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...In 2022, the figure was $5.3bn, representing under 12 per cent of revenue....
...Santander initially fell as much as 5.6 per cent and Lloyds 2.9 per cent after the FT report....
...The €5bn of outstanding Signa Holding debt detailed in the company’s insolvency filing include €1.3bn owed to other Signa Group entities....
...The deal would value United’s equity at roughly $5.4bn....
...While the CSSF’s budget topped £1.26bn in 2020-21, it fell to £859mn in 2021-22 after then prime minister Boris Johnson’s government slashed the aid budget from 0.7 per cent of gross national income to 0.5...
...The fraudulently obtained money included some funds allocated by Simest, an Italian government-owned entity that was set up to help small businesses grow....
...Sales at BMS in the three months to the end of March stood at $11.9bn, up 5 per cent from the same period last year....
...The claims lodged include €713mn from the UAE’s Mubadala and €279mn from Qatar’s AM1, and €1.6bn that other Signa group entities said was transferred to the central holding company in the run-up to its collapse...
...Upon the completion of the Italian and Spanish sales, Vodafone will have reduced leverage, from about 2.5 times 2024 ebitda to about 1.8 times the ebitda of its remaining units....
...Grayscale has priced its ETF fees at 1.5 per cent, in contrast to rivals such as BlackRock, Fidelity, Ark Investment and Bitwise, which have slashed or temporarily waived fees to attract new customers....
...Signa Holding was the ultimate parent company in a web of more than 1,000 corporate entities, which together are estimated by analysts to owe in excess of €13bn to creditors....
...RBI was offering investors a 8.5 per cent yield on the deal, which was due to mature in December 2029 and earmarked to repay an existing AT1 bond....
...Taxes worth more than $50mn were avoided in 1,637 accounts as a result of the bank’s efforts, the DoJ said....
...Shimao recorded 2023 revenues of Rmb59bn ($8.2bn), down 5.7 per cent on 2022....
...The merged entity would operate about 5,000 stores, employ nearly 700,000 people and generate more than $210bn in annual revenue....
...Its global market capitalisation is just $1.8tn, compared with the hundreds of trillions of assets in the traditional financial system....
...Instead, such products were held too long, costing 381 customers $1.3mn in total. The entities were also fined an additional $1mn in total. Spokespersons for Stifel and Finra declined to comment....
...Blackstone swept in, offering $1.24 per share in cash compared with Concord’s offer of $1.16....
...Their share is minimal in other loan markets; only in the market for mortgages do they seem to get past 5 per cent....
...The fast-growing Middle East division, which brought in revenues of £1.6bn last year, is now home to more than a quarter of the roughly 1,400 partners who can vote, making it a key constituency in the race...
...At the same time, Indian Continent Investment, a vehicle run by Sunil’s son, Shravin Bharti Mittal, bought over £57mn worth of shares, increasing its stake by around 1.5 percentage points....
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...For 2025, the outcomes were conditioned on an interest rate of 2.8 per cent compared with 3.1 per cent in the September forecasts....
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