JPMorgan’s market capitalisation is now greater than that of the top ten euro-zone banks, underlining the enormous gap in progress that EU banks have made since the global financial crisis. One policy response to that, in 2014, was the launching of the capital markets union (CMU) which was headlined by…

FRANKFURT (Reuters) – Euro zone lending continued to stagnate in March and consumers trimmed their inflation expectations as record-high borrowing costs kept putting the brakes on the euro zone’s economy, European Central Bank (ECB) reports showed on Friday. The data was likely to cement the ECB’s plan to start cutting…

In a recent earnings call, the company reported its strongest financial performance in 19 years for the 24 weeks ended March 2, 2024, with CEO George Weston and CFO Eoin Tonge presenting a robust outlook. The company’s strategic investments, including a significant expansion of Primark’s retail space and advancements in…

POLITICS

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The Department of Justice doubled down on its decision to not release the audio files of President Joe Biden’s interview with special counsel Robert Hur to House Republicans, stating that Republicans have not established a legitimate legislative purpose for demanding these recordings, in a new letter obtained by CNN. The letter from DOJ Assistant Attorney General Carlos Uriarte to House Oversight Chair James Comer and House Judiciary Chair Jim Jordan sets up a showdown with Republicans who have continued to threaten holding Attorney General Merrick Garland in contempt of Congress for not releasing the audio recordings of the interviews Hur…

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When Minouche Shafik was announced as Columbia University’s president last year, she was called the “perfect candidate” by the chair of Columbia’s Board of Trustees. Now, some of her own students and professors, as well as the speaker of the House of Representatives, are calling on her to resign. Just…