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Brexit gives $228bn boost to balance sheets of Irish banks

  Bloomberg The balance sheets of Ireland’s biggest banks have risen by two thirds since the Brexit vote, the latest data to demonstrate how Europe’s financial landscape is shifting following the UK’s departure from the European Union. Banks in Ireland regulated by the ECB’s Single Supervisory Mechanism (SSM) saw their balance sheets increase from 300 billion euros ($342 billion) in ...

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Credit Suisse ousts its chairman after quarantine probe

  Bloomberg Credit Suisse Group AG’s Chairman Antonio Horta-Osorio resigned after just nine months in the role, following a series of missteps including reported breaches of Swiss and UK quarantine rules that eroded confidence in his leadership. His departure follows an investigation commissioned by the board, Zurich-based Credit Suisse said in a statement. The bank named board member Axel P. ...

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Goldman, BofA bankers stranded by Hong Kong’s Covid flight ban

  Bloomberg Executives at banking giants including Goldman Sachs Group Inc. and Bank of America Corp. are struggling to return to Hong Kong after the city banned flights from eight countries, part of an outlier Covid Zero strategy that’s threatening its appeal as financial hub. At least a dozen Hong Kong-based managing directors at banks, also including Morgan Stanley and ...

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