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...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...The president has also repeatedly emphasised the importance of the “real economy” in contrast to finance and tech, as part of a campaign for “high-quality development”....
...China International Capital Corporation says south-east Asia has only seen the “tip of the iceberg” of Chinese companies wanting to explore opportunities in the region, as the state-backed investment bank...
...Oklahoma, another oil producer, banned JPMorgan, BlackRock and others from doing business with the state in 2023....
...He added: “If I was a BHP shareholder and I was still capable of doing a cartwheel I’d do two if I got it at this price.”...
...An anti-money-laundering job notes “ambitious goals to grow business with financial institutions, as well as foreign banks”....
...Some banks are stressed too: the New York Community Bank was recently forced into an emergency $1bn capital raise due to CRE losses, and this week the Klaros Group warned that more than 250 small banks out...
...But in fintech, the benefits are becoming plain to see....
...Some are active businesses, but some sit dormant as mere shell entities doing no business whatsoever....
...As is, probably, a walk through a central business district, anywhere from Chile to China: the anonymous glazed walls and the glimpses of bored, alienated security guards, the sheer lack of variety....
...Unlike plain-vanilla QE, hardly any other central banks have copied these innovations. That was a wasted opportunity....
...But that didn’t happen at any of those banks. Those banks did not capture those deposits; they were captured by the capital markets sector and by private equity funds....
...But after the huge rise in capital spending caused by the AI race, any delays could lead to a massive hangover for the hardware industry....
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...business in the country....
...Risky business The US is pressing Austria’s Raiffeisen Bank International, the biggest western bank in Russia, to drop plans to buy a €1.5bn stake from a Russian tycoon, Reuters writes....
...The deal underscores how large private capital groups such as Blackstone that face fewer restrictions than banks are stepping into mainstream debt markets to help alleviate capital pressures on large lenders...
...Banks lost the moat of captive flow around their bilateral block trading business....
...In 2016, the Army Corps of Engineers concluded that it was not cost-effective to build flood walls, levies and pump stations to protect Manville....
...Fed rate cuts could also draw more plain-vanilla asset managers into the mix: Mutual funds, closed end funds, and ETFs, which we collectively refer to as “asset managers,” could double their purchases,...
...She wryly delineates Californian tech as a complex business cluster whose participants are neither heroes nor villains....
...The package of 22 recommendations, which will be submitted for discussion in the Swiss parliament, includes bolstering the powers of Finma, the financial regulator, as well as tightening capital requirements...
...“Capital One is a healthy, well-managed, well-capitalised bank. Discover less so,” said one bank M&A lawyer. “Part of this is regulators having Capital One solve a problem for them.”...
...Republican states reliant on the fossil fuel industry, including West Virginia and Oklahoma, have banned some asset managers from doing business with them, based on accusations of boycotting fossil fuels...
...More risk-weighted assets require more capital as loss buffers....
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