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...Joshua FranklinHi. Kasia BroussalianSo before we get into the mixed results from Friday, tell me a little bit about this net interest income. What are we talking about exactly? Joshua FranklinYeah....
...US hedge fund Citadel and its sister firm market maker Citadel Securities have agreed a big expansion of their London office footprint, with a deal to take 250,000 sq ft at British Land’s new flagship City...
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...The brightest spot was a blowout performance from trading....
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...But the project is now paused after Gove, levelling-up secretary, issued a “holding directive” while he considers whether to launch a review....
...Investment banking fees were a bright spot, increasing by a higher than expected 16 per cent as the markets for initial public offerings started to reopen after a two-year downturn....
...Joshua Franklin It’s really been a case of the haves and the have-nots in US banks over the last 12 months or so. The haves have been a pretty small number....
...Morgan Stanley said net income in the first quarter was $3.4bn, up from $3bn a year earlier, beating analysts’ estimates for $2.7bn, according to forecasts compiled by Bloomberg....
...The relief means buyers can pay less transaction tax when purchasing more than one dwelling in a single deal....
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...“A chunk of those will be fully underwater, a chunk of those will be snorkelling and a chunk [will be recapitalised with] more equity.”...
...Profits at Wells fell 7 per cent in the first quarter from a year earlier....
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...products which still earn a decent return....
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