Hints and tips:
...Need to know: UK and Europe economy Ex-Tory adviser Iain Anderson is devising a plan for a UK business “partnership” with a future Labour government....
...Now, it’s easy to understand why interest rates matter on financial products like savings accounts....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...This is leading the US Federal Reserve and the Bank of England towards tapering Covid-19 stimulus and has emboldened the hawkish voices on the European Central Bank’s Governing Council calling for ending...
...For many of her clients, Cohn will therefore go to smaller local banks, those that specialise in savings and loans, or credit unions (not-for-profit organisations owned by those who use their services)....
...However, the challenge is that the recovery will be rapid, and progress towards its goals will come sooner than the central bank expects....
...China’s central bank warned several of its largest state-owned banks and Jack Ma’s Alipay to “investigate and identify” bank accounts facilitating cryptocurrency trading and block all corresponding transactions...
...The findings echo analysis from the Bank of England last week, which calculated Britons had saved an extra £180bn in their bank accounts during the crisis, or almost 10 per cent of the UK’s annual gross...
...Federal Reserve chair Jay Powell warned that the pandemic still had the capacity to derail the country’s economic comeback....
...The EU drug regulator is also to launch an investigation next week into whether clinical trials of Russia’s Sputnik V Covid-19 vaccine contravened ethical and scientific standards....
...US bank executives say they have seen minimal interest in a $600bn programme designed to help midsized companies through the Covid-19 pandemic, raising questions about whether the federal response to the...
...The Central Bank of Nigeria is attempting to temper the euphoria with warnings that inexperienced investors could lose their meagre savings....
...going to have a V-shaped recovery”....
...Savings are a necessary cushion, especially in the US, where more jobs have been wiped out....
...The quickest path to make sure that banks keep credit lines open, runs through the Federal Reserve....
...Casting doubt on the merits of a V-shaped recovery is hardly an earth-shattering view....
...The Federal Reserve has rightly moved to allow banks to sell their loans more quickly....
...Beyond rate cuts, Asian central banks have done more to ease liquidity shocks, from Bank Indonesia buying government bonds to the Bank of Thailand creating a corporate bond fund....
...purchases of corporate bonds — at least so far in the case of the US Federal Reserve — explains in part wider credit risk premiums....
...At the same time, the Federal Reserve has unleashed measures — including slashing interest rates, asset purchases, expanded lending facilities and swap lines with foreign central banks — that outstripped...
...Savings are expected to be greater than £100m vs. previous guidance of c£100m....
...My own feeling is that this will not be a V or even a U-shaped recovery, but a downwardly trending W that has a high risk of turning into a L....
...Rotork has the single largest exposure in our coverage (~50% v 60% in 2014 though)....
...Looked at differently, Cyclicals are still priced for a V-shaped recovery, which might not happen....
...TPL has nominated Don Cook, 72, a retired four-star general of the US Air Force who has served on six boards of directors, including the Burlington Northern Santa Fe Railroad, USAA Federal Savings Bank and...
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