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...Chris Wright, co-author of The Millionaires’ Factory, a book about the bank’s rise, said the acquisition was a bold move. “Constellation was a big deal but the world was falling apart....
...The bottom lines at Comerica, based in Dallas, Texas, Zions Bank, based in Salt Lake City, Utah, and PNC in Pittsburgh, Pennsylvania, fell roughly 90 per cent, 55 per cent and 40 per cent, respectively....
...But, in Texas, where two laws barred municipalities from doing business with banks that boycott fossil fuel and firearms companies, this has ended up costing taxpayers millions of dollars in extra interest...
...Recently these included a 9mm Glock with ammunition for $500, Bolivian cocaine for $1,000 an ounce and fraudulently cloned bank cards for $5,000....
...New York has sued 17 bus companies for bringing thousands of migrants to the city from the Mexican border at the behest of Texas governor Greg Abbott....
...Sunak received £172,415 in dividends, just £690 in interest on investments and £293 in bank interest in the year....
...Credit Suisse executives had been braced for protests from Swiss citizens at the meeting after the bank was rescued by its rival UBS two weeks ago in a contentious takeover....
...Options investors are pricing in share price swings of more than 10 per cent on two of the first regional banks to report results later this month: Utah’s Zions Bancorp and Texas-based Comerica....
...The KBW bank index added a further 0.3 per cent, having risen 2.5 per cent on Monday as regulators confirmed First Citizens Bank would purchase part of the collapsed SVB....
...The gains in US bank shares came as regulators confirmed First Citizens Bank would buy much of the collapsed Silicon Valley Bank, although it would lead to $20bn of losses for a deposit insurance fund paid...
...The KBW Nasdaq Bank index gained 1.7 per cent....
...Brent crude hit $95 a barrel yesterday, and West Texas Intermediate rose above $90 last week. Here to talk to us about this is the FT’s US energy editor Jamie Smyth....
...Stonybrook Capital, a US investment bank, has estimated total costs for the industry at $75bn....
...And yet gargantuan leaks — from banks, tax authorities, secret agencies and more — keep happening....
...Her remarks led to a rise in the price of West Texas Intermediate....
...The manoeuvre is known as the Texas two-step and seeks to exploit loopholes in the legal system but judges are beginning to crack down....
...By the 1980s and 1990s, companies like Texas Instruments and Infosys were connecting skilled Indian workers to the world, building a globally competitive service sector, which is an engine of the economy...
...As always you can reach me at sid.v@ft.com....
...Also, central bank’s monetary policy committee rate-setting meeting....
...Tim Finch, a consultant working with Citizens UK, an alliance of community activists, said there was both a large demand for shelter and supply of accommodation....
...She was bank holidays and Christmas and those times which are quite fun to be around....
...For example, in Roe v Wade, a woman known as Jane Roe found out she was pregnant in Texas, where abortion was prohibited at the time. So she sued and the case went all the way up to the Supreme Court....
...Investors expect to hear detail on consumer demand and the status of its production ramp-up at new factories in Texas and Germany....
...This 12-digit ID, carrying your fingerprints and iris scan, helped revamp India’s corruption-riddled benefit system and let more citizens do things like open bank accounts....
...One grandfather had been governor of the central bank, his signature appearing on Iraq’s banknotes. Aged nine, he watched his father Hareth flee Baghdad....
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