LONDON, June 20 (Reuters) – Aircraft leasing firms have struck settlements with Russia totalling around $2.7 billion for over a quarter of the roughly 400 aircraft stuck in the country since Moscow’s invasion of Ukraine in 2022. In return, international…
Read moreFRANKFURT, June 20 (Reuters) – Germany has fined Citigroup nearly 13 million euros ($13.94 million) for lapses in its trading system controls, the nation’s bank regulator said on Thursday, as its consumer protection division imposed its largest penalty ever. It…
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J Sainsbury SBRY 0.69%increase; green up pointing triangle is selling its core banking business to NatWest Group NWG 1.54%increase; green up pointing triangle for an undisclosed sum, as part of its previously announced plan to withdraw from the segment and focus on its retail business. The U.K.’s…
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ZURICH, June 20 (Reuters) – Switzerland’s financial regulations need further strengthening following the takeover of Credit Suisse by UBS, the Swiss National Bank said on Thursday, pressing for more to be done on capital and liquidity requirements. Credit Suisse roiled…
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LONDON, June 20 (Reuters) – NatWest (NWG.L), opens new tab has struck a deal to acquire most of the banking business of UK retailer Sainsbury’s (SBRY.L), opens new tab, the companies said on Thursday, in a deal that would increase the British lender’s…
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National Bank of Canada NA -0.01%decrease; red down pointing triangle agreed to acquire Canadian Western Bank CWB 0.50%increase; green up pointing triangle in a share-swap deal valued at about 5 billion Canadian dollars ($3.63 billion), aided by a sizable investment from one of North America’s biggest pension…
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Investment managers view generative artificial intelligence (GenAI) as the “holy grail” to create value, but the availability of data and cultural change are some of the main challenges, according to a Citigroup executive. The industry has applied AI via a…
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WASHINGTON, June 17 (Reuters) – President Joe Biden’s campaign will target Republican challenger Donald Trump’s felony convictions as part of a $50 million ad campaign ahead of the first presidential debate between both candidates on June 27. The move, one of the largest advertising…
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FRANKFURT, June 19 (Reuters) – Hundreds of thousands of bank employees in Europe’s largest economy are fighting for pay increases of up to 16% to cope with rising living costs and unions are warning of possible strikes. Pay negotiations for…
Read moreJune 18 (Reuters) – One of the world’s largest technology funds is set to ramp up its exposure to Nvidia (NVDA.O), opens new tab, which has become the world’s most valuable company following a blistering run in its shares. The $72.34…
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