{
}
The CEOs of four major UK banks, including HSBC and Lloyds, have urged the Chancellor of the Exchequer to eliminate ring-fencing rules. They argue that these regulations, which separate retail banking from investment activities, hinder their ability to support the economy and are now unnecessary.
EVP Jane Karpinski sold 2,262 shares of Northern Trust stock for $251,828, reducing her holdings by 11.60% to 17,236 shares valued at $1.92 million. Analysts have adjusted price targets, with a consensus of $110.83, while insiders sold 35,335 shares worth nearly $4 million in the last 90 days. Northern Trust reported a quarterly EPS of $1.90, exceeding estimates, and announced a quarterly dividend of $0.75, yielding 3.31%.
Bosses of HSBC, Lloyds, Natwest, and Santander UK have urged the Chancellor to abolish bank ring-fencing in a recent letter. Banco Santander, Spain's largest banking group, operates in commercial banking, investment banking, and asset management, managing over EUR 1 trillion in deposits and credits through a global network of 8,011 branches.
Glarner Kantonalbank has received strong support from shareholders at its Annual General Meeting, with all proposals passing and a substantial dividend of CHF 1.00 per share approved, amounting to 55.6% of the balance sheet profit. Chairman Urs Gnos emphasized the bank's commitment to shareholder returns and stability in a challenging banking environment, while the management team remains unchanged, ensuring continuity.
Cars24 has announced the layoff of 200 employees as part of a strategy to tighten its hiring plans. This decision reflects the company's efforts to streamline operations amid changing market conditions.
The Shanghai Motor Show has become the world's largest automotive event, attracting nearly a million visitors and showcasing over 100 world premieres, including electric vehicles and futuristic flying cars. China's strategic investments and regulatory support have positioned it ahead of European competitors, as the country emphasizes innovation in mobility and electric vehicle technology. In contrast, Europe struggles with fragmented motor shows, with the Geneva event now closed and the IAA Mobility held biennially.
Huawei has made significant progress in the Chinese PC market, shipping approximately 4.3 million units in 2024, securing an 11% market share and becoming the second-largest notebook maker. The company is transitioning to its self-developed HarmonyOS, moving away from Windows due to expiring licenses and U.S. sanctions, with plans to launch HarmonyOS PC next month. Meanwhile, Huawei has introduced several MateBook Linux Editions, allowing users to install Windows if desired without losing other features.
Elon Musk's xAI Holdings is reportedly in discussions to secure $20 billion in funding, according to Bloomberg News. This move highlights the company's ambitions in the artificial intelligence sector as it seeks to expand its operations and influence.
[Source]
VP Bank's 62nd Annual General Meeting was held on April 26, 2025, at the Spoerry-Areal, with 380 shareholders in attendance. All motions were approved by a clear majority, and the meeting proceeded without any incidents.
Corporate News
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UK bank CEOs urge government to abolish ring-fencing regulations
British Pound Sterling
HSBC Holdings plc
Banco Santander SA
Lloyds Banking Group plc
NatWest Group plc
GBR
Georges Elhedery
Charlie Nunn
Mike Regnier
Rachel Reeves
Paul Thwaite
Show more
10:55 26.04.2025
northern trust executives sell shares as analysts adjust price targets
09:57 26.04.2025
banking leaders urge chancellor to eliminate bank ring-fencing regulations
09:40 26.04.2025
Glarner Kantonalbank announces strong dividend and management continuity at AGM
09:15 26.04.2025
Cars24 reduces workforce by 200 and revises hiring strategy
08:03 26.04.2025
China's Shanghai Motor Show Showcases Future of Mobility and Innovation
07:59 26.04.2025
huawei captures 11 percent market share with 4.3 million pc shipments in 2024
06:40 26.04.2025
Elon Musk's xAI Holdings seeks to raise 20 billion dollars
06:37 26.04.2025
NetEase executive departure signals shift towards domestic focus and profitability
NetEase, Inc.
Microsoft Corp
Devolver Digital, Inc.
CHN
William Ding
Zhipeng Hu
Ken Link
Simon Zhu
Show more
06:00 26.04.2025
vp bank annual general meeting sees unanimous approval of all motions
06:00 26.04.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Retail and Consumer Goods
Startups & Entrepreneurship
Finance Mergers & Acquisitions
Global Financial Events
CEO Changes
Financial Scams and Security
Market Analysis and Predictions
Banking Regulations
Hedge Funds & Private Equity
AI Innovations
Central Bank Actions
Global Trade Developments
Industry Mergers & Acquisitions
Government Policies
Workplace Trends
Supply Chain Management
Government Economic Policies
Countries:
Companies:
Tesla, Inc.
Wells Fargo & Company
Barclays PLC
Apple Inc.
Bank of America Corporation
The Goldman Sachs Group, Inc.
NatWest Group plc
NVIDIA Corporation
JPMorgan Chase & Co.
Lloyds Banking Group plc
HSBC Holdings plc
Mastercard Inc
Visa Inc.
Santander UK plc
Citigroup Inc.
Morgan Stanley
Nintendo Co., Ltd.
Berkshire Hathaway Inc.
Rolls-Royce Holdings plc
Mercedes-Benz Group AG
Currencies:
United States Dollar
Chinese Yuan
Euro
British Pound Sterling
Swiss Franc
Japanese Yen
Indonesian Rupiah
Indian Rupee
United Arab Emirates Dirham
Offshore Chinese Yuan
Singapore Dollar
Qatari Riyal
South Korean Won
Jordanian Dinar
Brazilian Real
Saudi Riyal
People: