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Nomura shares sink 7% after earnings plunged

Bloomberg Nomura Holdings Inc shares fall after earnings plunged and Japan’s largest brokerage took a $341 million provision for an ongoing legal case. The stock declined 7.1% in Tokyo on Monday. The firm said it’s set aside 39 billion yen for the transaction in the US that dates back to before the global financial crisis, after reporting a 95% slide ...

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UK banks up mortgage costs

Bloomberg UK high street banks start raising mortgage costs ahead of the Bank of England’s interest-rate decision next week amid signs of resurgent inflation. Barclays Plc is increasing a 2-year fixed rate by 0.35 percentage point, which follows similar moves by lenders including HSBC Holdings Plc, NatWest Plc and Lloyds Banking Group Plc. The increase in borrowing costs threatens a ...

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NatWest shares fall as margin pressures overshadow profit rise

Bloomberg NatWest Group Plc beat profit forecasts in the third quarter, yet shares in the British lender fell as analysts highlighted a squeeze on loan margins and the bumpy transformation of its markets unit. The UK’s biggest corporate lender said operating profit before tax rises to $1.5 billion, almost double analyst estimates compiled by Bloomberg. While demand for home loans ...

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