Hints and tips:
Related Special Reports
...Johannes Beermann has not been replaced by the Hessen regional government since leaving the board at the end of last year....
...When pressed on the issue, asset managers in the US now emphasise that they are service providers....
...In the first quarter, profits were weighed down by $476mn in severance and other one-off charges linked to the reorganisation, as well as $250mn in charges related to last year’s regional bank failures....
...Shares in New York Community Bancorp meanwhile fell by a quarter on Friday after the regional lender delayed its annual report, saying it had found material weaknesses in the internal controls that guide...
...The further challenge for the UK (which has a resilient services sector), adds Figures, is that modern goods increasingly come bundled with services — like connected cars — which will weigh on UK trade....
...The latest fall in NYCB’s stock was not echoed in the wider regional banking sector. The KBW Regional Bank index, which includes NYCB, closed down just 0.4 per cent on Wednesday....
...(c) 1 LOB (“Services”) = almost all of Citi’s market cap....
...Many believe that the slightly better than feared performance of regional economies means a more painful recession can be avoided, while falling inflation will allow central banks to cut interest rates,...
...For Citi, part of the appeal of the new licence is that it would enable it to pitch its services as an onshore underwriter and a full-service bank to clients of its corporate and commercial bank on the mainland...
...These would service a long-standing deep seaport inside Kampot’s sleepy cow pasture and rice field-filled special economic zone....
...From the US regional banking meltdown to the wars in Ukraine and the Middle East, 2023 has been a year of lurching from one crisis to another....
...There’s an allegation of tying the buy box [ie, better placement on a product order page] to Amazon fulfilment services....
...Spending on the bank’s credit cards helped raise revenue in its consumer banking division by 12 per cent, while corporate spending helped push up revenue in Citi’s treasury services division, which manages...
...A version of this article was first published by Nikkei Asia on December 18. ©2023 Nikkei Inc. All rights reserved....
...“When we formed our regional organisation many, many years ago, it was a very different bank,” Fraser said at an investor conference shortly after announcing the reorganisation....
...For example, a lack of workers at one regional sorting centre means FedEx has to divert or reroute packages to other hubs. FedEx shares, at 15 times forward earnings, still trade at a discount to UPS....
...Investment managers such as Blackstone have flagged a “golden moment” for private credit in recent months, including in the US as regional banks pull back on some of their lending....
...This matter was reviewed by executive management and in discussion with the Board it was decided to appoint an external professional services firm (Big Four Accounting Firm) to assist in performing a number...
...Geographically, the bank will be organised around its US and non-US businesses, instead of having regional heads....
...The strikes in Sweden were giving workers in Grünheide “courage and confidence to organise themselves into a union and take their fate into their own hands”, said IG Metall’s regional head Dirk Schulze....
...Vantiv, which Advent had carved out of US regional lender Fifth Third Bank, merged with Worldpay two years later in a deal that then valued the combined entity at more than £22bn....
...A version of this article was first published by Nikkei Asia on December 12. ©2023 Nikkei Inc. All rights reserved....
...A version of this article was first published on November 1 by Nikkei Asia. ©2023 Nikkei Inc....
...Two of the state’s flagship public universities, the University of North Carolina and North Carolina State, belong to a regional league whose games are among those now unavailable to Charter subscribers....
...Back in 2019, three of the largest US regional banks successfully lobbied regulators to ease their capital requirements by excluding paper losses on their investment portfolios....
International Edition