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...Goldman has seen a spate of high-profile women leave, including Beth Hammack, who was once touted as a potential chief financial officer of the bank; Dina Powell McCormick, who left to join merchant bank...
...Japan’s sovereign development bank is investing in UK life sciences for the first time with funding for 4Bio Capital, a UK venture fund that backs advanced treatments such as cell and gene therapies....
...Société Générale is set to launch its own stablecoin on a cryptocurrency exchange, becoming the first big bank to offer digital tokens tracking the price of hard currencies to a wide range of investors....
...“That is a process that takes time, but is also expensive,” says Stefan Slowinski, a software analyst at bank BNP Paribas....
...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...
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...Of this, Visa or Mastercard, which operate the networks that connect cardholders with banks and merchants, collect perhaps 20 cents....
...The most eagerly awaited data point in a light week for economic announcements will be the US first-quarter growth figures on Thursday....
...The bank said it expected the deal’s impact on its common equity tier one capital ratio to be fewer than 10 basis points....
...The 146-year-old City merchant bank last month suspended its dividend because of uncertainty about the impact of the review, and said it would decide whether to reinstate it in 2025 “once the FCA has concluded...
...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...
...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....
...bank BDT & MSD Partners....
...But some of these banks are still being forced by regulators to reduce their exposure to Ant and other online platforms, two of the banks’ managers said....
...But Magnati believes the data it collects on merchants will make banks more willing to lend to them....
...China Merchant Bank, one of the leading commercial banks in China, reported its first revenue drop since 2009 due to the central bank’s cuts in loan prime rate and weak credit demand....
...Corporate results: China Merchants Bank, PetroChina and China Resources Land report 2023 earnings....
...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....
...ING is perhaps best known outside of the Netherlands for buying the failed British merchant bank Barings in 1995. Not much of interest has happened since....
...China Merchant’s Bank rose 5.2 per cent after announcing a better-than expected dividend on Monday. Baidu led gains among technology names as it added 3.9 per cent....
...Archer Daniels Midland, the global agricultural commodities merchant, overstated historical profits at its fast-growing nutrition business by up to 10 per cent, it said on Tuesday, setting out for the first...
...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...
...But Square no longer has first-mover advantage. Payment processing has become a commodity....
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