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...Deutsche Bank declined to comment....
...Last week the BoE kept rates at 5.25 per cent for a fifth consecutive meeting, as widely expected....
...Ergo, R+V, Allianz and Volkswohl-Bund declined to comment. Signa did not respond to a request for comment....
...Context: The EIB is the EU’s lending arm and the world’s largest multilateral development bank....
...Shares in Abrdn have shed two-thirds of their value since the merger with Standard Life....
...The bank said it had spent $186mn on severance costs in the third quarter alone, with 7,000 jobs jettisoned....
...On the continent, Europe’s region-wide Stoxx 600 rose 0.2 per cent for a five-day winning streak and its third-straight record high close....
...The combination would create the country’s second-largest bank worth more than €70bn. With Sabadell’s strength in SMEs, the pair’s domestic share of overall lending will rise to about one-fifth....
...Third, the four largest US banks have paid out $630bn since 2013 in share buybacks and dividends, equalling more than 80 per cent of their net income — that’s what they are choosing to use their capital...
...Tim Spence, chief executive at Fifth Third Bank, based in Cincinnati, Ohio, said the competition for deposits remained “robust”, but that banks were no longer having to offer customers such generous terms...
...Phenomenal World) — The decrease was primarily due to a $9.3 million increase in other operating expenses resulting from the recognition of a $9.5 million contingent loss related to cash that was stolen from a third-party...
...Cutting Edge Group (CEG), a music financier, publisher and record label based in London, has secured $500mn from a syndicate of four banks, led by US lender Fifth Third Bank and Northleaf Capital....
...Poor data undermines trust and skews forecasting — as several central banks, including the Bank of England, discovered when it came to inflation....
...The IMF has said that Ukraine needs to limit its public debt levels to roughly four-fifths of GDP by 2028 and two-thirds by 2033....
...The latest campaign to be London’s mayor, which last week saw Labour’s Sadiq Khan return for a third term, did not inspire. The city contributes over a fifth of the UK’s output — and national revenue....
...That shake-up is the driving force behind 20,000 job cuts at Citi, the third-largest US bank by assets....
...Regulators want to cap the late fees that large card issuers can charge to $8 — less than a third of their current levels. Yet you wouldn’t know it from the share prices of the card companies....
...About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...A third allegation — recently raised by Paweł Mucha, a member of the Polish central bank’s management board — concerns Glapiński’s projection that the central bank would make a sizeable profit in 2023....
...The fifth recommendation is extraordinary....
...In the UK, the value of used EVs fell about a fifth, far higher than the overall market where resale values dropped only 3.7 per cent, according to the bank which referred to Auto Trader data....
...Banks are demanding interest of over 11 per cent from almost one-third of would-be borrowers, says the FSB....
...The US in effect closed Latvia’s third-largest bank ABLV in 2018 after accusing it of helping to fund North Korea’s weapons programme....
...That suggests Japanese banks’ total exposure to such US office loans is about ¥1.08tn and means Aozora’s represents about a fifth of the total....
...Robert Zoellick Former President, World Bank, McLean, VA, US Philip Zelikow Hoover Institution, Stanford University, CA, US...
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