votes by increasing taxes on banks,” said Giles Edwards, a banks analyst at S&P Global Ratings....
...Walker House....
...Chairman redux As anti-DEI sentiment sweeps corporate America, thousands of filings reveal that S&P 500 companies are changing to gender-neutral language at a slowing rate, Bloomberg reveals....
...“European banks do not exhibit a combination of large unrealised losses on securities portfolios and highly confidence-sensitive funding models,” S&P analyst Giles Edwards said in a recent report....
...“French banks have not enjoyed the same boost to revenues and immediate benefit from higher rates as their European peers,” S&P Global Ratings said in a report last month....
...Her timing was perfect: in 1994, the year after she graduated from Yale’s masters of fine art programme, President Bill Clinton lifted the US trade embargo on Vietnam....
...He saw Parliament’s George Clinton on stage in an “Afrofuturist rocket ship taking people between the past and the future”....
...Economic data: S&P Global publishes US services purchasing managers’ indices and we also get November jobless claims from private sector payroll services provider ADP....
...It was often said that when Bill Clinton walked into a room, each person thought he noticed them in particular. Clinton was the ultimate retail politician: he liked people and they knew it....
...The blue-chip S&P 500 fell 1.7 per cent, while the technology-heavy Nasdaq Composite fell 1.2 per cent....
...UBS recovered from a 14 per cent slump shortly after markets opened to close 1.3 per cent higher, though on Monday evening S&P cut the bank’s credit rating outlook to negative, citing “material execution...
...State Street’s S&P US regional banks exchange-traded fund lost 4.4 per cent after falling almost 8 per cent on Thursday....
...The drop in bank stocks helped drag the US blue-chip S&P 500 down 0.7 per cent, while the tech-heavy Nasdaq Composite finished flat....
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