Hints and tips:
...To find out more and sign up for the series, visit FT.com/moneycourse. That’s FT.com/moneycourse. [MUSIC PLAYING] We all know the feeling....
...Days before the British monarch’s coronation, Dimon cemented his royal status in finance with another landmark deal for JPMorgan Chase, the bank he has led since 2005....
...He later worked at JPMorgan Chase and a hedge fund. Self-doubt was not part of his make-up....
...Powell reads at night: a current favourite is The Saxon Stories, a series of historical novels by Bernard Cornwell about medieval England....
...She has worked at the bank since 2005 and was previously chief compliance officer at the international wealth management division, per Reuters....
...Some parents set up a trust which lends money to their child to buy the property, to offer some protection in the event of a future dispute....
...While many of the borrowers had questionable personal credit ratings, the CWABS Asset-Backed Certificates Trust 2005-11 were deemed much safer credits....
...Month by month trust drained away: investors lost faith in the value of mortgage bonds, the judgment of rating agencies and the balance sheets of banks....
...Mr Dimon, who has led JPMorgan since 2005, insists that he is “[just] part of the army that supports” the investment bankers who he describes as the bank’s “Navy Seals”....
...Investment banks have spent much of the decade under a shadow since the meltdown of the US mortgage market....
...Moira O’Neill is the head of personal finance at Interactive Investor. The views expressed are personal. Twitter: @moiraoneill...
...The word got six mentions at JPMorgan Chase, 11 at Wells Fargo, 18 at Citi and 29 at Bank of America....
...Inevitably, says Guy Cecala, CEO and publisher of Inside Mortgage Finance, the industry bible....
...The cost of a nursery for children aged two and above rose by 69 per cent between 2005 and 2015 — more than twice consumer price inflation — according to the Family and Childcare Trust....
...It’s finance....
...At the moment, sales of private-label MBS are dominated by a handful of intermittent issuers such as JPMorgan Chase and Redwood Trust who are securitising “jumbo loans” made to wealthy borrowers....
...This week saw the launch of yet another property-related TV series, BBC2’s Under Offer: Estate Agents On the Job....
...Corsair, which was created in 1992 and spun out of JPMorgan Chase in 2006, could certainly do with a few successes to boost its performance....
...He collected his bonus for 2005 and, on February 1, wrote a letter of resignation....
...It was during the second half of 2005 that Mr Barnett and Mr Woodford started to question their strategy on banks....
...They have already enjoyed a healthy rally as investors chase yields, and remain keen to gain exposure to the property sector via something more liquid than property funds....
...I trust them.”...
...Analysts at Bespoke Investment Group said that that was the lowest average movement for the benchmark in such a period since 2005....
...The McKinsey consultant, they hoped, could also help them chase down promising leads....
...From 2005, traders, brokers and bank officials attempted manipulation of one of the most important reference rates in our economy – a rate which affects the mortgage payments and loan rates of millions of...
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