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British music fans have lost more than a million euros in counterfeit money scams on social networks, according to Lloyds Bank. The British retail and commercial bank has issued a warning to fans after analysing reports of customers who have been scammed since tickets went on sale last year. More than 600 Lloyds Banking Group customers have reported being conned since Taylor Swift tickets went on sale in July 2023. Each victim lost £332 (€389) on average, though in some cases the loss was more than £1,000 (€1,170), according to Lloyds. With the figures based solely on its own customer data, th...
Euronews (English)
UBS Chief Executive Officer Sergio Ermotti earned 14.4 million Swiss francs (€14.7 million) in compensation for his nine months on the job in 2023, according to the bank's annual report. This is more than what the CEO of HSBC, Europe's biggest bank, received last year, sending Ermotti to the top of the best-paid European bank executives' list. He rejoined UBS in April 2023 to orchestrate the multi-year work of the emergency takeover of Credit Suisse, after serving as CEO of the banking group from November 2011 to October 2020. Ermotti's pay package is more than that of HSBC's Noel Quinn (€12.4...
Euronews (English)
Four of the biggest Chinese banks sit on top of the list of the world’s 500 most valuable banking brands, leaving US and European lenders well behind, according to a new report from brand valuation consultancy Brand Finance. For the eighth consecutive year, the top spot on the world’s top 500 banking brands’ list has been awarded to the ICBC (Industrial and Commercial Bank of China). The lender increased its brand value by 3% to $71.8 billion (€65.77 billion), roughly the equivalent of the nominal GDP of Slovenia. What are shadow banks and why are they failing in China?Significance of brand va...
Euronews (English)
Shares in Barclays climbed 4.77% on the London Stock Exchange in early trade after the bank reported its latest financial results \- and announced an extensive structural overhaul. Total group income rose by 2% to £25.4 billion, although the fourth quarter contribution of £5.6 billion was shy of the expected £5.8 billion. Net interest income (NII), meanwhile, jumped by 20% to £12.7 billion year-over-year, with higher interest rates continuing to provide a tailwind. Pre-tax profit for 2023 came in at £6.6 billion, falling from £7 billion in 2022. Denmark's GDP soars thanks to growing pharma sec...
Euronews (English)
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