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...About 3,600 people work in the bank’s risk teams....
...Jeremy Hunt has been criticised by UK green groups after he removed climate change from a list of four key priorities in a remit letter issued to the Bank of England committee responsible for financial stability...
...In his note, the contents of which were confirmed by NatWest, Thwaite said the changes reflected his view that “customer focus and simplification needs to start at the top of the bank — removing unnecessary...
...We focus on renewables.”...
...Elyn Corfield, chief executive of Lloyds’ business and commercial bank, said she was “delighted to support the CDFI sector to back local businesses, with a focus on deprived areas, and ensure they have access...
...Hong Kong’s stock market led gains in Asia on Tuesday afternoon, with a state-owned mainland bank notching the largest gains....
...Participants at the IMF and World Bank meetings this week in Washington said they were surprised and encouraged by a new focus on private investors as partners with the World Bank for renewable energy projects...
...Top Chinese bankers realise that their global strategy now has to focus on organic growth....
...N26 is pulling out of Brazil as the once high-flying German online bank narrows its focus to Europe in an effort to cut losses....
...Ben Hung, head of Asia and another long-serving CEO contender, will gain the title president of international, a role that the bank said would “[focus] on the group’s priority to deliver for its clients...
...exclusive, focus on climate change in some of the major countries....
...Lloyds’ operating costs were up 11 per cent, in part due to an “elevated” severance charge of £100mn as the lender embarked on a restructuring plan to increase its focus on digital....
...While some central banks such as the US Federal Reserve have taken a cautious approach to green issues, Elderson has made them a focus in his role as vice-chair of the ECB’s supervisory board, which oversees...
...Goldman Sachs has agreed a deal to move its automated investing unit, Marcus Invest, to US “robo-advisor” Betterment, as part of the Wall Street bank’s efforts to pare back a strategy to cater to mass market...
...The European Central Bank’s newest board member has warned against an “excessive focus” on waiting for slower wage growth before it starts cutting interest rates....
...On Monday, the investment bank reported earnings that were sharply up relative to the first quarter of 2023....
...Suncorp chief executive Steve Johnston said the bank asset sale would allow the company to focus on insurance....
...Gilinksi, whose strategy has previously included using assets he bought as vehicles for further acquisition, backed the bank’s existing focus on face-to-face customer service through its branches....
...Most economists and the Bank of England expect headline inflation to drop below the BoE’s target of 2 per cent from the spring, reflecting the fall in the energy bills cap from April....
...“It is imperative for banks to redirect their focus towards devising strategies to sustain growth amid evolving interest rate environments.”...
...But Jane Foley, head of FX strategy at Rabobank, said the ECB might not oppose a gradual weakening of the euro as it begins to focus “more on growth risks than inflation risk”....
...“If investors feel mistreated they will cry foul, and the government will respond by putting a laser focus on the business.”...
...“It’s increasingly looking like they have been justified in their move to just focus on what they’re good at.” The brightest spot was a blowout performance from trading....
...Europe will damage its economy if it enters a “subsidy race” with the US and China, and policymakers should focus instead on reaping gains from lifting internal barriers to EU trade, the IMF has warned....
...After the Covid-19 pandemic “there was a huge focus on green and digital”, said Belgian finance minister Vincent Van Peteghem. “Now . . . we see that focus shifting a little bit away.”...
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