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...Related: Ruchir Sharma explores what this trend means for the dollar....
...Observers say the government could also soon invite expressions of interest for the possible privatisation of Mumbai-based IDBI Bank, in which it currently holds about 95 per cent of the equity, along with...
...As always, drop your story ideas to me at sid.v@ft.com and have a great week....
...“The topmost business families of India do not move without consulting good astrologers,” said Anupam V Kapil, an astrology columnist for the Times of India....
...The Tel Aviv-based company partners with banks like Metrobank, Santander, MUFG and US Bank to turn their troves of financial data into customer-specific insights....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...Santander has set its sights on becoming a major force in European investment banking. Five stories in the news 1....
...Potential buyers include regional lenders and Canadian banks while targets include foreign lenders such as Santander....
...A temporary stamp duty holiday that offers purchasers a tax saving of up to £15,000 has fuelled a V-shaped recovery in the housing market since May....
...At Spain’s Santander, new charges for potential bad loans also slowed....
...The slower rate of new bad-loan provisions in the third quarter matches the trend seen at peers Santander and Barclays....
...Santander chairman Ana Botín has taken a 50 per cent pay cut this year to back a €25m medical equipment fund the Spanish bank is creating to help counter the coronavirus pandemic....
...were based on a “v-shaped” scenario of a sharp shock followed by a rapid recovery....
...Chief financial officer Ewen Stevenson told the Financial Times the bank was expecting a “much sharper” V-shaped recession, with any recovery pushed further out into 2021....
...Deutsche Bank’s main US business got an outright fail in 2018, while its trust bank failed in 2015 and 2016. Santander failed three years in a row, from 2014 to 2016....
...Going forward, the federal government has ordered that only Euro-V standard fuels can be imported. Elsewhere, banks have announced policies to end financing for coal-powered plants....
...The seven office buildings of Centro Canalejas previously served as Banco Santander HQ, where chair Emilio Botín built the bank through a series of acquisitions into one of Europe’s biggest lenders....
...Ana Botín, executive chairman of Santander, the eurozone’s largest lender, said in March that her bank’s earnings could fall as little as 5 per cent this year, in the wake of the pandemic....
...The couple lodged and later settled a mis-selling claim that named five defendants: National Westminster Bank, Royal Bank of Scotland, Investec, Abbey National and Santander. All declined to comment....
...Ana Botín, executive chairman of Santander, the eurozone’s largest lender, told a financial services conference in March that there was a possibility the bank would see only a 5 per cent drop in earnings...
...Most traditional children’s bank accounts will still pay something (the best rate is currently 3 per cent with Santander, but you’ll need a minimum of £300 in the account to earn this)....
...(Forbes) Anna v Andrea It’s one of those boardroom battles that has captivated the global industry....
...We cut Healthcare to MW and tactically move Banks to OW, but keep some downside hedges....
...Rival lenders such as Royal Bank of Scotland and Deutsche Bank are still licking their wounds from botched attempts to shrink their IB units....
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