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...outlook for his successor....
...banks with cash or interest-bearing marketable debt....
...The Swiss National Bank announced a surprise cut to interest rates on Thursday in a sign of policymakers’ confidence over falling inflation....
...Robinson was pushed out in 1993 after heavy losses related to his acquisitions and his empire was quickly dismantled by successors....
...In his annual letter to shareholders, the head of the largest US bank by assets said JPMorgan had plans for interest rates going above 8 per cent and as low as 2 per cent....
...The SNB said it would announce a successor to Jordan in due course. “Having met the various challenges of recent years, now is the right time for me to step down,” Jordan said....
...This was in a year when banks such as NatWest had to pay more to keep depositors. NatWest’s cost of funding via deposits climbed at an average quarterly pace of 0.35 per cent....
...The Bank of Japan’s monetary policy committee is not expected to change interest rates when it meets on Friday, but there will be a lot of interest in its Outlook Report. One more thing . . ....
...The big news in central banking this week was the Bank of Japan’s move to lift its short-term interest rate above zero and stop targeting long-term rates altogether....
...A second successive jump in the UK minimum wage will keep the Bank of England on high alert for signs of pay growth feeding inflation, even as broader price pressures in the economy start to ebb....
...We start today with a moment of history in Japan where the board of the country’s central bank voted to raise interest rates for the first time since 2007....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome, high interest loans in favour of a cheaper alternative, according to data from Bank...
...Traders in Europe have also dialled back their expectations for interest rate cuts in recent weeks....
...The bank only launched its formal search for her permanent successor last month, led by incoming chair Rick Haythornthwaite....
...Bank of Montreal, Canadian Imperial Bank of Commerce and Toronto-Dominion Bank already have $128bn worth of variable-rate mortgages that are in “negative amortisation”....
...His eventual successor will potentially have to grapple with higher capital requirements that Dimon has argued will constrain bank lending in the economy....
...Need to know: Global economy While most investors are expecting US interest rates to be cut, some are now pricing in the possibility of an increase, prompting the FT editorial board to caution: “Interest...
...His successors have spent much of this year trying to impress one clear message on investors: interest rates will not come down until inflation has fallen sustainably to target....
...Its biggest holding is Bank of Georgia — which by any measure is the cheapest UK-listed bank. David Stevenson is an active private investor....
...Nangolo Mbumba, the country’s vice-president, has been sworn in as Geingob’s successor, but will not stand when the current presidential term expires in November....
...Her comments jolted markets, which had fully priced in a cut to the central bank’s record high benchmark interest rate of 4 per cent by April....
...Higher interest rates in other markets have prompted foreign businesses to pull money out of China to chase higher yields elsewhere....
...The European Central Bank is set to meet in Frankfurt on Thursday to debate interest rates. The consensus among economists is that it is a little too soon to start lowering them....
...Kelleher said to expect further AT1 issuance from UBS in the near future, with analysts estimating that the bank would need to issue a further $11bn of such debt to make its capital stack efficient....
...But as Gorman has turned Morgan Stanley over to successor Ted Pick, the division’s performance has struggled of late as investors have kept a greater portion of their money in cash because of rising interest...
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