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...After the FT sent him a copy of M7’s regulatory filings, Robinson said he was “surprised” to see his name on the form. He said M7 “will correct and resubmit” the form....
...Growth in unsecured lending in India now forms nearly 10 per cent of total banking sector loans, according to S&P Global Ratings, which labelled the amount “excessive” in a March report....
...US stocks, meanwhile, looked set to snap a six-session losing streak....
...Absent new evidence, we risk skipping over the simpler explanation for the unprecedented speed of the run on SVB, which is just that, as far as banking crises go, the vulnerabilities of the banking system...
...One reason for the modest outlook, Buffett writes, is that his company is so big now — 6 per cent of the S&P 500’s total shareholders’ equity — that there are no companies in the US or abroad that are (a...
...Secondly, I’ve rebooted my old personal newsletter Buy The Dip, and aside from literally talking my book(s) I’m primarily using it as a way to get Alphaville content out and into people’s inbox (which has...
...University of California, San Diego, for example, returned a leading 11 per cent in fiscal 2023 by virtue of its nearly one-third allocation to the S&P 500....
...Galicia will acquire the entire HSBC Argentina business, including banking, asset management and insurance, HSBC said....
...The KBW Nasdaq Fintech index is up 31 per cent over the past year, compared with a return of 25 per cent for the broader S&P 500....
...What the market really wants is a firm pronouncement on the future of investment banking. On this he has vacillated recently. Venkat recognises a need to rebalance the group’s businesses....
...banking....
...Credit card companies are high-margin businesses, with returns on equity far above those elsewhere in the banking sector. Amex reported a 33 per cent fourth-quarter return on average common equity....
...As a result, fewer dollars and euros reach Euroclear and Clearstream, and consequently, Western creditors....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...The blue-chip S&P 500 was up 0.5 per cent in mid-afternoon trade, while the tech-heavy Nasdaq Composite was up 0.7 per cent....
...Chase as well as the benchmark S&P 500 index....
...They’re going to have a piece of the energy pie, just a bit less of it,” said Thomas Watters, managing director at S&P Global Ratings and another of the report’s authors....
...US bank stocks have fallen to an all-time low compared with the blue-chip S&P 500 index, as demand for big-name technology stocks and the fallout from the banking crisis in March deter investors....
...the alarm on risks in the non-banking sector....
...The S&P 500 recorded its worst two-day streak on Friday and Monday since the regional banking crisis in March 2023....
...The writer’s books include ‘The bank that lived a little: Barclays in the age of the very free market’ On February 20, Barclays’ chief executive C S Venkatakrishnan will be revealing the outcome of a strategic...
...Shepherdson argues that declining S&L tax revenue augurs poorly for future S&L spending, as this chart shows: It’s a reminder to investors that markets are sensitive to changes, not levels....
...The Bank Term Funding Program amounted to a 200bp rate cut injected narrowly into the banking system, according to JPMorgan’s Bob Michele....
...And sector-wide, Barclays says regional-bank credit spreads are pretty tight relative to the SPDR S&P Regional Banking ETF....
...Women with the chops to make it to senior management in banking are also in demand in other industries, so they don’t have to sit around and wait their turn for a shot at the top on Wall Street....
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