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BANKING NEWS

Banks in U.K. Paid $42 Billion in Tax Last Year, BBA Study Finds

Banks in U.K. Paid $42 Billion in Tax Last Year, BBA Study Finds
By Stephen MorrisInternational banks in Britain paid $21 billion to Treasury Report comes amid bank lobbying for tax cuts after Brexit Banks in the U.K. paid 34.2 billion pounds ($42 billion) in tax in the latest fiscal year, 9 percent more than a year ...

HSBC profits fall almost 50% in 2016

HSBC profits fall almost 50% in 2016
By Jill Treanor Pre-tax profit was $10.6bn, down from $19.7bn a year ago, thanks to the sale of its Brazilian unit and currency movements HSBC’s profits fell almost 50% in the first nine months of the year when Britain’s biggest bank was knocked by ...

BUSINESS Monte dei Paschi set to name shareholder Falciai chairman: sources

 BUSINESS Monte dei Paschi set to name shareholder Falciai chairman: sources
MILAN: Italian lender Banca Monte dei Paschi di Siena is set to appoint businessman Alessandro Falciai as its new chairman and the decision may be announced this weekend, two sources close to the matter said on Saturday. Falciai, a Monte dei Paschi board ...

UBS has completed most of cost savings in wealth management: paper

UBS has completed most of cost savings in wealth management: paper
ZURICH: UBS has completed most of the cost savings at its flagship wealth management division with around 400 positions eliminated, the unit's president, Juerg Zeltner, said in an interview published on Saturday. "Due to the decline in earnings, we had to ...

Italian bank Monte Paschi gambles on turnaround by year-end

Italian bank Monte Paschi gambles on turnaround by year-end
By Silvia Aloisi and Paola Arosio | MILAN Italian lender Monte dei Paschi di Siena plans to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion euros ($5.4 billion) cash call that could ...

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Who's behind the blog

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