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Transcripts For BBCNEWS World 20240703

Good to see you. The question is, what has gone wrong here . This is a similar situation to the midland bank and its situation some 30 years ago. Bank and its situation some 30 years a. O. Bank and its situation some 30 years ao,. ,. ,. , bank and its situation some 30 years 80. ,. , [iii bank and its situation some 30 years ao. , [iii ,. , bank and its situation some 30 years ao,. , xii,. ,. , ago. Yeah, about 30 years ago midland bank ago. Yeah, about 30 years ago midland bank was ago. Yeah, about 30 years ago midland bank was a ago. Yeah, about 30 years ago midland bank was a bank ago. Yeah, about 30 years ago midland bank was a bank that l ago. Yeah, about 30 years ago i midland bank was a bank that had very little capital, was barely making any money and because it didnt have much in the way of capital or money it was finding it difficult to make any money. I was involved in a project at the time to try to help it to make as good use as a good of the little Capital Letter got in o

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News Highlights: Top Financial Services News of the Day

Investors Are Bailing on Cathie Wood s ARK Fund Once the largest actively managed ETF, the fund has shrunk to roughly $9 billion. Venture Firms Scale Back Megafunds The prolonged.

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Economists Dial Back Outlook for U.S. Recession; Global Economy's Good Luck May Be Running Out

Economists Dial Back Outlook for U.S. Recession; Global Economy s Good Luck May Be Running Out By James Christie Good day. Economists surveyed by The Wall Street Journal have lowered the.

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Transcripts for BBCNEWS Verified Live 20240604 16:42:00

Got rates just under 5% from a lot of the big lenders. 5% is a bit of a tipping point for the housing market, the more mortgage rates go up market, the more mortgage rates go up by for i ve present the boards like like the house rates will fall, not by significant amounts. it s all about how long they stay there. we had this incredible shift in sentiment and mortgage rates going up sentiment and mortgage rates going up in the last few weeks. it all depends on these next few inflation reports. and again how much the bank of england thinks it really needs to push up rates as much as the city expects to get that impact on emplacement two inflation that we heard about earlier. giee emplacement two inflation that we heard about earlier. heard about earlier. give us a ulim se heard about earlier. give us a glimpse of heard about earlier. give us a glimpse of the heard about earlier. give us a glimpse of the type heard about earlier. give us a glimpse of the type of - heard about earlie

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HSBC lowers ambitions on dividends, returns after Covid-led profit fall

HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focussed mainly on wealth management in Asia and the Middle East after posting a sharp drop in annual profit. Citing the low interest rate environment and tough market conditions, HSBC abandoned its long-term profitability goal of achieving a return on tangible equity of 10 to 12%, and said instead it will target 10% over the medium term. The bank said it would pay a dividend of $0.15 a share in cash, the first payout announced since October 2019, after the Bank of England blocked all big lenders from paying dividends or buying back shares in 2020 to conserve capital.

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