financialinvestigation
UK bank Lloyds has reported pre-tax profits of £7.5 billion (€8.8 billion) for 2023, soaring by more than 50% from the year before. The bank said on Thursday that changes in interest rates, which the Bank of England has been using to tackle persistent inflation in the UK, were one of the main reasons for the increase in its income. "The Group delivered a robust financial performance, meeting our 2023 guidance, driven by income growth, cost discipline and strong asset quality," Charlie Nunn, the Lloyds Group's chief executive, said in a statement. "This performance enabled strong capital genera...
Euronews (English)
Samsung chairman Lee Jae-yong has been acquitted in a case involving a controversial merger dating back almost 10 years. Lee merged two Samsung affiliates, Samsung C&T and Cheil Industries in 2015 but was accused of manipulating share prices to do so. The merger allowed the billionaire to solidify his control over the tech giant and supported his succession to become head of the company. Lee took over Samsung when his father, former chairman Lee Kun-hee, had a heart attack in 2014. Three years later, Lee was convicted of bribing former South Korean President Park Geun-hye while seeking state s...
Euronews (English)
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