Hints and tips:
...BofA chief financial officer Alastair Borthwick said the finances of the bank’s customers remained in good shape, even if most consumers’ accounts were not quite as full as they were in the middle of the...
...This may be hard to reconcile with very recent headlines of the same Weinstein warning that “risks are building inside the $1.6tn private credit market and regulators aren’t doing enough”, as Bloomberg put...
...They have cut lending rates, mortgage rates, business taxes, stock-trading fees and even admission costs at tourist sites; extended EV subsidies; relaxed regulations; intervened in forex markets; and extended...
...And the riskiest business to be in was subprime mortgage. So Citi ran right into it....
...Even the best in the business were crushed in 2022....
...Even if you use something simpler such as a spreadsheet or a notebook, mapping a yearly money plan for 2023 is worth doing....
...Disney has the best content and strongest financial position to start coming up with a solution. It will be fun to watch as they try to figure this mess out....
...The Financial Times revealed Jake Freeman had invested $27mn in Bed Bath & Beyond in July, selling it only a few weeks later for nearly five times as much....
...Visa and Mastercard aren’t wildly exciting companies, even for financial journalists. We all use them every day but give them as much attention as the plumbing in our house....
...Incidentally, a plethora of media outlets (inc....
...Is it a financial innovation that will unlock the promise of home ownership for Americans who have been shut out of mortgage finance?...
...The economy was in a shambles, after the US mortgage crisis had rocked the global financial system, and many Wall Streeters were desperate for distractions....
...On April 10, 2019 it was reopened by the charity Girls Inc as a house for troubled women too old for foster care but young enough still to need a supportive home....
...The FT reported last week that Better, the US online mortgage lender, is buying British mortgage broker Trussle....
...The European Commission has opened a formal investigation into its advertising business. In doing so, it’s going for the jugular. Google made $147bn in advertising revenues in 2020....
...He built his career by spotting, ahead of others, that the then fringe 1970s business of trading mortgage bonds could explode in scale....
...It is now a minority owner of the business....
...During the past year it has seemed as if the business and financial climate had turned decisively in favour of sustainability. Now, the enthusiasm may be cooling in some quarters — a touch....
...Did any of these people live through the 2008 financial crisis? Remember when the “efficient” market in mortgage lending almost destroyed the entire US economy? Apparently O’Leary has a short memory....
...Shareholders might have appreciated a pack of Carex as some compensation! Let us hope new chief executive Jonathan Myers can reverse the group’s decline....
...I’m now waiting and hoping for a swift recovery but I am sure many who started doing this as a job will perish,” he said....
...“We remain committed to growing and investing in the business.”...
...(FT) News round-up Biggest US shopping complex shows threat to mortgage-backed bonds (FT) Man Utd earnings slip into red as broadcast revenue slumps (FT) Chinese search giant Baidu reconsiders US listing...
...And it was doing more besides....
...“To save time and stress for Uber’s drivers, and make their business and day-to-day banking easier — by aggregating their financial lives within one app.”...
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