Hints and tips:
...Last week it took part in a $3.84bn debt sale tied to the buyout of software group Citrix, picking up the junior bonds at a deeply discounted price when lenders led by Goldman Sachs and Bank of America raced...
...One of the biggest mysteries of this campaign season has been why Joe Biden has not been given more credit for America’s booming economy....
...Future of Asset Management North America Hosted by the Financial Times, in collaboration with Ignites and FundFire, Future of Asset Management North America is taking place on September 27-28 at etc.venues...
...Results: Walmart, the world’s largest retailer and a consumer bellwether, reports full-year results....
...of them over credit card fees....
...Yet the drivers of Law and Justice’s anti-Brussels grievances may be waning. As on much else, we have Putin to credit for that....
...Monday Germany, monthly industrial production data Mexico, December consumer price index (CPI) inflation rate data US, monthly consumer credit figures Results: Tata Consultancy Services Q3 Tuesday...
...leaving consumers to prop them up....
...In recent earnings releases, JPMorgan and Bank of America, the two biggest US banks by assets, reported that consumers using credit and debit cards increased their spending by 15 per cent and 10 per cent...
...Squeezing costs to lower prices for consumers was Walton’s definition of purpose....
...The renewed interest in regtech follows a spate of regulatory investigations in Europe and North America into how bankers communicate with their clients and the resulting departure of individuals....
...His company, Nova Credit, partners with credit reporting agencies around the world to create a standardised “credit passport” immigrants can use to access financial services when they move to a new country...
...The developments come at a crucial point in Tinkoff’s evolution from online credit card company to Russia’s answer to Ant Financial, a super app provider that offers a range of ecommerce and fintech services...
...It also found young consumers and those living in the most deprived areas were most likely to use credit cards for BNPL....
...Email me at sid.v@ft.com. Reach Imani at imani.moise@ft.com. PS I’ll be interviewing Jonas Templestein, the co-founder of Monzo Bank, at the FT Future of Finance summit on June 16-17....
...Throughout the year nearly every major retail bank, from Bank of America to Santander, has rolled out new features to help consumers avoid the proverbial “$35 cup of coffee”, when overextending your account...
...Latin America’s largest economy had rebounded quickly from the initial impact of Covid-19, with GDP in the first quarter of this year returning to where it was before the pandemic struck at the end of 2019...
...European nations have varying levels of credit card penetration and disparate regulatory regimes....
...the largest consumer banks....
...Decades ago, it was home to the late JB Stoner, one of America’s most prominent white supremacists during the 1960s....
...It’s not a consumer bank. It’s not a business bank....
...Boden spoke to Consumer Editor Claer Barrett in the latest episode of the Money Clinic podcast....
...Head of risk at Credit Suisse to step down Andreas Gottschling, the head of Credit Suisse’s risk committee, is to step down ahead of a threatened shareholder rebellion at the bank’s annual general meeting...
...Other measures proposed in the FCA’s review of the unsecured consumer credit market included reform of credit union regulation and secure, long-term funding for free debt advice....
...Bank of America made a similar announcement in February, which went into greater detail, but did not set any targets for reducing its financed emissions....
International Edition