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...The bank also said it would be hit by new banking levies in Belgium, where it owns Fortis....
...Over the same period, post-crisis regulation and a decline in oil prices from their 2008 peak knocked the banks and energy groups that form a large part of European bourses....
...The French bank has also backed Drahi’s personal vehicles, acting as the sole lender for his deals to take private Sotheby’s in 2019 and Altice Europe in 2021....
...The Paris-based lender has expanded through purchases in the past, including a €9bn swoop on Italy’s BNL in 2006, and a €14.5bn deal for Fortis’ businesses in Belgium and Luxembourg in 2009....
...Bank of America, BNP Paribas Fortis, Deutsche Bank, JPMorgan Chase, Mizuho, Société Générale and Bank of Tokyo-Mitsubishi UFJ were among the banks that previously agreed to underwrite the facility....
...Just 9 per cent have any exposure to the London-listed bank, down from a peak of 40 per cent in 2013....
...Deals for Belgium’s Fortis Bank and Rabobank’s Polish unit helped the business spread across Europe. However, its transatlantic ambitions were halted in 2014....
...The bank said net income increased 22.4 per cent to €1.92bn in the first three months, on revenues that rose 3.2 per cent to €11.14bn....
...Mr Orcel was one of the architects of the disastrous €72bn tripartite buyout of ABN Amro in 2007, advising the buyers Santander, Fortis and Royal Bank of Scotland....
...Mr Orcel’s most notable deal was the three-way purchase of ABN Amro by RBS, Fortis and Santander. The Spanish bank, which Mr Orcel was advising, ended up as the big winner from the deal....
...In 2007, for example, as RBS and Fortis set about carving up ABN Amro, the Italian managed to pluck out the best bit for Santander — ABN’s Brazilian business — and then flip the Italian arm for an instant...
...Royal Bank of Scotland, Fortis and Santander teamed up in 2007 to acquire ABN and break it up in an ill-judged €71bn takeover shortly before the financial crisis struck — the biggest ever for a bank — leaving...
...cash flow available for dividends: Then there are payout ratios, the proportion of earnings distributed as dividends: Payout ratios have quickly retreated from historically high levels as commodity & bank...
...The bank still sells NN products to its Dutch and Belgian customers....
...For the banks, the figure is $76bn. Turkish banks said in late July that they still had access to funding through loan syndications and the big banks have limited amounts of loans maturing this year....
...Lawyers are helping to drive the bank’s use of blockchain technologies and have created an artificial intelligence tool that has received funding so that it can be developed for use across the bank....
...There were 30 banks ranked as “GSIBs” — global systemically important banks — by the FSB last November, including JPMorgan Chase, the biggest US bank by assets....
...The lender’s Dutch business was bought by Fortis before the combined business was itself rescued by the Dutch government. ABN has done a lot better than RBS since returning to the market in 2015....
...Royal Bank of Scotland, Fortis and Santander teamed up in 2007 to acquire ABN and break it up in an ill-judged €71bn hostile takeover bid shortly before the financial crisis struck — the biggest ever for...
...Royal Bank of Canada, Toronto Dominion Bank and JPMorgan Chase were the three leading banks for financing extreme fossil fuels last year, according a report produced by a group of environmental pressure...
Non-profit warns over reputational damage and access to capital
...Customers are advised that the Bridge between Clearstream Banking SA and Euroclear Bank SA/NV will be closed thereafter....
...JPMorgan Chase and Citibank followed the two investment banks in third and fourth position in the rankings, respectively....
...Gemalto has appointed Deutsche Bank and J.P. Morgan as financial advisers. Atos is advised by Rothschild and BNP Paribas....
...Bank of China’s Paris branch priced a triple-currency “climate bond” worth $1.5bn on Thursday, the bank’s third green bond issued to international markets over the last 18 months....
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