Hints and tips:
...Private sector holders swapped 17 per cent of their titles....
...Cliff White headed the Justice Department’s bankruptcy “watchdog” unit, the US Trustee Program, for 17 years prior to his retirement in 2022....
...China also accounts for about 70 per cent of mining and 90 per cent of processing of rare earths, a set of 17 elements used in a variety of products critical to the energy transition....
...Bills are more liquid and there’s been an absolute ton of demand; you know how everyone has been moving cash out of their bank accounts and into money-market funds? That’s on my list of things to do....
...Dollarisation usually requires a stock of liquid dollars to replace the monetary base and to build a liquidity buffer in the US currency — say, 20 per cent of bank deposits — to counter any runs on the banking...
...A government audit of the US banking system’s cash flow had recently discovered more than $6bn in unexplained banknotes flowing from banks in South Florida — more than the entire US currency surplus and...
...of America Securities....
...According to the Caribbean Policy Research Institute (Capri), 17 per cent of Jamaicans lack bank accounts, 45 per cent of employed persons receive their salaries in cash or cheque and only 13 per cent of...
...A senior member of Milei’s economic team rejects that criticism, saying the debate is “ridiculous” because Argentina is in effect already dollarised with the US currency in widespread unofficial use for...
...They added that a common currency is not on the agenda, despite growing resentment of the US dollar’s dominance among members....
...Goldman Sachs is into it, Bank of America’s into it. All the Wall Street sellside people are into it and they’re like, well, zero-Covid has ended China’s reopening....
...Bank of America’s regular survey of fund managers shows a net 21 per cent of money managers are running a smaller allocation to UK stocks than benchmarks would suggest. That’s chunky....
...Join us in London on October 17 as we gather some of the biggest names in finance and dealmaking for a full day of interviews. Find the agenda and a special offer for DD subscribers here....
...Banks in Latin America acted early in raising rates and are keeping them high even as inflation recedes. Total returns of local bonds have now moved ahead of their developed market peers. 4....
...And if you add up other lenders — World Bank, Asian Development Bank, Japan, South Korea, Europe, a little bit from America — it’s very contested, particularly as Chinese loans are going to have to become...
...The central bank began switching to renminbi even before the full-scale invasion of Ukraine, increasing its share from 13 per cent to more than 17 per cent of its currency reserves in the year to January...
...“There’s been a paradigm shift in interest in macro from the previous decade to now, due in large part to central bank activity,” said Kenneth Tropin, chair of $17.5bn-in-assets Graham Capital, which he...
...UK films make up a declining share of the international box office: only 17 per cent in 2022, down from 29 per cent in 2019, according to data from the British Film Institute....
...Bank of America and Chase are still only paying a few basis points. Could a concerted Apple advertising push massively increase deposit competition?...
...In July, Celsius had approximately 600,000 accounts in its Earn programme. These accounts held crypto with a market value worth more than $4bn as of July 10....
...Tighter regulations on traditional lenders resulting from the recent rash of bank failures in the US will force even more borrowers towards bonds....
...Stock markets like the New York Stock Exchange, Nasdaq and BATS now only account for about 57 per cent of all US cash equity trading, according to Deutsche Bank....
...“You wouldn’t normally show your bank account, but people do show their crypto wallets,” he said. “I’ve seen more crypto wallets in a year than I’ve seen bank accounts in a lifetime.”...
...Going by the forecasts — the below table is from Bank of America — a cash infusion will be required either soon or slightly later: All of which explains why about a third of Beyond Meat’s free float is...
...She had come to trust and rely on Gilbert more than anyone in her organisation, so she emptied $1.1mn from an account she controlled and had him put it in a new holding account....
International Edition