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Here, FT journalists explain the potential of these new developments in the retail and institutional financial services industry Supported by Infosys
...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....
...Munich prosecutors told the Financial Times last week that their investigation was ongoing, and declined to comment further....
...Such groups might have the benefit of a trailing wind from policymakers: Labour aims to double the size of the UK’s co-operative and mutual financial services sector, according to its financial services...
...Griggs said that having tax under one umbrella reflected how clients bought services from PwC....
...financial information and maintain trust in banking services,” he predicts....
...Why not, some mused, force banks to mark everything to market and be done with it? Seductive as it sounds, this may not be the best solution. Banks are in the business of maturity “transformation”....
...Large regional banks such as Zions Bank and KeyBank had an average sensitivity of 12 per cent in the second quarter of 2022....
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...Following the UK-EU Memorandum of Understanding on regulatory co-operation in financial services last June, the decision on clearing is a welcome sign of pragmatism and improving relations between London...
...Spending on digital services is particularly buoyant in financial services, experts say, due in part to rising interest rates boosting margins for banks — creating surplus cash for them to spend on IT....
...Crucially, Poste Italiane kept its post office network and financial services, unlike Royal Mail. Chief executive, and former JPMorgan banker, Matteo Del Fante has used both to good effect....
...But activists say that blocking sex workers’ access to financial services, including current and business accounts, can make them more vulnerable to financial exploitation, leaving them at higher risk of...
...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...
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...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....
...Deals and underwriting flow can only improve as financial sponsor firms — private equity — will eventually need to distribute cash back to their limited partners....
...invasion of Ukraine and central banks lifting interest rates....
...UK chancellor Jeremy Hunt has signed a UK-Swiss financial services pact, calling it “a global first that builds on the UK and Switzerland’s strengths as two of the world’s largest financial centres”....
...Medical and finance professionals say those in their late teens and early 20s are conscious of it and are keen to raise it with their employers and the financial firms whose services they use....
...Inflation in the eurozone’s two largest economies has fallen to its lowest level since mid-2021, but services prices remain stubbornly strong, presenting the European Central Bank with a conundrum over when...
...Its call increases the scrutiny of so-called non-bank financial institutions, which have become a larger part of trading in financial markets since the 2008 financial crisis....
...As for takeouts, 22 of the 27 bids recorded this year were FTSE Small Cap and AIM companies. Many were in sectors such as technology and health that the government hopes to promote....
...The answer lies in understanding both the “term premium” and “equity risk premium”. Respectively, these compensate holders of longer-term government bonds and riskier stocks....
...So what does it mean for the financial system that non-banks and investment funds are so exposed to this risk?...
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