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...out when Credit Suisse collapsed last year....
...Let’s start with the federal government. The Biden administration is one of the most collaborative I’ve seen in my 33 years of journalism....
...As part of their claim, the investors have requested the disclosure of documents related to Finma’s decision, as well as Credit Suisse staff bonuses linked to the bonds called contingent capital awards....
...Late payments rise on US loans tied to inflated pandemic credit scores Consumers cut back on credit cards as repayment charges hit record high...
...But a union can bring people together to fight that fight together. A union gives people agency. Our union is now a union of educators, healthcare workers and public services....
...So, when bank lending dominates credit markets, unregulated private capital can earn an excess return. But, he points out, the free lunch will be eaten: This should not be a permanent situation....
...This chart below uses the Federal Reserve’s senior credit officer survey net level as the proxy for credit availability....
...Greg Obenshain, head of credit at Verdad Capital, makes the counterpoint, arguing in a recent note that high all-in yields can be deceptive “fool’s yields”. The chart below illustrates....
...the chair of the Federal Deposit Insurance Corporation has warned....
...Mentioned in this podcast: America’s most powerful union leaders have a message for capital Union workers score big pay gains as labour action sweeps US Sign up for the FT’s Swamp Notes newsletter here...
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company....
...Because if you don’t believe in ever closer union you must be a bad thing.” The ban also drew condemnation from Belgium’s federal government, which was not involved in the order....
...The bureau also said that smaller credit card issuers offered cheaper interest rates compared to larger rivals, including Capital One....
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...In contrast, the strength of the US economy and high levels of government spending relative to taxes could persuade the Federal Reserve to keep interest rates high for some time, say investors, which could...
...But you are in the FOMC [Federal Open Market Committee], sitting around the table, you’re saying inflation has come down from the peak in 2022. That’s great. And went down from 9 per cent to roughly 3....
...This is where corporate purchases of carbon credits could have a crucial role to play....
...All told: a lot of capital, not enough deals, public markets rallying and becoming competitive — all that has created a pretty material tightening in private credit over the last couple months....
...“Some of the biggest risks lie in countries where interest rates have been pulled up by global or regional factors without a corresponding increase in growth,” said Neil Shearing, chief economist at Capital...
...“I think we’re still in the early stages of the recovery phase that will ultimately allow private equity investors to return capital....
...Instead, banks would have to rely on more traditional, standardised assumptions that measure how risky assets are by using credit ratings from agencies....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...Capital One Financial, which is buying rival Discover Financial Services, is up 50 per cent. Americans held more than $1.1tn on their credit cards at the end of 2023, an all-time high....
...At some point, this risks leaving lenders without sufficient reserves and could cause unwanted volatility in short-term borrowing costs and even a credit crunch....
...In his final State of the Union address before November’s election, Joe Biden last night outlined his legislative agenda for a second term in a pugnacious, overtly political speech....
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