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...for the bank ahead of a potential sale....
...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...
...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....
...“Taken together, the absence of news and the passage of time have brought a Bank Rate cut somewhat closer,” Pill said on Tuesday....
...The Bank of Japan is likely to hold off from raising interest rates next week but investors expect the central bank to outline its response to rising inflationary pressures caused by the yen’s decline....
...The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...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...
...Trade body UK Finance said the BoE had highlighted “a number of important issues” that banks needed to consider in terms of exposure to private equity....
...Microsoft has hired the co-founder of Google’s DeepMind, the Bank of Japan raised interest rates for the first time since 2007, and leading European and UK artificial intelligence start-ups have been lobbied...
...The bank reported a return on tangible equity — a key measure of bank profitability — of 12.3 per cent, down from 15 per cent last year but ahead of its target of more than 10 per cent for 2024....
...Deutsche Bank lost a subsequent trial in 2017 but lodged an appeal, resulting in an another series of lawsuits....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch sourced in market-based finance”....
...The Bank of England is facing growing Tory pressure for interest rate cuts ahead of its May rate-setting meeting, prompting warnings from economists that politicians should not impinge on the central bank...
...But the bank warned that inflation remains “elevated” for service prices, which rose at an annual rate of 6.1 per cent last month....
...Seven banks — out of 45 then operating in the country — have been granted presidential approval, including Mercedes-Benz Bank, Ikano, J&T and Intesa....
...Elsewhere on Thursday… — How to talk to a person like ChatGPT (Ars Technica) — Index fund investments in banks (Bank Reg Blog) — How European soccer made peace with fasting during Ramadan (New York Times...
...Bank of England’s forecasting methods, which will land soon....
...This is an audio transcript of the FT News Briefing podcast episode: ‘Bank of Japan ditches negative rates’Sonja HutsonGood morning from the Financial Times....
...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....
...“I would definitely be in favour of a rate cut in June,” German central bank boss Joachim Nagel said on Wednesday. “However, such a step would not necessarily be followed by a series of rate cuts.”...
...Violence flared in the occupied West Bank on Saturday as settlers torched cars and buildings in Palestinian villages after the killing of an Israeli teenager in what the Israeli military said was a “terrorist...
...Ben Bernanke was brutally honest about the failings of the Bank of England’s economic modelling when he published a long-awaited review of its forecasting processes on Friday....
...The Bank of England is widely expected to keep interest rates on hold....
...The Bank of England has fined the former chief executive of Wyelands Bank almost £120,000 for “multiple breaches” of regulatory rules in the run-up to the bank’s 2020 implosion....
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