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...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....
...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...
...The most eagerly awaited data point in a light week for economic announcements will be the US first-quarter growth figures on Thursday....
...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....
...It has not been an ordinary year in the First State. About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...This was the first time he has sold shares in the bank other than for charitable or tax purposes. Jefferies said Handler, 62, was using the cash to buy a boat and pay tax obligations....
...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....
...Instead, it will be smaller regional banks that will feel more of this pressure....
...In the first quarter, profits were weighed down by $476mn in severance and other one-off charges linked to the reorganisation, as well as $250mn in charges related to last year’s regional bank failures....
...First, there are the workers. In a speech on Monday, the Bank of England’s Nat Benjamin reminded us that 2.2mn people in the UK work directly for private equity portfolio companies....
...Analysts said some banks could lift their guidance when they report first-quarter results beginning this week....
...Deutsche Bank has hired Alexandre Lotfi as head of wealth management lending for the UK and central Europe at its private bank. He previously worked for the Bank of Singapore....
...First Republic and Signature....
...The odds are it will be coming from card-issuing banks such as JPMorgan, Citigroup or Bank of America rather than Visa or Mastercard. Banks have plenty of ways to offset lower interchange fees....
...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...
...However, this has been read by some in the market as a signal that sellers are hopeful that they can wait for better prices after the Bank of England lowers borrowing costs....
...Volkswagen reported a 154 per cent year-on-year increase in its BEV order book in Europe in the first quarter....
...Nonetheless, James Shin, a biopharma analyst at Deutsche Bank, said the sharp increase in biosimilar prescriptions in recent weeks would be “alarming” to AbbVie....
...Despite the woes of its manufacturers, Germany’s PMI reading rose above the 50 mark that separates growth from decline for the first time in 10 months....
...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”....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...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...
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