Hints and tips:
...The bank also bought most of failed US lender First Republic last year....
...It shipped the first commercial cargo of LNG, from Algeria to the UK, in 1964 and later that decade was instrumental in developing the Asian LNG market as a partner in Brunei LNG....
...SMBC, Japan’s second-biggest bank, first agreed to take a stake of up to 4.9 per cent in Jefferies in 2021 and now plans to raise its ownership to as much as 15 per cent by acquiring shares on the open market...
...The start of the year is typically a strong period for banks’ trading businesses with clients returning in January and taking new financial bets, but markets have lacked much of the frenzy of the past few...
...Donald Trump is losing support from small donors, US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, and Barclays updated investors on its strategy for the first time in eight...
...The last significant US bank to fail was First Republic, which was closed by the Federal Deposit Insurance Corporation in early May....
...Dangote disputed the suggestion, telling the Financial Times last month: “I don’t think NNPC needs to buy more shares. I think they’re OK with what we’ve given them.”...
...The Financial Times reported last week that JPMorgan has stepped up the pace at which it is securitising billions of dollars of its loan portfolio in anticipation of the new rules....
...Additional reporting by Joshua Franklin in New York...
...Bank of New York Mellon’s second-quarter net interest income of $1.1bn was up 33 per cent year on year but 2 per cent lower than in the first quarter....
...A barrister called Julian Wilson, instructed by board members to investigate claims against Tripathi, produced a report on the allegations last July....
...It is also sanctioning Turkey’s Ice Pearl Navigation Corp, whose Yasa Golden Bosphorus ship handled Russian crude bought for more than $80 a barrel....
...Players continue to flock to GTA V a decade after it was first released, thanks to a steady stream of new content and add-ons from its developer, Rockstar....
...“I don’t think we go back to 2022 [levels],” Eni chief executive Claudio Descalzi told the Financial Times....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...My colleague Josh Franklin reported this week that JPMorgan Chase, for example, was planning to pick up the pace at which it securitises and sells off consumer loans in advance of the rule changes....
...Anand previously served as the group’s chief operating officer and chief financial officer. Vanderhaegen will become executive chairman....
...Additional reporting by Joshua Franklin...
...Michael Feroli, chief US economist at JPMorgan, said the more than $300bn of loans extended by the Fed to financial institutions was “about half of what was being extended in the” great financial crisis...
...First Republic will report on April 24....
...It costs the financial system significantly — and especially community banks....
...The first job of Signature’s new owners will be to try to regain the confidence of its once-loyal customers....
...The rapid unravelling of Looney’s position began just last week with new allegations that he had undisclosed relationships with colleagues, the FT’s Tom Wilson and Anjli Raval found....
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