Hints and tips:
...well in Asia....
...Institutional activity is muted, in part because they usually require more in terms of market depth, credit and settlement from banks as well as technical support and specialist professional help to ensure...
...FTX’s employees paid hundreds of millions of dollars for property in the Bahamas where the firm was located, $135mn for naming rights to a Miami basketball stadium and even racked up a $55,319 tab at the...
...From the SEC’s complaint: From the start of FTX’s operations in or around May 2019 until at least 2021, FTX customers deposited fiat currency (eg, US Dollars) into bank accounts controlled by [FTX’s affiliated...
...A second account that she used for payroll, with $1.2mn, stayed in the non-profit’s name. About a week after Gold’s sentencing, Gilbert dropped her off at the Federal Detention Center in Miami....
...In general, consolidation driven by the costs of regulation and technology tends to favour big well-capitalised groups, such as the Swiss specialist wealth banks, US investment banks and universal banks...
...European banks have struggled to compete with US rivals like JPMorgan Chase, Bank of America and Wells Fargo. 3....
...Econtribute predicted a loss in gross domestic product of between 0.5 and 3 per cent — less than the 4.5 per cent drop the country sustained in 2020 at the start of the pandemic....
...Consumer prices rose 4.8 per cent in the year to August, well above the central bank’s 3 per cent target....
...“The income is significant and no doubt creates a stake the military will defend at almost any cost, but for now it’s the role that’s most crucial.”...
...Well, there’s no need for us to imagine anymore....
...To sellside, and Metro Bank goes down to “sell” at Investec. The upshot is that in spite of everything it remains as close to becoming a functioning metro as a functional bank....
...The axiom that bank debt is practically inaccessible for growing companies made me doubt it would be useful for us. But, more importantly, where’s the VAT cut?...
...Further reading ● Wells Fargo to pay $3bn for fake-accounts scandal Intel is due to begin its fight against the 2009 EU antitrust ruling at Europe’s second-highest court on Tuesday....
...According to the IMF, 61.7 per cent of central bank reserves were held in US dollars at the end of 2018....
...An artificially depressed bond market is bad for corporate lending books, which account for 70 per cent of Eurozone corporate funding versus 30 per cent in the US, CS says....
...views of BP ($55/bbl) and Shell ($60/bbl)....
...Overall, we expect a 4% decline in US GAAP EBIT in FY21 but forecast 10.4% and 10.0% FY21-24 EBIT and EPS CAGR. We expect NG's UK assets to re-rate by 15% with final determinations in December....
...[E]veryone will have to cut production, there are no other options and certainly no place for free riders Our revised oil supply/demand model (after taking account of OPEC+ cuts in May/June and a Q2 demand...
...(FT) Top level departures at Wells Betsy Duke, chairman of Wells Fargo, and James Quigly, head of the bank’s audit and risk committee, have both resigned ahead of a scheduled appearance before the Democrat-controlled...
...Primary consumer checking accounts and US business loans — two areas the bank had prioritised in its recovery — grew at 1 and 4 per cent, respectively, both slightly slower than in the fourth quarter of...
...Taking the company at face value, it is hard not to see a healthy deceleration in the US....
...in the last 4 weeks....
...Banking on Big Tech Google is talking to US banks about offering current accounts to its customers, accelerating Silicon Valley’s incursion into financial services after Apple’s credit card launch and Facebook...
...With real sovereign bond yields now strongly in negative territory in the G10 (except in Italy), a 6.4% US equity risk premium (read: super cheap equities relative to bonds) is a reason for maintaining some...
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