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...Capital One filed an application to complete the transaction to the Federal Reserve and the Office of the Comptroller of the Currency. The Fed sent back a list of questions last week....
...Holden said the seat is one aspect of union bargaining proposals aimed at ensuring the company is building safe aeroplanes. “It’s very complex to build aeroplanes,” he said....
...“This of course is a joke in any civilised country, but the Swiss authorities seem to enjoy these petty tactics of frustration,” one claimant told the FT....
...Suisse one year ago....
...Most of the people who said there was excess return to be harvested argued, in one form or another, that those returns were functions of frictions in lending markets, frictions private credit funds could...
...Industry association Sifma argued in a public comment before the rule was adopted that the FTC did not have the power to regulate banks and credit unions....
...UAW’s landslide victory in Chattanooga raises its hopes that it can repeat its success at Mercedes-Benz in Alabama, where federal labour officials have scheduled a union election next month....
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...Slok: There are four reasons why credit spreads are so tight. By far the most important one is that the Fed is now telling me that inflation is no longer a problem....
...Markets are now pricing in a September reduction in borrowing costs, with the possibility of one more quarter-point cut in the remainder of 2024....
...the chair of the Federal Deposit Insurance Corporation has warned....
...One good read “In this world, if you’re at €95mn, you’re at €100mn.”...
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company....
...start cutting its benchmark deposit rate from its record high level of 4 per cent in June, there is more doubt over the pace and total amount of policy loosening that will follow — especially if the US Federal...
...In his final State of the Union address before November’s election, Joe Biden last night outlined his legislative agenda for a second term in a pugnacious, overtly political speech....
...Italy is expected to be one of more than 10 EU countries that would breach the bloc’s new fiscal rules that aim to limit annual deficits to 3 per cent and total debt to 60 per cent of GDP, which could result...
...This chart below uses the Federal Reserve’s senior credit officer survey net level as the proxy for credit availability....
...President Joe Biden’s landmark climate law, the Inflation Reduction Act, included tax credits to help make its expensive development more viable. New gas plants will face these rules starting 2032....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...“You’ve got monetary policy on one side trying to slow the economy and you’ve got fiscal policy batting against it on the other, with the potential for tax cuts and employee retention credits totalling over...
...The bureau also said that smaller credit card issuers offered cheaper interest rates compared to larger rivals, including Capital One....
...One study by the Federal Reserve in 2023 found that while credit card ownership was lowest among the smallest earners, the ones that did have a card were more likely to carry a balance....
...The Science-Based Targets initiative, a voluntary standard-setting body that judges the quality of net zero targets set by industries including aviation, is divided about the benefits of using carbon credits...
...This is where corporate purchases of carbon credits could have a crucial role to play....
...Capital One Financial, which is buying rival Discover Financial Services, is up 50 per cent. Americans held more than $1.1tn on their credit cards at the end of 2023, an all-time high....
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