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...“Today, we have announced changes to our structure, which will help us shape the future of the bank and accelerate the delivery of the priorities set out at our recent financial results,” the bank said....
...Astonishingly, bank lending as a share of total borrowing has been falling for 50 years....
...Regulators may not look too kindly on banks that increase share buybacks just a year after Silicon Valley Bank, Signature Bank and First Republic Bank all failed....
...JPMorgan Chase shares fell by the most in almost four years on Friday as an underwhelming outlook for its lending business overshadowed an increase in first-quarter profits at the US’s largest bank....
...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...
...BlackRock has 10 per cent or more of the shares in 38 bank holding companies that are supervised by the US Federal Reserve or the Office of the Comptroller of the Currency but which own FDIC-supervised banks...
...The bank last year instigated its most significant reorganisation in almost two decades in an effort to reverse years of lacklustre share price performance....
...According to analysts at Barclays, the continent’s banks are outperforming US rivals for the first time in more than a decade in return on equity terms....
...The capital returns have helped send the shares of European banks to a six-year high. The Stoxx Europe 600 Banks index is up 34 per cent over the past year....
...Its shareholders are expected to approve a €1bn buyback of shares from the state on May 2, the same day it releases its first-quarter results, and investors are watching for news of the pace of further reductions...
...On Monday, the investment bank reported earnings that were sharply up relative to the first quarter of 2023....
...Some banks, such as ING of the Netherlands, could even beat that, with a 15 per cent total yield. UBS, on the other hand, will need to fully integrate Credit Suisse first and may be more parsimonious....
...first.”...
...About 15 percentage points in terms of investment banking market share has shifted from Europe to the US since the last big recovery after the financial crisis....
...The first-quarter investment bank earnings season will be upon us soon and I expect we will hear more about market shares and league tables — who is winning market share this year, over the past three years...
...But it comes just as European bank profitability (and share price performance) has improved markedly, helped by the tailwind of higher interest rates....
...Its ill-fated 2009 takeover of Britannia Building Society during the financial crisis exposed it to a pile of bad loans and a £1.5bn capital shortfall....
...The Treasury has reduced its stake from a peak of 84 per cent by selling blocks of shares to institutional investors, but the summer plans would be the first time it would offer NatWest stock to individuals...
...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...
...Japanese banks’ earnings should be the first to reflect this shift....
...State-backed Italian bank Monte dei Paschi di Siena announced its first dividend for 13 years....
...In return, Amundi receives shares in Victory. Though more than two-fifths of these are non-voting shares, Amundi ends up with two of the nine director seats on the US company’s board....
...The number of takeovers worth at least $10bn jumped in the first three months of 2024 compared with the same period last year, driven by large US deals in the energy, tech and financial sectors, according...
...Washington has repeatedly asked for the bank to share information with it over its activities in Russia. Additional reporting by Martin Arnold in Frankfurt...
...Although profits are expected to be lower for many this year, shares in some of them may get a boost if Basel III capital requirements turn out to be not as bad as feared....
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