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...Some of the documents published on Monday by Trump’s legal team show that Deutsche Bank, one of his top lenders, had made drastic downward adjustments to his stated net worth and liquid assets in its own...
...Santander has agreed to hire the former co-head of Credit Suisse’s investment bank, David Miller, who becomes the latest executive to join from the collapsed Swiss lender....
...Goldman Sachs retained its leading position, followed by JPMorgan, Morgan Stanley and Bank of America. Citi was eighth, followed by European banks UBS and Barclays....
...Neither has stopped share prices of US mortgage lenders from regaining favour among investors....
...US producer price index: Coming days after data showed consumer prices unexpectedly rose last month, US wholesale prices are expected to have risen 0.3 per cent month on month in February, potentially matching...
...Delta’s fourth-quarter earnings are expected to have fallen from a year ago.Wholesale prices: The producers’ price index, a leading inflationary indicator tracking wholesale prices, is expected to have risen...
...Inflation: The producers’ price index, an inflation indicator that tracks wholesale prices, is expected to fall to 0.6 per cent on an annual basis in January, down from 1 per cent....
...recipients of bank credit commitments are 1) “other vehicles”, which UBS says includes closed-end funds, pensions, hedge funds and other investment funds 2) non-bank mortgage brokers, along with property lenders...
...Citi, JPMorgan and Bank of America have all gotten in....
...As Alphaville wrote earlier this year, over the years they have morphed into unofficial de facto lenders-of-second-to-last-resort to the US banking industry....
...In 2014, for example, mortgage lender Capital One valued it at $257mn but Trump pegged it at $550mn on his annual financial statement....
...Bank of America in January sent “letters of education” to Wall Street staff who had not been showing up at the office, telling them they could face disciplinary action, following similar reminders by Goldman...
...This month investors have been spooked by exposures on CRE loan books at lenders including America’s New York Community Bank, Japan’s Aozora and Germany’s Deutsche Pfandbriefbank....
...The US Federal Housing Finance Agency on Tuesday said it plans to rein in a group of 11 regional government-backed wholesale lenders, the Federal Home Loan Banks, that became a key source of funding for...
...Yes,” said Klösges, adding that the lender did not believe the market was turning around quickly....
...Midsize banks such as Aozora Bank, the 16th-biggest lender in the country, had placed aggressive bets in the US, hoping to offset narrow domestic yields....
...The issue overtook US shadow banking this month as the most likely source of a “systemic credit event”, according to a survey of fund managers by Bank of America....
...Fitch, Standard and Poor’s and Moody’s are the world’s three most prominent agencies engaged in rating wholesale debt. Moody’s still rates the US as AAA....
...Inflation: The US producer price index, a leading inflation indicator tracking wholesale prices, is projected to have increased 0.1 per cent in November after falling by a half-point in October....
...Over the past two years, bank analysts have increasingly deployed the term “deposit beta” to describe the sensitivity of lenders to customer deposits....
...Created by federal law in 1932, the FHLB system was designed to provide wholesale lending in support of residential mortgage finance....
...Nubank has laid out ambitions to be Latin America’s biggest financial services group as the $44bn-valued digital lender is predicted to hit the milestone of $1bn in annual profits....
...Corporate America has been happy to spotlight the capital commitments it has made to the Black community since 2020....
...One reason is that China has quietly become the biggest lender to low-income countries, even exceeding western multilateral development banks, and its role in restructuring is unpredictable....
...“Pressure is coming from sponsors for the coupons to be cut and this is just a race to the bottom between the banks and the direct lenders,” said Neha Khoda, a strategist at Bank of America....
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