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...UBS has reported its first quarterly profit since taking over Credit Suisse, sending its shares up 10 per cent on Tuesday, as the Swiss lender begins to reap the benefits of the contentious rescue of its...
...ROE was 5.1 per cent for its year to March, compared with 3.1 per cent the year before....
...Caledonia Mining Corporation is at an awkward growth moment, undershooting production guidance for 2023 and reporting far lower profit numbers despite the strong gold price last year....
...That split assuages concerns by militarily neutral EU countries Austria, Malta, Cyprus and Ireland who want a share of profits to finance non-military purposes....
...Dennis Kelleher, the co-founder and CEO of non-profit organisation Better Markets, tells me the tussle over how much bank capital is enough is “probably” the biggest fight over a proposed regulatory rule...
...Non-executive director Richard Fearon bought 10,000 shares at $83.65 each on the New York Stock Exchange on March 1, the day after the company posted results for the 2023 calendar year....
...Second, these banks generate enormous amounts of capital — the six largest US banks alone had profits of $1tn in just the past 10 years, even after the capital increases since the 2008 crash....
...Germany’s largest lender said on Thursday that first-quarter net income increased 10 per cent from a year earlier to €1.45bn, slightly above analysts’ expectations....
...The government believes as much as €11bn — nearly half of this year’s projected €24.5bn corporation tax haul — amounts to a “windfall” of exceptional profits paid by a small number of firms....
..., RoE-enhancement strategy . . ....
...Declining tax rates accounted for a hefty 22 per cent of the profit growth of S&P 500 non-financial groups in the three decades to 2019, a study by the Federal Reserve’s Michael Smolyansky has shown....
...A minimum tax of 25 per cent on the 1,000 richest Americans would raise $500bn over 10 years, he said, going some way to close the US’s yawning fiscal deficits....
...Labour has already committed to capping corporation tax at 25 per cent for the next parliament....
...This could theoretically reduce euro area total deposits (defined as households’ and non financial corporations’ deposits) by €873bn, or 7%, and increase the loan-to-deposit ratio (LDR) from 98% to 106%....
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...Pre-tax profit jumped to £2.3bn from £882mn the previous year, when it took a one-off £982mn non-cash hit....
...Non-executive director Louise Smalley’s partner bought 10,200 shares at £5.81 per share, close to the stock’s 12-month high of £6.02....
...The historic win in the district court of The Hague in May 2021 for the Dutch wing of Friends of the Earth, Milieudefensie, spawned a series of copycat cases by non-profit groups against multinationals,...
...The slowdown in activity by non-profit housing associations, which build and run much of the UK’s affordable housing, has also caused concern among private developers....
...The estimated profit is €1,300 and €14,300 respectively, giving a strong incentive to export, Rhodium says. Imports already pay a 10 per cent EU tariff rate, amounting to roughly €2,100 a vehicle....
...Banks already offering seven and 10-year fixes have seen very low take-up from customers, say industry representatives....
...The global minimum tax, which came into effect from January 1 across the EU, UK and a clutch of other big economies, applies an effective tax rate of at least 15 per cent on profits on large multinationals...
...When White joined from media regulator Ofcom in 2020, she pledged to build and rent out 10,000 homes as part of plans to generate 40 per cent of profits from non-retail operations....
...From January 1, countries including all of the EU, the UK, Australia, South Korea, Japan, Canada and Norway are applying an effective tax rate of at least 15 per cent on profits of multinational companies...
...The influential non-profit group said it raised “many uncertainties about the balance of benefits and harms” of the treatment....
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