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...Analysts have noted that a deal would dilute BBVA’s emerging market exposure, which accounts for 84 per cent of its earnings, according to Citigroup....
...Apple’s shares are rising in pre-market trading, even though the iPhone maker reported lower revenues for the first quarter of the year and a 10 per cent drop in the sales of its flagship phone....
...Shortly after Raghavan’s move to Citi was announced, JPMorgan sent a memo to employees announcing that Filippo Gori and Doug Petno would become co-heads of global banking: a new division encompassing JPMorgan...
...Citigroup has been in a far worse position after divesting Smith Barney near the market bottom....
...The companies have said that investors need to increase pay levels to hire and retain executives, as they compete in a global market for talent....
...Demand for artificial intelligence bolstered sales growth in Amazon’s cloud computing division at the start of the year, the company said yesterday, as executives laid out plans to spend huge sums to support...
...In a bid to combat investor doubts about the logic of its multi-country presence, Santander last year unveiled a plan to reorganise its business into five global divisions: retail and commercial banking,...
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...Since the MD and VP titles are almost meaningless, you might think that global co-head is also either a vanity title or a piece of marketing. That’s not quite true....
...Last month Citigroup began accepting corporate credit from BlackRock and Schroders as collateral for trades in the repurchase — or repo — market to build their defences against future shocks....
...Duracell batteries to railroad operator BNSF and one of the biggest investors in the US stock market....
...Deloitte has launched the biggest overhaul of its global operations in a decade as the Big Four firm seeks to cut costs and reduce the organisation’s complexity in the face of an expected market slowdown...
...In 2020 she became the first woman in years to run a core operating division at the storied Wall Street bank....
...the US government bond market....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...The hope was that by being nimbler, the UK could steal a march on Europe, particularly in areas of emerging technologies where speed to market is a priority....
...More on McKinsey: Bob Sternfels has been re-elected as the consultancy’s global managing partner after a tougher than expected contest that exposed divisions among its senior partners. 2....
...Chart of the day The widespread drop in global house prices that hit advanced economies has largely petered out, according to a Financial Times analysis of OECD data....
...SMITH BARNEY: Smith Barney. They make money the old fashioned way....
...Truncale beat four other candidates for the top job in November to become the first female global chief of a Big Four firm....
...The recovery in global corporate bond and loan markets began after the Federal Reserve signalled it sees a path to cutting interest rates later this year....
...For Barings, which was well established in both the US and European markets, the mass defection has caused ructions at its $33bn private credit division....
...The founders and top executives at firms like Blackstone, KKR and Apollo Global Management have enjoyed a more than $40bn increase in the value of their shares since the beginning of last year, as the assets...
...Minutes of this week’s meeting also indicated continuing divisions within the MPC, noting a “range of views” on how persistent inflation is likely to be and how much evidence is needed for a rate cut....
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