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...Private sector holders swapped 17 per cent of their titles....
...of America Securities....
...While 17 per cent is not a relatively huge unbanked level by some tallies, the level of account inactivity is higher at 23 per cent. “Even if people have bank accounts, they choose not to use them....
...They added that a common currency is not on the agenda, despite growing resentment of the US dollar’s dominance among members....
...Partners Capital has promoted Rich Scarinci to head of North America. He joined from Blackstone Alternative Asset Management in 2016....
...The central bank began switching to renminbi even before the full-scale invasion of Ukraine, increasing its share from 13 per cent to more than 17 per cent of its currency reserves in the year to January...
...UK films make up a declining share of the international box office: only 17 per cent in 2022, down from 29 per cent in 2019, according to data from the British Film Institute....
...of America....
...Ecopetrol, by far Colombia’s biggest oil producer and the fourth-largest oil company in Latin America, claims to account for 30 per cent of exports — a vital source of foreign currency entering the country...
...Bank of America published this half-serious chart last month (h/t Brent Donnelly): The whole sector is wobbling. Kraken, a major exchange, laid off 30 per cent of staff on Wednesday....
...“The World Bank,” it reads “may, in its sole discretion, demand payment from Argentina immediately, or over a period of time, on terms to be determined by the World Bank.”...
...But the letter, seen by the Financial Times, said Animoca’s disclosures and crypto investments had violated no fewer than 17 of ASX’s listing rules....
...She offered severance for both him and Gilbert if they gave back control of the bank accounts and walked away. Which sounded good to him. Four days later, the parallel universe board met over Zoom....
...“As long as we’re depreciating in line with other emerging markets currencies the [Reserve Bank of India] should be OK with it,” said Jayesh Mehta, country treasurer for India at Bank of America....
...By maintaining undervalued currencies for much of the past 30 years or so to support export-led growth, Beijing and other Asian capitals racked up large current account surpluses and created an astonishing...
...One scoop to start: A group of Wall Street banks stuck holding debt tied to the $16.5bn takeover of software maker Citrix on Monday offloaded $750mn of the loans clogging up their balance sheets, according...
...He also hailed the strength of the company’s international operations outside China, where revenues grew 50 per cent before currency effects....
...A net 17 per cent of fund managers said in November that they intended to “overweight” French equities over the next 12 months, according to a Bank of America survey of 161 investment managers with combined...
...A pair of academics — Luciano Somoza and Antoine Didisheim of the University of Lausanne — analysed data from a random sample of customers of Swissquote, one of the few regulated banks that also offers crypto-trading...
...The amount Masa owes SoftBank in relation to the mess, once cash he has already deposited and currency effects are taken into account, stands at around $1.6bn....
...Jamie Fiore Higgins worked at the bank for 17 years and left in 2016 but her book has lessons for any powerful organisation. Three ideas stand out, writes Pilita Clark. Summer is over....
...Thanks for reading FirstFT Americas. Here’s the rest of the day’s news — Gordon Five more stories in the news 1....
...Ex-energy, real second-quarter sales growth for the S&P came in under 1 per cent, according to Bank of America. That said, earnings do not appear set to fall off a cliff....
...In fragile countries where many don’t have access to a bank account or a stable currency, people could simply stop using the national currency and turn to private currencies instead....
...The FT is also proud to host its Future of Finance event, live-streamed from the heart of Europe’s leading tech festival, The Next Web (TNW) taking place June 16 - 17....
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