Hints and tips:
...Capital One filed an application to complete the transaction to the Federal Reserve and the Office of the Comptroller of the Currency. The Fed sent back a list of questions last week....
...SoftBank agreed to forgive some WeWork debt and swap it for new shares in the group, hoping that this would reduce WeWork’s outlays on interest expenses at a time when the Federal Reserve had raised rates...
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...At least four people, including the church’s bishop, were injured in the attack, which police have called a “terrorist incident” of “religious motivated extremism”....
...the chair of the Federal Deposit Insurance Corporation has warned....
...The DoJ also advises federal banking agencies on what impact deals will have on competition....
...Now that there are these other sources of credit, from non-bank lenders to private credit, is the fact that banks are losing market share to other credit providers bad news for the American economy?...
...— Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...Results at BofA, like its large competitors, were also dragged down by costs tied to last year’s regional banking crisis after the Federal Deposit Insurance Corp imposed another round of fees on the nation...
...Private equity firms that buy out companies are taking advantage of a recovery in global corporate bond and loan markets, after the Federal Reserve signalled that inflation had been sufficiently tamed for...
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...The Federal Reserve will be watching closely....
...Delinquencies in credit card and commercial real estate loans were on the rise, the FDIC said, and were now at the highest level in almost a decade....
...The biggest US banks believe American consumers have weathered the Federal Reserve’s cycle of interest rate rises in good shape, but a new poll shows Joe Biden is getting no credit ahead of November’s election...
...The benchmark 10-year yield slid as much as 12bp after the Treasury’s refunding announcement, v FactSet....
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...The Federal Reserve has raised interest rates from near zero in March last year to a range of between 5.25-5.5 per cent in a bid to curb inflation....
...A US government shutdown would threaten the country’s triple A credit rating, Moody’s warned on Monday, amid a stand-off in Congress that risks leaving the federal government without funding....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Credit Suisse’s foundering share price — that is, its low equity-market capital levels — left it in slow failure mode for a while....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...The US Federal Reserve has signalled rate cuts in the coming months on lower inflation worries, gradually making money cheaper to borrow....
...The warning from one of the largest US credit rating agencies comes as the private equity industry slowly begins to find its footing after the Federal Reserve last year aggressively hiked interest rates,...
...Starbucks in 2022 introduced more sizes for baristas’ green aprons and the option for customers to tip with their credit cards, two of the union’s initial demands....
...The data lends some weight to the growing expectation among investors of a so-called soft landing for the US economy, despite a year and a half of Federal Reserve interest rate rises that have pushed borrowing...
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