Hints and tips:
...No one’s going to justify their fee for saying “I reckon the economy’s going to look like a Nike swoosh.”...
...FY20 guidance is for: i) NIM of 275-280bps, with company-compiled consensus currently sitting at 278bps; ii) opex of <£7.7bn, with C/I to be lower in FY20; iii) net AQR to be <30bps, which appears to assume...
...After that it will go to mutual-aid to share security across contracts or sub-contracting through a competitor to be able to execute on the contract. ......
...“I think it will be a long adaptation programme,” said Nicolas Malaterre, primary credit analyst at S&P....
...Before threatening to snuff if out: Nevertheless, we believe that if house prices fall 15% or deposit growth falls to zero, China’s real GDP growth will slow to sub-3%....
...There are no sub-prime mortgages and there are very few mortgage-backed securities. There is no secondary securitisation, so no collateralised debt or loan obligations (CDOs and CLOs)....
...owns part of a mortgage lender....
...“I doubt we’re going to approve it. But we’re going to let them make their case,” was the reply. “It was clear that this was an attempt to pressure me. I wasn’t going to be pressured....
...The fund has made money from betting on Latin American interest rates and US mortgages....
...These events comprise: (i) a reduction in interest, (ii) a reduction in principal, (iii) a postponement or deferral, (iv) a change in ranking or (v) a change in currency....
...To be honest I didn’t think too much of him at first. He seemed quiet and, I don’t know, French or something....
...He envisages a suite of flexible retail savings products, potentially combining pensions, mortgages and long-term savings....
...“I’ll do whatever I have to do to protect the taxpayer’s interests, even if that means harming a client relationship,” Mr Haldeman says....
...In fact, why limit yourself to a mainstream retail management outfit when maybe what you really need are hugely experienced hedge fund managers operating on a wide range of sub-markets in an unconstrained...
...A “notorious last night hot spot” is a giant euphemism for Mavericks, so I think I made a good decision to avoid that place, although I heard of some delegates spending mortgage-downpayment-sized amounts...
...His new plan to buy up mortgage-backed securities is nothing short of a B-52 bomber....
...Their chart shows about $800bn of sub-prime mortgages still in the pipeline to “reset” – or to jump from the two-year teaser rate to a higher long-term interest rate....
...Arnall’s home lending businesses Ameriquest Mortgage and Argent Mortgage could be sold soon given the sale of a sister company this week and the decline in the US sub-prime lending market since the billionaire...
...It is joining the top division at the expense of mortgage bank Bradford and Bingley....
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