Hints and tips:
...Deutsche Bank has hired Alexandre Lotfi as head of wealth management lending for the UK and central Europe at its private bank. He previously worked for the Bank of Singapore....
...The largest US banks are set this year to earn higher profits from their lending businesses than expected as it becomes more likely that the Federal Reserve will make only modest cuts to benchmark interest...
...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...
...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 action came two months after the country narrowly averted default amid political wrangling over the federal borrowing limit....
...dollar after Washington weaponised its currency in sanctions against Russia....
...The figures are distorted by movements in the value of its mammoth $353bn stock portfolio, which includes stakes in Apple, American Express and Bank of America....
...A version of this article was first published by Nikkei Asia on January 26. ©2024 Nikkei Inc. All rights reserved....
...The Federal Deposit Insurance Corporation, which is leading the government effort, received bids from banks including JPMorgan Chase, PNC and Citizens, according to three sources with knowledge of the situation...
...Yet unrealised losses over the same period soared nearly 1,400 per cent to $40bn at the three banks after the Federal Reserve rapidly increased interest rates....
...If San Francisco-based First Republic is taken over by the FDIC, it would rank among the biggest bank failures in US history, alongside Washington Mutual in 2008 and SVB....
...In February, a federal judge rebuffed the FTC’s request to block Meta’s acquisition of virtual reality games business Within....
...Banks have pledged $91.9bn of MBS and Treasuries at the Federal Reserve as of Wednesday under the Bank Term Funding Program introduced after SVB’s collapse to stave off fears about wider forced selling....
...The US Federal Trade Commission has also ordered Illumina to divest Grail. Illumina is appealing against the EU and US regulators’ orders....
...The lender’s shares have fallen by 95 per cent this year as $100bn in deposits fled the bank, causing it to become the focus of regulators in Washington....
...In a review by the Federal Reserve Board and the Federal Deposit Insurance Corporation, the two banking regulators said on Wednesday there were questions as to whether Citi would be able to produce accurate...
...Hello from Washington, where locals are competing to predict the timing of “peak bloom”....
...Holding, together with his sister and vice-chair Hope Bryant and his brother-in-law and president Peter Bristow, have taken the deposits of ailing lenders including California’s Temecula Valley Bank, Washington...
...The group, which includes a bank as well as an asset manager, pointed out that its spending in 2020 was similar to 2022 and said that the dip had to do with the timing of a large annual payment....
...Wigdor grew up in suburban Long Island and went to university in Missouri before moving to Washington DC to study law....
...But the Federal Reserve’s hawkishness towards inflation this year, combined with economic lethargy and central bank restraint in China, has undermined the attractiveness of Chinese bonds....
...And, like, the way it’s supposed to work, like, is Jay Powell and the Federal Reserve put a hex on the housing market with higher interest rates....
...A version of this article was first published by Nikkei Asia on April 27 2023. ©2023 Nikkei Inc. All rights reserved....
...Ramaswamy, the author of Woke, Inc. and Nation of Victims, co-founded Strive Asset Management last year with the backing of billionaire PayPal founder Peter Thiel and US Republican senator JD Vance. 3....
...As the Federal Reserve raised interest rates, Wall Street soured on companies that were not profitable, or only marginally profitable....
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