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...The lenders, which have so far refused to extend the loan without an injection of fresh equity from Thames Water’s owners, are Chinese state-owned Bank of China and Industrial and Commercial Bank of China...
...China International Capital Corporation says south-east Asia has only seen the “tip of the iceberg” of Chinese companies wanting to explore opportunities in the region, as the state-backed investment bank...
...Banks have since significantly tightened up scrutiny of clients, with approvals for setting up private banking accounts and new family offices in the city-state now stretching into months and in some cases...
...State institutions such as the central bank have already suffered a decline. Since August, the chairs of some state banks have in effect outranked the PBoC governor in the Communist party hierarchy....
...The bank’s state-ordered takeover by UBS last year has led to at least $9bn of legal claims, largely related to the decision by Swiss regulator Finma to write down billions of dollars of Credit Suisse debt...
...The odds are it will be coming from card-issuing banks such as JPMorgan, Citigroup or Bank of America rather than Visa or Mastercard. Banks have plenty of ways to offset lower interchange fees....
Current rates from the state-owned savings bank
...Last summer, a Russian court froze about $36mn worth of assets owned by Goldman following a lawsuit by state-owned bank Otkritie....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...Chinese property group Shimao faces a winding-up petition from one of China’s largest state-run banks, the developer said in a disclosure to the Hong Kong stock exchange on Monday....
...The involvement of a prominent state-owned bank signals a new level of impatience among creditors as a cash crunch for property developers continues to worsen....
...The main difference between banks and the latter is its greater dependence on interchange fees from the use of debit and credit cards and currency exchange....
...Whilst the card companies do not receive the fees themselves, offering issuers higher rates acts as an incentive for banks to choose one network over the other....
...The China Development Bank is primarily responsible for making infrastructure loans and is under direct supervision of the State Council, the country’s cabinet....
...Isolated from the world’s capital markets, Russian banks have benefited from a boom in domestic lending as households have rushed to take on state-subsidised mortgages and corporate lending has soared....
...State sell-offs in the 1980s and 1990s promised a whole new way of doing business, bringing in (at least theoretically) cost efficiencies and productivity gains....
...Birmingham has led to a fourfold increase in planning applications for homes, office and commercial buildings around the railway’s new stations in the West Midlands, according to analysis by HS2 Ltd, the state-owned...
...Junaidi was referring to the success of the state-owned bank’s digital banking platforms, especially Livin’ — a mobile app for retail customers that he called “the real superapp” in an apparent dig at Indonesian...
...The US has announced sanctions against an individual and two organisations accused of targeting Palestinians in the West Bank....
...The US state department said four “Israeli nationals/individuals connected to violence in the West Bank” already had sanctions placed against them on Thursday....
...The state, which exited the country’s largest lender, Bank of Ireland, in 2022, holds less than 40 per cent of AIB....
...Dimon pointed to a proposal by the Federal Reserve to limit debit card interchange fees, which he said would render certain accounts that were popular with lower-income customers less economically viable...
...Reza Baqir Former Governor, State Bank of Pakistan (2019-2022); Global Practice Leader of Sovereign Advisory Services, Alvarez & Marsal, Dubai, United Arab Emirates...
...The findings, which were published on Wednesday alongside the chancellor’s Autumn Statement, come as card networks are facing a probe by the UK Payment Systems Regulator into cross-border interchange fees...
...Truss has sought to blame her short tenure on an array of forces in the “deep state”, the Bank of England included. So there was potential for Bernanke’s report to feed the culture wars....
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