Hints and tips:
...JPMorgan Chase, the nation’s largest bank by assets, had the highest profit of any lender, earning $11.7bn in the quarter from activities including lending and payment processing, up from $6.4bn in the same...
...Hedge Fund A was allocated 550,000 MEDP shares from Morgan Stanley, approximately 12% of the block trade, at a price of $55 per share....
...Funds suffered $43.2bn of losses on short bets in the US and Europe from Tuesday to Friday inclusive last week, according to calculations by data group S3 Partners, which do not take account of gains that...
...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....
...Citibank, Bank of America, Wachovia and Washington Mutual all failed in 2008 (three were bailed out and one was seized and sold) because managers fatally misunderstood mortgage risk....
...Rates rose fast, causing those bonds to lose value, and clients to move their money out of low-yielding bank accounts and into other products such as money-market funds, either at Schwab or elsewhere....
...And so in the 1990s, a lot of Western banks and other companies, they chose Dubai as their base in the region....
...Claer Barrett Well, great advice from Timi. How about you, Damien? Damien Jordan We need to anticipate that the Bank of England will hold rates higher for longer....
...an account of their most recent meeting....
...The central bank bought 57 per cent of the net £1.5tn of gilts sold between March 2009 and June 2022, according to research by Bank of America....
...“There is a chronic deficiency in the quality of education. Brazil spends around 13 per cent of GDP on pensions and approximately 6 per cent of GDP on education....
...Two pension funds have already dropped out, and some banks such as JPMorgan are threatening to follow....
...Thank you for reading FirstFT Americas and here is the rest of the day’s news — Gordon Five more stories in the news 1....
...US intelligence to examine documents seized from Donald Trump The US director of national intelligence has told members of Congress that her office will lead a review into what FBI agents took from Mar-a-Lago...
...Its Russian subsidiary plans to file for bankruptcy after authorities in the country seized its bank account....
...It was the latest in a long list of failures by Big Four auditors to spot holes in company accounts (Luckin was audited by EY), and a reminder that tales of rapid growth spun to woo global investors are...
...Here is Bank of America’s disclosure from 2007: This will be a little confusing if you are not a former banking reporter like myself....
...It owns an approximately 3 per cent stake in Zillow, the online property company that on Tuesday announced it would get out of the business of flipping houses....
...But Hans Mikkelsen, credit strategist with Bank of America, thinks that we can relax a little, because of this chart: Stock prices have risen even faster than levels of debt....
...In 2020 alone, they increased by approximately $500bn as these countries sought to mitigate the economic impact of the pandemic....
...“I don’t see it shrinking down to a handful of multitrillion dollar players,” said Janis Vitols, head of global asset management investment banking at Bank of America....
...Hedge funds were pulling their balances from Morgan Stanley at an alarming rate, funding markets seized up and the value of the bank’s trading assets plummeted....
...Budget commissioner Hahn discusses the upcoming EU summit and recovery fund with the FT and Bruegel at 14.00 (CET). EU justice and home affairs ministers meet by video conference in the morning....
...On February 6, Brazil’s central bank cut its policy interest rate to 4.25 per cent....
...Bank of America is pushing Berkeley, the sector’s leading land hoarder and builder of high-end luxury apartments in places like Enfield, Haringey and West Ham....
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