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...The advance mirrored moves on the other side of the Atlantic, where stocks in the UK and Europe rose as the Bank of England stirred hopes it could loosen monetary policy this summer if inflation stays low...
...Shares in New York Community Bank, which last year bought the failed Signature Bank in a government-assisted deal, plunged as much as 45 per cent on Wednesday morning, after it reported a surprise fourth-quarter...
...That division will now be known as the commercial and investment bank after Dimon merged it with JPMorgan’s commercial banking division. Doug Petno will remain chief executive of the commercial bank....
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...New York Community Bancorp’s core deposits shrunk by about $8bn, or nearly 40 per cent of its total uninsured deposits, in February and early March, the lender said on Thursday....
...In a wide-ranging interview on Tuesday at the Economic Club of New York, Dimon said the state of the US economy was “unbelievable” and had been “booming for a while”....
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