Hints and tips:
...He also said the ECB should consider a green shift in both its €4.7tn bond portfolio and in its cheap financing for commercial banks....
...One good read Cat bond math....
...Keep an eye out for Goldman Sachs, Bank of America, Blackstone and American Express to name a few. One company you can’t miss is Netflix....
...“I am not making here a call for defence bonds,” he said. He added that the issue in Europe was that public money and mutual debt were too often seen as the only solution. “That is not the case.”...
...Since 1991, federal law has subjected the FDIC to a “least cost test”....
...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....
...Three-quarters of the investors surveyed are now predicting that the Federal Reserve will not lift borrowing costs any further, up from 60 per cent in the previous month....
...CVS Health, the largest pharmacy chain in the US, in 2018 acquired Aetna for $69bn and Cigna combined with Express Scripts in a $67bn deal, including debt....
...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....
...This month’s bond rally will have improved things, but here is a chart from Apollo’s latest US bank outlook showing the damage....
...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...
...“Caution is still required because the market embodies a very optimistic view of rate cuts, by the Federal Reserve in particular,” said Marty Fridson, chief investment officer of Lehmann, Livian, Fridson...
...The Federal Deposit Insurance Corporation has therefore proposed new rules....
...Even credit card companies are jumping in, with American Express offering $250 to new current account customers....
...Brent Berg, president and chief executive of Rare Element Resources, a minerals company, will join Uranium Energy Corp, a North American uranium company, as senior vice-president of US operations....
...The value of what looked like safe investments — such as those in the bonds of Lehman Brothers — lost value precipitously after the collapse of the bank, causing the fund to trade as low as 97 cents on the...
...Both are now “overweight” US government bonds in the belief that the Fed may already be done raising rates and that Treasuries would perform well during a period of economic weakness....
...That means success in trading has done little to aid BofA’s ailing stock price, which has been weighed down by large unrealised losses in its long-term bond portfolio....
...All this might be an entertaining blast from the past, if Pravin Bankers Assocs., Ltd. v. Banco Popular Del Peru or Allied Bank Int’l v. Banco Credito Agricola de Cartago is your idea of fun....
...“The INDIA alliance is collapsing very rapidly,” said Neerja Chowdhury, a political analyst and contributing editor with the Indian Express newspaper....
...That will put greater responsibility on intermediaries such as ICBC to comply with federal laws....
...It took the state-backed Commercial Aviation Corp of China 15 years to bring the 164-seater jet into service....
...Starboard Value has built a stake in News Corp and is pushing for billionaire owner Rupert Murdoch to break up the company....
...Jeffrey Gundlach, one of the biggest names in the bond world, is feeling sorry for “poor” stock investors....
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