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...David Asher, a senior fellow at the Hudson Institute and a former US state department official who has worked on sanctions and counter-terrorism operations relating to Iran, said the scheme showed how IRGC-connected...
...A new model would enable Lloyds to “move at greater pace” with clearer roles and responsibilities, he said....
...It is a return to Lloyd’s for Brindle, whose career includes founding London-listed Lancashire in 2005....
...Wu Qing, the new head of the China Securities Regulatory Commission, had been in the job for less than a month when he took to the stage for a high-profile press conference in Beijing on Wednesday....
...Lloyds Banking Group is to be the lead investor in a £62mn fund that will back community development finance institutions, becoming the UK’s first high street bank to support the not-for-profit lenders that...
...Profits at Lloyds Banking Group fell below expectations in the first quarter, as a windfall from higher interest rates for the high-street bank has continued to wane....
...Profits at Lloyds Banking Group fell 28 per cent in the first quarter, as a windfall from higher interest rates for the UK high street bank continued to wane....
...UK insurer Aviva’s return to Lloyd’s after a two-decade absence is a vote of confidence....
...Marc Hudson Stone, Staffordshire, UK...
...China’s property sector, which typically accounts for more than a quarter of economic activity, has struggled for more than two years with construction delays and developer funding woes after a government...
...Lloyd’s benefited as a mixture of the Ukraine war, inflation and climate risks sparked a significant repricing of reinsurance contracts....
...The performance was helped by a quiet year for hurricane claims as well as a rapid run-up in reinsurance prices over the past 18 months. For more on Lloyd’s, click here....
...So far this year, only five companies have listed in Hong Kong, raising a combined $279mn and reflecting a year-to-date drop of about 18 per cent from a year ago....
...A nearly 5 per cent rise for Hong Kong’s Hang Seng China Enterprises Index over the past week has stoked expectations for a catch-up rally when mainland stock exchanges return from their 10-day Lunar New...
...to just HK$46.3bn amid a slowdown for China’s economy....
...As things stand, Lloyds will pay down to a CET1 of 13.5 per cent this year....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Nicolas Aguzin, the outgoing chief executive of Hong Kong Exchanges & Clearing, will depart earlier than planned, the exchange said in a statement on Friday....
...Lloyds Banking Group owns Black Horse, the UK’s largest motor finance provider. Lloyds announced the provision on Thursday alongside its fourth quarter results....
...A reading below 50 marks a contraction from the previous month....
...Aviva is to return to the Lloyd’s of London specialist insurance market for the first time in more than two decades after it announced the £242mn acquisition of Probitas....
...Hudson Lockett What will Fed speakers this week tell us about rate cuts and regional bank jitters?...
...Li is also set to announce a budget deficit of 3 per cent of GDP and Rmb1tn ($138.9bn) in special government bonds....
...Yum’s Hong Kong-listed shares rose 14.5 per cent on Wednesday after it reported a 4 per cent year-on-year increase in fourth-quarter sales, besting a median analyst estimate from Bloomberg of 3.2 per cent...
...Aviva said Lloyd’s, a centuries-old market selling specialist insurance and reinsurance covering everything from cyber attacks to hurricanes, was a “major source of untapped growth” for the FTSE 100 group...
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