Hints and tips:
...This reopening of markets could provide a much-needed avenue for liquidity for lower-rated sovereign debt: “Hope for market refinancing could considerably improve the prospects of a host of mostly B-rated...
...JPMorgan Chase captured almost a fifth of all US bank profits in the first nine months of 2023, capitalising on a year of turmoil for the country’s financial sector....
...Several executives have recently signalled they will no longer chase contracts that are at risk of cost overruns....
...Many groups, including JPMorgan Chase and Société Générale, expect oil prices to hover around $90 in their base cases....
...Zelenskyy met government and business leaders in the Swiss resort, including JPMorgan Chase chief executive Jamie Dimon, Blackstone Group chair Stephen Schwarzman and Lakshmi Mittal, founder of steel giant...
...BlackRock, Citigroup, JPMorgan Chase, Wells Fargo, BNY Mellon and Bank of America will all report fourth-quarter figures on Friday....
...Sunak said he would not “take the easy way out, chase the headlines”....
...But they have got the ultimate knowhow that makes me want to be closer to them because I am not chasing brands in my clothing; I chase quality and look.”...
...JPMorgan Chase strategists noted there was persistent demand for the company’s vastly cheaper B shares, which currently trade at $357, and for its $543,680 class A stock, traditionally a quieter market....
...“There is no Plan B,” said Prommin. “The people are waiting. What else do you suggest?” A version of this article was first published by Nikkei Asia on November 28. ©2023 Nikkei Inc....
...Chase Greenberg, who is the son of Michael Greenberg, is a non-executive employee of Skechers, and he earned total compensation of $211,058 in 2022....
...It chases financial assets around. And it’s this weird effect that happens next door to the real economy, not to the real economy....
...JPMorgan said it included in the quarter a gain of $914mn from the sale of 3mn of its 40mn Visa Class B common shares....
...So money that did go into high yield went into higher quality, including double-B bonds....
...Series B start-ups were valued at about $84mn, 58 per cent higher than 2019....
...A dual-class share structure that gives B shares 10 times the voting rights of A shares has allowed the family to keep tight control of the club....
...The recent surprise cuts from Opec+ “removes the more bearish US shale production scenario that concerned investors last month”, noted Chase Mulvehill at Bank of America....
...That’s according to trading data analysed by both JPMorgan Chase and Goldman Sachs, which shows the buying very often has been in the lower- priced B shares Berkshire has (the company’s A shares stood around...
...S&P Global, on Sunday, downgraded the bank’s credit rating from double B plus to B plus — its second cut in a week — saying the $30bn lifeline from large US banks “should ease near-term liquidity pressures...
...They are being advised by Jefferies, while Banc of California and PacWest are being advised by JPMorgan Chase and Piper Sandler, respectively....
...The Pentagon declined to comment on Chase’s trip to Taiwan....
...(While there’s little public information on the Bermudian entity B.UK Limited, interested DD readers can learn a few more details from the Paradise Papers leak.)...
...“Everyone is wondering, ‘What if I have assets at Bank A or B or C?’”...
...Spreads on triple-B commercial mortgage-backed securities, the lowest rung of investment grade, are shooting up: And so are lenders....
...Dear reader, Ex-bankers tend to look back on their careers in the following ways: a) with wry affection, b) with incredulous trauma, or c) both....
International Edition