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(1 July 2024 – Australia) Dealogic reports that UBS is heading merger and acquisition (M&A) dealflow ahead of major rival Bank of America (BofA) to top the Australia/NZ league table in H1 2024.
(28 June 2024 – France) The European Central Bank (ECB) will have its first real test of its ability to contain potential economic contagion from a French political and sovereign debt crisis.
(28 June 2024 – Australia) Suncorp Group has welcomed the Australian Federal Treasurer Jim Chalmers approval of ANZ’s proposed acquisition of Suncorp Bank under the Financial Sector Act.
(27 June 2024 – Hong Kong) The Chinese Renminbi (RMB) is facing its highest level of capital outflow in eight years despite a surge in offshore RMB remittances from Hong Kong (HK) to mainland China, offsetting some of the currency’s building downward price pressure to depreciate further.
(27 June 2024 – Belgium) Swift is launching two pilots to test the practical application of artificial intelligence (AI) to enhance fraud detection in payments in collaboration with the group’s global payments community.
(26 June 2024 – Australia) Deutsche Bank has announced a new Head of Fixed Income and Currencies Macro Sales.
(26 June 2024 – Global) While bank merger and acquisition (M&A) activity remains relatively subdued, the value of deals that got over the line in recent months were in aggregate substantially larger.
(25 June 2024 – Global) Fitch Ratings has scaled up its world growth forecasts for 2024 as confidence in European recovery prospects improve, China’s export sector recuperates and domestic demand in emerging markets excluding China displays positive signs.
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