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IMF delegates Argentina talks to new officials following criticism from President Milei. Argentine source welcomes change, calling previous negotiator a "leftist". IMF reaffirms commitment to constructive engagement.
The Bank of England announces updated capital requirements for UK banks, aiming to balance financial stability with commercial interests. The changes, set to take effect in 2026, are expected to have minimal impact on lenders.
British banks intensify lobbying efforts against possible tax increases in the upcoming Labour government budget. Finance Minister Rachel Reeves seeks to address a £22 billion fiscal gap amid high bank profits.
Despite a slowdown in SPAC activity, financial institutions continue to engage with these investment vehicles. Private equity firms may play a crucial role in revitalizing the SPAC model through structural reforms.
London's FTSE 100 edges up 0. 1% while FTSE 250 gains 1% amid cautious trading. Markets anticipate Federal Reserve's July meeting minutes and Chair Powell's upcoming speech at Jackson Hole symposium.
Brazil's central bank focuses on lowering risk premium and maintaining policy consistency as leadership change looms. Economic activity surprises positively while inflation concerns persist.
Over 252,000 cases of authorized push payment scams were reported in the UK last year, with 67% of lost funds reimbursed. Banks show inconsistent approaches to victim compensation.
Barclays requests London High Court to reduce a £560M lawsuit related to its dark pool trading platforms. The case, stemming from a 2014 incident, is set for trial in October 2025.