Hints and tips:
...“The amalgamated bill has constitutional problems and invites forum shopping. It’s super easy to scratch out New York governing law from a bond contract and write in Texas....
...Hilco has received the almost £40mn it was owed, as has Barclays bank, which was owed £2.4mn....
...KKR-backed financial communications group FGS Global has acquired Canadian advisory Longview Communications and Public Affairs and its 30-person staff....
...Moreover, the WSJ also wrote a whole story about Amalgamated Bank, which has (1) unrealised losses that account for all its equity and (2) a high share of uninsured deposits, where . . . nothing happened...
...Chris Watling, chief executive at research company Longview Economics, sees the breakdown as a consequence of financialisation....
...US hedge fund magnate Daniel Och has already made his mind up about the abilities of Sculptor Capital boss James Levin....
...Amalgamated Bank said it would cover plane fares and hotel expenses for employees and their dependants who needed to travel out of state to access reproductive healthcare....
...This is the second-highest peak in 150 years, says Chris Watling of Longview Economics, a consultancy....
...While Stoxx 600 banks as a group have risen 35 per cent this year, they still remain cheap when viewed in terms of the value of their balance sheets....
...One-quarter of his equity dividend fund are investments in global large companies....
...A great battle of the hedge funds is brewing — a scrap between investors in Lloyds Bank but by extension also a battle for Britain....
...With fund managers’ cash holdings now back down to pre-coronavirus levels, according to the Bank of America global fund managers’ survey, a wobbly period may be due....
...Indeed, part of the reason for the rich valuations in today’s markets, according to Longview Economics, a research boutique, is that ever more newly-created money is chasing an ever-shrinking pool of investable...
...Other US companies followed, including Amalgamated Financial, the first publicly traded financial services company to make the change....
...Still, the bank expects more purchases by multi-asset funds and other non-traditional equity investors, a group they estimate has been the largest domestic buyers of European equity in recent years....
...This could create problems for the swap dealers, which are the other side of the trade and are also big bullion banks....
...Ultimately, this boils down to how much the European Central Bank wants to close the bond yield spread?...
...There is plenty of scope for a broad-based rally as shown here by Longview Economics....
...If you anticipate having higher costs when you relaunch, or needing money to fund a reopening for other reasons, have you talked to your bank about a regular loan for that?...
...Indeed, the latest weekly flows were the largest seen for bond funds (at $23.6bn) notes Bank of America, and the group adds that the current pace of inflows to bonds is running near $1tn in annualised terms...
...Earlier on Thursday, the yield on the two-year US Treasury note fell to a record low of 0.14 per cent, while a Fed funds futures contact for 2021 implied a negative interest rate for the central bank’s overnight...
...Here’s a look at the latest rates set by leading central banks via Brown Brothers Harriman....
...Sustained large credit fund outflows will eventually prompt an easing response from central banks....
...borrow short and lend long, are not as heavily exposed to corporate debt as investors, such as insurance companies, pension funds, mutual funds and exchange traded funds....
...Longview Economics highlights Bank of Japan data that shows “outstanding investments in overseas credit products by financial institutions is now equivalent to over 7 per cent of total banking system assets...
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