SAYS WILL ADDRESS POTENTIAL STAFF REDUCTIONS ARISING FROM NEW COST-CUTTINGS IN SPAIN IN THE FUTURE CHIEF FINANCIAL OFFICER LEOPOLDO ALVEAR SAYS THE BANK EXPECTS TO ALREADY REACH AN AROUND 12% CORE CAPITAL RATIO BY END-2021 Source text for Eikon: Further company coverage: (Reporting By Madrid Newsroom)
The Biden administration's proposals to raise taxes on corporations and wealthy Americans would increase revenues by nearly $2.4 trillion over a decade, after backing out hefty tax deductions and credits to support clean energy, children and families, the Treasury said on.
Safe-haven assets such as cash and gold funds drew investors during the week to Wednesday, BofA's fund flow statistics showed on Friday, a sign of growing concern over inflation and the potential roll back of central bank stimulus.
Ryanair's relations with Portugal will suffer because of the Irish airline's campaign to try to block state aid for struggling Portuguese rival TAP, Portugal's infrastructure ministry warned on Wednesday.