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...Trading emerged as a bright spot for many banks in first-quarter earnings reported over the past week, with revenues from stock and bond trading faring better than analysts were expecting at JPMorgan Chase...
...to using development banks to fund nuclear projects, said Grossi....
...The Australian-born Robinson began trading derivatives in the early 1990s, first at investment banks and then at hedge funds....
...First, the BoJ has begun signalling that “normalisation” does not, in any immediate sense, open the gates to progressive interest rate rises....
...Trading and investment banking helped lift Deutsche Bank to its highest quarterly profits in 11 years in the first three months of 2024, as global dealmaking started to pick up after a two-year long slump...
...Japan will also become the first country donor to the bank’s Livable Planet Fund, with a pledge of $20mn....
...Fund managers, like all of us, may well enjoy having their views confirmed rather than challenged. This is unsettling on two scores....
...In all, banks’ share of private lending in the US economy has fallen from 60 per cent in 1970 to 35 per cent last year, according to a new National Bureau of Economic Research paper....
...The problem is that it expects all this should be done behind closed doors. It is not difficult to do it in public. The Office for Budget Responsibility does. I do the same in this newsletter below....
...Multilateral development banks right now are the only game in town.”...
...After all, the damage was contained to a handful of failed lenders, the sector has stabilised and the KBW regional banks index has regained most of its losses. Such insouciance would be a mistake....
...It is the first time Handler has sold shares in the bank where he started his career 34 years ago other than for charitable or tax purposes. Read more on the yacht and Fertitta....
...Chinese hedge funds and other speculators have also piled in....
...Having said that, the advantage that they do have those relationships is that they’re people that the US and others can talk to and can think about how they might be able to play a role, first of all, in...
...Bond funds therefore tend to sell their best, most liquid bonds first to meet a rush of redemptions (because these will sell at the lowest discount)....
...First of all, it makes zero sense when you are the only one speaking on the panel, your name is all over the programme and you’re the only one listed as speaking under the Chatham House Rule....
...I was dubious and a tad overwhelmed at first, but even managed to fall asleep while she struck a metal bowl just centimetres from my head....
...In all, BofA’s net profit fell to $6.7bn in the first three months of the year from $8.2bn a year earlier, the Charlotte-based lender said. Revenues in the period slipped 1 per cent to just below $26bn....
...Blackstone Group’s $60bn property fund met all of its investors’ redemption requests in February, marking the first time it did not limit such withdrawals in more than a year....
...And actually the small increase in terms of return that you get on a prime fund versus a government-focused money market fund, maybe the stakes aren’t worth it in terms of all the administrative work and...
...Investor eagerness to allocate more money to the hedge fund industry’s costly mega-managers has driven up average fees for the first time in a decade....
...Companies such as Walmart, Uber and Marriott International have all joined the digital ad gold rush in recent years....
...monarch, George V at the Empire Exhibition in London, and the first commemorative stamps being issued in Great Britain....
...And that’s not all. There’s also a trio of JPMorgan Hedged Equity Funds (mutual funds each with somewhat different reset dates) that together manage another $25.6bn....
...Founder and chief executive of Millennium Izzy Englander has tapped several of the bank’s partners for jobs at his $62.2bn hedge fund, which increasingly resembles the markets division of a global bank....
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