Hints and tips:
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...SF: You wrote earlier this year that the long period of lax monetary policy had created increased systemic risks. The context for that was the turmoil around Silicon Valley Bank, et al....
...HSBC will also retain €7bn of home and other loans originally slated to be part of the sale and which it may consider selling at a later date....
...month of the next tranche of a $3bn loan....
...The recent rise of the Faangs, et al, looks like a knee-jerk reaction to the fall in rates and rate expectations that followed the banking mess (the 10-year yield has fallen from 4-ish per cent to 3.6-ish...
...Listen to the latest in our Night School podcast series for a discussion on the biggest tech stories of the year so far including AI, the US-China tech race and the future of the blockchain....
...But Merrill unravelled during the 2008 financial crisis and was forcibly merged into Bank of America....
...Bank of America has named JuliAnn Burkhardt, currently a managing director at the bank, as chief strategy officer for global investment banking....
...By the time they get out of high school they should know how to do a checking account and a savings account and et cetera because this is core to how you build wealth in America....
...A series of interest rate increases by many of the world’s central banks has stalled the pump that had been rapidly inflating global house prices....
...One thing to start: Wyelands Bank has announced that it has “no viable future” and that virtually all of its loans are in default, nearly a year after regulators forced Sanjeev Gupta’s stricken lender to...
...The World Bank said that out of all big European countries, we are the best place to do business. Global chief executives say that apart from America and China, we are the best country to invest in....
...In the second quarter of this year, growth in card loans at JPMorgan Chase, Citigroup and Bank of America were 0 per cent, -5 per cent, and -10 per cent, respectively....
...Crisis talks Bernstein had already begun crisis conversations with bankers from JPMorgan, Goldman Sachs and Bank of America to save Carnival from the economic fallout of the spreading virus at the end of...
...In Ualá’s favour is Argentina’s large proportion of unbanked citizens. According to the 2017 World Bank global Findex study, only 49 per cent of Argentines have a bank account....
...For years, big banks like JPMorgan Chase, Citigroup and Bank of America have used their hefty balance sheets to extend cheap, deposit-funded credit to corporate clients....
...(FT) Working from home Will Facebook’s salary-by-location move — with cuts in areas with cheaper costs of living — set a precedent for tech companies?...
...US and European banks are on track to book more than $50bn of charges on souring loans in the first quarter, related to the coronavirus pandemic....
...PayPal facilitated the transfer of more than $1bn in federal loans as part of the US Small Business Administration’s Paycheck Protection Program....
...While JPMorgan and Bank of America, its two closest competitors, have seen an increase in value of roughly $225bn each since 2012, Citi’s is about $80bn....
...(FT, ABC) Coronavirus digest The US government has said it will release the names of companies that received a loan of $150,000 or more from the government’s bailout fund for small businesses....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...In the 1980s through to the mid-1990s they started moving into fancier Mock Tudor, detached, homes....
...Last summer, Freddie Mac, the home loans guarantor propped up by US taxpayers a decade ago after the subprime housing crisis, backed a $550m loan to the building’s owners — Moinian Group, among New York’...
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