Hints and tips:
...At the Sohn investment conference in London on Wednesday, Block said he is shorting Blackstone Mortgage Trust, a publicly traded real estate investment trust Blackstone took control of a decade ago as it...
...And the riskiest business to be in was subprime mortgage. So Citi ran right into it....
...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....
...By 2007, his team oversaw tens of billions of dollars. When it came to the brewing US subprime mortgage crisis, Crastes thought doomsayers were getting ahead of themselves....
...Spreads on triple-B commercial mortgage-backed securities, the lowest rung of investment grade, are shooting up: And so are lenders....
..., bringing with it hundreds of thousands of evictions, a financial meltdown and a destruction of trust in banks....
...We trust UBS will do the right thing.” (The Swiss finance ministry said it could not confirm details of its dealings with the banks.)...
...There is growing interest in the UK and the US in long-run data series — the prices of stocks, corporate bonds, government securities and so on — and the longer the series, the more its value....
...DechertO: 6; L: 8; I: 6; Total: 20JPMorgan Chase, the finance and banking group, had been sued more than 30 times in lawsuits alleging breaches of the Telephone Consumer Protection Act....
...He later worked at JPMorgan Chase and a hedge fund. Self-doubt was not part of his make-up....
...They have received billions from big banks such as JPMorgan Chase and Bank of America....
...“They are the dominant force now,” said Martin Sorrell, chair of the listed advertising group S4 Capital....
...This time, it might well be finance and tech....
...Through deals such as Deutsche’s 1998 acquisition of Bankers Trust, Credit Suisse’s 2000 takeover of DLJ and HSBC’s 2003 purchase of consumer finance business Household, European banks pumped billions into...
...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....
...Read more in our series: Coronavirus: the economic cure....
...Bronwyn Curtis, chair at JPMorgan Asian Investment Trust: No....
...This David-buys-Goliath deal had its very own special slingshot: property finance....
...Charles Montgomerie and Josh Prangley were previously managing directors at Rothschild & Sons and JPMorgan Chase, respectively....
...Finance is all about trust....
...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....
...Not so in the globalised financial markets of 2007, where the Paces’ mortgage found its way into Wall Street’s huge securitisation machine....
...Gordon Smith, 60, chief operating officer Joined JPMorgan Chase in June 2007, on the eve of the financial crisis....
...Largely as a result of regulatory demands, the nine banks whose finances were analysed by the FT have almost doubled their shareholders’ equity from the end of 2007 to the end of last year....
...Moira O’Neill is the head of personal finance at Interactive Investor. The views expressed are personal. Twitter: @moiraoneill...
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