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...Ermotti said the only reason UBS was allowed to take over its rival was because Credit Suisse was failing after years of loss making....
...“I think that if this is done in a transparent way, it would not put the EIB’s credit or ESG ratings at risk....
...Since Nippon Steel agreed to buy US Steel for $14.9bn in mid-December, the deal has faced a bipartisan backlash in Washington against the sale of a US manufacturing icon to a foreign entity....
...chain had also agreed to allow customers to tip workers with credit cards at unionised stores for the first time in a “sign of good faith.”...
...CREDIT: UAW Read a transcript of this episode on FT.com...
...the credit worthiness of Greensill Bank....
...The United Steelworkers labour union, which represents more than 1mn workers, preferred a domestic bidder, Cleveland Cliffs, during the 2023 US Steel auction....
...The report said government spending on the state pension, pension credit and winter fuel payment was expected to be £132bn in 2023-24, or 5.1 per cent of national income....
...Having led Poland between 2007 and 2014, Donald Tusk can take some credit as his nation approaches western European standards of living....
...This is where corporate purchases of carbon credits could have a crucial role to play....
...opposition to the takeover and marks the culmination of months of White House debate about how to respond to a deal that has sparked a bipartisan backlash in Washington against the sale of a US manufacturing icon...
...CREDIT: PBS, ABC News Read a transcript of this episode on FT.com...
...Fitch downgraded France’s credit rating last year. The government is braced for the risk of further downgrades when reviews come from Moody’s in April and Standard & Poors in May....
...But the merger is opposed by the United Steelworkers labour union....
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...In “African criticism of credit ratings is a red herring” (Opinion, January 19) Moritz Kraemer claims there is “no negative bias towards [African] countries” by credit rating agencies, reinforcing the notion...
...The writer is a former investment banker and author of ‘Power Failure: The Rise and Fall of an American Icon’ How much capital big banks need, or should have, is one of the most hotly debated questions...
...Big bancassurers such as France’s Crédit Agricole and KBC of Belgium could capitalise on rule changes....
...“But we should remain proportionate going forward given an economy that has stagnated for 18 months, risks to the economic outlook that are skewed to the downside, and credit conditions that are in restrictive...
...IndustriALL Europe represents 180 unions in 38 countries, while IndustriALL Global represents 800 unions in 140 countries....
...However, credit to the private sector grew 0.4 per cent from a year ago, up from 0.2 per cent the previous month....
...The US and other countries including Saudi Arabia had pushed for more flexible UN standards for the carbon credit market, allowing the trade in credits to get off the ground sooner, according to people present...
...Crédit Agricole posted a 25 per cent drop in net income to €1.33bn, though it set aside less money than expected against soured loans....
...Finance ministers are rarely ecstatic when their credit rating is being slashed....
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