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...Quarterly results for the Frankfurt-listed company, in which Deutsche Bank holds an 80 per cent stake, last month showed for the first time how it included so-called advisory mandates in its overall assets...
...UBS is due to publish its first-quarter results on Tuesday....
...Commercial charters had been booked and an airport put on standby for the first flights, it added....
...Postal services are vital national communications assets and The Post Office in Conflict details the service’s role in wartime and its embroilment in political turmoil — in light of recent events, a gallery...
...But thousands of clients were locked out of their accounts and service centres were overwhelmed after 12mn clients and 50bn individual data sets were moved to a different IT system....
...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...
...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...
...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....
..., Germany, India, Italy, Japan, UK, US: S&P Global flash manufacturing and services purchasing managers’ index (PMI) data Japan: Chain Stores Association March supermarket sales UK: ONS March public sector...
...One justification for regulating banks much more heavily than NBFIs is that they matter more. Banks do different things (like take deposits) and can’t be allowed to fail....
...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....
...Fees at five of the six major listed independent investment banks — that’s Evercore, Lazard, Moelis, Perella Weinberg and PJT Partners — together jumped 21 per cent in the first quarter compared to a year...
...Solomon has tried to make the bank more shareholder-friendly, hosting the company’s first investor day four years ago and speaking on quarterly results calls....
...Bankers remain bullish about the need for their repair services....
...The MPC is therefore unlikely to alter its narrative following better than expected figures for the first quarter this morning....
...Goldman’s decision, which was first reported by Sky News, is expected to lead to similar shifts by other global banks....
...Zing will be free to download for people who do not bank with the lender, unlike similar services it already offers to existing clients....
...An investigation by the FT found that the Austrian bank had posted 2,400 job advertisements in Russia since December, with some 1,500 for sales management and customer service roles....
...What can we learn from the history of bank disintermediation? First, it typically takes at least two to three years for weakened banks to get over large interest rate shocks....
...Activity in the US services sector unexpectedly contracted in April, the first time since December 2022, as business activity slowed and new orders softened....
...Australia’s central bank has kept interest rates on hold but raised its short-term inflation forecast due to higher petrol prices and services inflation....
...Goldman Sachs’ profits rose 28 per cent in the first quarter, as a strong performance at its hallmark trading business helped the Wall Street bank easily surpass analysts’ estimates....
...Lending by US banks dropped by $36bn in the first three months of the year compared to the end of 2023, the biggest quarterly drop in more than three years....
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