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...The bank has increased its deposit base by 15 per cent to £3.4bn in the period and has a total loan balance of £2.7bn....
...In light of the Bernanke review of the economic forecasting methods that support monetary policy at the Bank of England, there would appear to be a strong case for a parallel independent review of the analytical...
...A reversal of that status quo risked upsetting financial stability. But on Tuesday, after eight years in the negative, the Bank of Japan governor Kazuo Ueda pulled it off in smooth style....
...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...
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...survey of banks and building societies....
...What regulator could be against safer banks at the heart of our financial system?...
...In an interview after the MPC held rates on Thursday, the associate professor of economics at the London School of Economics told the Financial Times she did not see much danger of resurgent price growth...
...The European Central Bank has announced one of the biggest overhauls of its connections to the financial system for a decade, outlining plans to lend more to commercial banks while shrinking its vast bond...
...Germany’s financial watchdog has threatened to fine Deutsche Bank after the lender failed to fix flaws in its anti-money laundering controls, in the latest setback for chief executive Christian Sewing....
...Banks were among the first employers to call workers back to offices after Covid-19 altered work routines....
...The largest US banks lent billions of dollars less in the first quarter, in a sign that corporate borrowers are opting to whack down their debt with interest rates still at historic highs.Bank of America...
...Mark Mason, chief financial officer, told reporters that 7,000 employees had been given notice that their jobs had been eliminated since the reorganisation began, 2,000 more than the bank had previously...
...The bank said net income for the first three months of the year was $4.1bn, up from $3.2bn a year earlier and almost $1bn ahead of analysts’ forecasts compiled by Bloomberg....
...The Supreme Court is expected to rule later this year in a case brought by a group of payday lenders who claim the government’s funding of the CFPB, which was set up after the financial crisis, is unconstitutional...
...Short-term funding markets have become more fragile largely because of a recent shift in the constitution of the financial system: the segregation of bank capital by jurisdiction....
...On Monday, the investment bank reported earnings that were sharply up relative to the first quarter of 2023....
...Banks say they have a responsibility to monitor and stop the proceeds of financial crime, including sex trafficking....
...The ECB on Thursday unveiled a €1.3bn annual loss, its first for almost two decades, reflecting the impact of higher interest rates paid to national central banks....
...assessment of adequacy of financial resources or may be at risk of not having adequate financial resources”....
...Instead, it will be smaller regional banks that will feel more of this pressure....
...The 0.5 percentage point cut to the People’s Bank of China’s reserve requirement ratio, announced by PBoC governor Pan Gongsheng on Wednesday, will inject Rmb1tn ($140bn) of liquidity into the financial...
...It has been almost a year since Wall Street veteran Ajay Banga first stepped into his new life as the head of the World Bank, following the early resignation of his Trump-appointed predecessor, David Malpass...
...Bank of America, Goldman Sachs and Morgan Stanley report results early next week. Additional reporting by Harriet Clarfelt...
...The bank reported net income of $3.4bn in the first three months of the year, up from $3bn a year earlier and comfortably ahead of analysts’ estimates compiled by Bloomberg of $2.7bn....
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