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...Quarterly results for the Frankfurt-listed company, in which Deutsche Bank holds an 80 per cent stake, last month showed for the first time how it included so-called advisory mandates in its overall assets...
...The index, which tracks the proportion of lenders reporting an increase in demand for home loans versus those reporting a decrease, rose to 35.9 in the first quarter, according to the Bank of England’s quarterly...
...“We first saw a lot of government-related entities, that was to deepen the stock market and get more flow,” said Monika Malik, chief economist at Abu Dhabi Commercial Bank....
...Trading and investment banking helped lift Deutsche Bank to its highest quarterly profits in 11 years in the first three months of 2024, as global dealmaking started to pick up after a two-year long slump...
...What many don’t realise is that, legally, all money held in a joint bank account is owned by anyone named as an account holder....
...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 of Mexico on Thursday cut interest rates for the first time in this cycle, making it the latest major Latin American central bank to begin lowering borrowing costs....
...The most eagerly awaited data point in a light week for economic announcements will be the US first-quarter growth figures on Thursday....
...The wealth management division has been a cornerstone of the bank’s strategy over the past 15 years to diversify away from investment banking and trading, but the unit’s performance has struggled of late...
...The largest US banks lent billions of dollars less in the first quarter, in a sign that corporate borrowers are paying down debt as interest rates hover at historically high levels....
...“Every single successful IPO has involved some level of cornerstone investors,” he said. “There is a very strong equity sentiment from rock solid investors.”...
...UBS said it expected the division to return to profit in the first quarter....
...Lending by US banks dropped by $36bn in the first three months of the year compared to the end of 2023, the biggest quarterly drop in more than three years....
...For some venture capitalists, the flight to safety post-SVB will remain the cornerstone of the market, despite big banks’ flaws....
...Nigeria’s central bank sharply raised interest rates to 22.75 per cent at its first meeting since July as Africa’s most populous country hopes to contain its most severe economic crisis in almost three decades...
...Ng added that IPOs might still attract anchor investors but not cornerstone investors, showing the market was “not comfortable locking their capital in new Hong Kong listings”....
...The central bank said recent train and airport strikes could hit production in the first quarter, while order books for industry and construction were “dwindling”....
...Regional US lender New York Community Bancorp revealed it had taken large losses on loans tied to commercial property recently, while Japan’s Aozora Bank and Deutsche Bank warned about the risks from their...
...India’s diplomatic and military independence is a cornerstone of its foreign policy, but a tilt towards the west has been long in coming....
...The most popular response for the timing of the first cut was split between July and September....
...But the central bank, which holds its first rate-setting meeting of the year on Wednesday, has kept its policy rate at a decade-high of 2.5 per cent, anticipating a pick-up of tourism and spending this year...
...Share prices have soared this year — and first-quarter results have offered little to dissuade those won over to banks’ appeal....
...The exclusivity had been a “relevant factor” in the company’s decision to spend $1.3bn on the construction of its first phase, it said....
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