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...Banks have since significantly tightened up scrutiny of clients, with approvals for setting up private banking accounts and new family offices in the city-state now stretching into months and in some cases...
...The largest US banks lent billions of dollars less in the first quarter, in a sign that corporate borrowers are paying down debt as interest rates hover at historically high levels....
...That shares in PNC, a bank that has achieved exactly this over a long period, have struggled recently relative to JPMs suggests the advantages of scale in banking have only become stronger in the past few...
...The Swiss National Bank announced a surprise cut to interest rates on Thursday in a sign of policymakers’ confidence over falling inflation....
...The bottom lines at Comerica, based in Dallas, Texas, Zions Bank, based in Salt Lake City, Utah, and PNC in Pittsburgh, Pennsylvania, fell roughly 90 per cent, 55 per cent and 40 per cent, respectively....
...Thomas Jordan, the long-standing chair of the Swiss National Bank, announced his resignation on Friday, bringing to an end a turbulent tenure of unorthodox policymaking....
...Delinquent commercial real estate loans at US banks have hit their highest level in a decade, as higher interest rates, an uncertain economy and the rise of remote working pile pressure on building owners...
...The Bank of Japan’s monetary policy committee is not expected to change interest rates when it meets on Friday, but there will be a lot of interest in its Outlook Report. One more thing . . ....
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome, high interest loans in favour of a cheaper alternative, according to data from Bank...
...Investors will be looking at UK inflation data on Wednesday as a guide to the path for interest rates this year....
...Former Labour leader Ed Miliband once branded parts of the City “predators”, while his successor Jeremy Corbyn had a dismal relationship with the Square Mile....
...Super regional bank PNC said its NII had dropped 2 per cent in the quarter to $3.5bn because of increased funding costs as well as lower loan and securities balances....
...The government overruled the board, after Farage rallied support from a range of senior Tories, including then City minister Andrew Griffith — the latest in a string of government interventions at the bank...
...Rupert Murdoch’s News Corp is also interested in buying the Spectator....
...A bigger than expected fall in UK inflation has bolstered arguments for the Bank of England to start cutting interest rates and allowed Prime Minister Rishi Sunak to seize on the news as proof his economic...
...Under antitrust head Jonathan Kanter, the DoJ is broadening the parameters used for bank merger assessments to include factors such as interest rates, fees and branch locations....
...With the Bank of England raising interest rates from 0.1 per cent at the end of 2021 to 5.25 per cent last summer in a bid to tame inflation, “affordability in London has deteriorated more than elsewhere...
...The Swiss National Bank unexpectedly cut rates on Thursday, making it the first central bank of a major western industrialised country to do so in the current cycle, but the Fed and the ECB are not expected...
...Though Namibia is officially an upper middle-income country, with nominal output per capita of more than $5,000, nearly two-thirds of its 2.5mn people were defined as living in poverty by the World Bank...
...But, as Ebrahim Poonawala of Bank of America pointed out to me, the cause of the first problem, very fast growth, was acquisitions explicitly designed to solve the second problem, the concentration in regulated...
...The US Federal Reserve, the Bank of England and the Bank of Japan will all be making important announcements about interest rates in the coming days....
...Brookfield has bid on $4.4bn in affordable housing loans to apartment buildings in New York City that the FDIC is selling as part of the auction of New York-based Signature’s assets, which mostly comprise...
...Claudia Buch, who became chair of the European Central Bank’s supervisory arm in January, said an increase in the benchmark interest rate to a record high of 4 per cent “still has to filter its way through...
...But as Gorman has turned Morgan Stanley over to successor Ted Pick, the division’s performance has struggled of late as investors have kept a greater portion of their money in cash because of rising interest...
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