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...But it is not only bank business that is discussed. One member recalled receiving a phone call from Eddy Wauters, the long-term general secretary of the IIEB who had been chair of KBC Bank....
...The telco entrepreneur has asked banks including Lazard and Morgan Stanley to explore asset sales....
...ICBC is the main bank of Maike, whose headquarters are located in Xi’an, the capital of the northwestern province of Shaanxi....
...The exit of KBC and Ulster Bank from Ireland has left what Borja Ramírez, an analyst at Citigroup, has called an “oligopolistic” concentration....
...That shift comes partly because many banks trade below their book values. But even among this group, ING stands out....
...“Vietnam has to be the most important recovery for Heineken,” said Laurence Whyatt, analyst at the bank, due to the region’s historically high margins....
...Anyway, now that the initial shock about Altice has worn off, the banks are out calming everybody down....
...Big bancassurers such as France’s Crédit Agricole and KBC of Belgium could capitalise on rule changes....
...Investment banks including Lazard, Goldman Sachs, Morgan Stanley and BNP Paribas have been tapped to explore the sale of various assets, such as Altice’s operations in the Dominican Republic and Portugal...
...Economists at Belgian bank KBC emphasise the country’s economic strength. Its real GDP growth in the final quarter of 2023 was 0.4 per cent, quarter on quarter — double their forecast....
...The bank’s overall loan book grew €8.7bn, but most of that was due to loans acquired from KBC, which exited Ireland earlier this year....
...“Some people might fear that a ban on advanced western oilfield technologies might cause a rapid fall in production,” said Craig Kennedy, a Harvard-affiliated scholar and former vice-chair at Bank of America...
...Milieudefensie said the bank’s new policy did not go far enough and that the timescale for phasing out oil and gas financing was too far in the future....
...Over the same period, post-crisis regulation and a decline in oil prices from their 2008 peak knocked the banks and energy groups that form a large part of European bourses....
...BoI bought KBC’s €8bn loan book while AIB took on some of Ulster Bank’s lending....
...Investment banks including Lazard, Goldman Sachs, Morgan Stanley and BNP Paribas have also been tapped to explore the sale of various assets, including a stake in SFR for about €3bn and Altice’s operations...
...“We often wonder why these unicorns go abroad and don’t stay in Frankfurt or Europe,” said Christine Lagarde, president of the European Central Bank, last month....
...Bank of Ireland, the nation’s largest bank, more than tripled its first-half pre-tax profits to €1.03bn, boosted by higher interest rates, Ireland’s buoyant economy and the absorption of customers from KBC...
...The People’s Bank of China has led the way this year, acquiring 181 tonnes, followed by Poland, at 57 tonnes, and Turkey, with 39 tonnes....
...Meanwhile, the exit of Ulster Bank and KBC from the market has boosted customer numbers at Ireland’s three remaining banks: Bank of Ireland, AIB and Permanent TSB....
...The European Central Bank has also raised concerns about some of the new tax plans on lenders....
...Further reading— Live news: Bank of England and Central Bank of Turkey raise rates (FT)— Robin goes on pat leave (Twitter)...
...Exor appears to have acquired what it describes as its “shareholding” via a deal with an investment bank....
...Investment banks including Lazard, Goldman Sachs, Morgan Stanley and BNP Paribas have also been appointed to sound out sales for the group’s data centres in France, telecoms operations in Portugal and the...
...Although he resigned as chief executive after the EU decision in a bid to save the Yandex business, Volozh now wants to grow a new AI-focused venture, and cannot do this if he is locked out of western banks...
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