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...Higher capital requirements for banks did not “materially [change] safety and soundness in a way that matters compared to the friction of the cost”, Goldman chief executive David Solomon told the FT....
...The Fed’s criticism is another setback to Goldman’s efforts to expand in new businesses under chief executive David Solomon....
...However, Goldman Sachs chief executive David Solomon warned this week that “over the next two to four quarters, the impact of that tightening will be more evident and will create slowdowns in some areas”...
...The central bank already has “imperfect vision, even with both eyes functioning”, said David Wilcox, who led the research and statistics division at the Fed until 2018....
...John David Rainey, Walmart’s chief financial officer, pointed to the role discounts are playing, telling the Financial Times that sales during periods between promotions had been slower....
Rising energy prices come as US president puts economic record at heart of re-election bid
...Over the weekend David Axelrod, who was chief strategist for Barack Obama’s presidential campaigns, suggested it might not be “wise” for Biden to even run in 2024, in part because of his age....
...It was obvious that they needed to move the policy rate up and they needed to do it aggressively,” said David Wilcox, who led the research and statistics division at the Fed until 2018....
...Marc Filippino Colby Smith is the FT’s US economics editor. Thanks, Colby. Colby Smith Thank you....
...The report “says something about a lack of bargaining power on the part of American workers”, said David Kelly, chief global strategist at JPMorgan, who observed that the mixed composition of Friday’s data...
...At the time, the official responsible for overseeing US engagement with international financial institutions — David Malpass, who eventually went on to lead the World Bank — was not only sceptical of the...
...Goldman Sachs’s chief executive David Solomon has also argued that “these new capital rules have gone too far”....
...That is the former Trump official Elbridge Colby, demanding a focus on Asia....
...Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer....
...David Hockney’s immersive Enchanted Tree pavilion springs to life with dappled light shows set to waltzes by Johann and Josef Strauss....
...George Galloway’s campaign was essentially the only serious, organised political machine in town and he duly triumphed handsomely and emphatically despite a very impressive performance by David Tully, a...
...According to David Rosenberg, chief economist and president of Rosenberg Research, the latest data from the Institute for Supply Management this week confirmed a “recession in the industrial sector”....
...Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer....
...And it would take a long time to repair, just like it does with an individual”, said David Kelly, chief global strategist at JPMorgan....
...“They would be very foolish to push rates any higher,” said David Kelly, chief global strategist at JPMorgan, citing his concerns about a worsening of the banking turmoil....
...Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley....
...“Even in the best of times, monetary policy is a mistake-prone undertaking,” said David Wilcox, who led the research and statistics division at the Fed and is now affiliated with the Peterson Institute for...
...Earlier on Monday, David Hunt, chief executive of PGIM, told the Milken Institute’s annual gathering in Los Angeles that the $1.2tn asset manager was spending more time working with clients on debt ceiling...
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