Hints and tips:
...Policymakers yesterday signalled that interest rates would need to remain higher for longer, diverging from the US Federal Reserve....
...Related: Share price gains yesterday for Big Tech companies, led by Meta, helped the S&P 500 to its biggest daily rise since January 6. Read the full US market report. 2....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Then, the hidden leverage and maturity mismatch in pension funds’ and insurance companies’ portfolios — generally supposed to be long-only — could pose a policy challenge....
...But as Steven Kelly of the Yale Program on Financial Stability pointed out to me, Yellen et al will need the goodwill of the big banks should some other bank or banks get into trouble....
...Prosecute fraud, maybe regulate crypto exchanges like casinos, and keep the SEC et al out of it. This is a disagreement about how to cordon off crypto so that when crypto burns, it is controlled....
...And one scoop to start: Credit Suisse provided funding for Greensill Capital to set up its own in-house insurance firm, weeks after the supply-chain finance company’s main insurer refused to renew its policy...
...Small caps tend to be more volatile than blue-chip stocks both on the way up and down — and could be big medium-term winners if Kolanovic et al are right....
...There is for sure a debate to be had about when the Federal Reserve et al should have pivoted their stance more forcefully to tackle inflationary pressures, and what they should and shouldn’t do now....
...Surely Zuck et al can make money — serious money — out of messaging software with two billion users. I disagree on the Metaverse, though. It is not “free”....
...He insisted there was not “much evidence” that the extension of unemployment insurance as part of his stimulus plan was discouraging work....
...The letter from two of the most influential liberal lawmakers in Congress with oversight over Wall Street comes as the Fed, the Federal Deposit Insurance Corporation and the Office of the Comptroller of...
...In the news Apollo to merge with Athene Apollo Global Management is to merge with Athene Holding, the life insurance company it created at the height of the financial crisis, transforming the alternative...
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...For example, in a 2010 opinion (Chevron Corp v Steven Donziger, et al) handed down from the US district court in Manhattan, the judge wrote that the “evidence at trial established that Donziger, a New York...
...Britain’s Liam Fox and Saudi Arabia’s Mohammad Maziad Al-Tuwaijri were late entrants....
...“What you’re seeing is an expectation of a V-shaped recovery and that may prove to be too optimistic,” said one equity analyst....
...Donald Trump opened a new front in his diplomatic war with China on Tuesday, ordering the main pension plan for US federal government employees not to invest its portfolio in Chinese companies....
...); (v) the EU taxonomy; and (vi) a possible carbon border tax....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...Sheila Bair, who previously chaired the Federal Deposit Insurance Corporation, was also named to the board....
...The inquiry would find that Trump was warned countless times of the epidemic threat in his presidential daily briefings, by federal scientists, the health secretary Alex Azar, Peter Navarro, his trade adviser...
...(FT) Business shuns Prince Andrew The Duke of York is losing corporate support for his charitable work, with companies including KPMG and insurance company Aon distancing themselves from the Queen’s second...
...More on why that’s wrong in Trade Secrets, the FT’s must-read daily briefing on the changing face of international trade and globalisation. Sign up here....
...(FT) Trade war insurance US universities are looking to buy insurance policies against a drop in revenue from international students, fearing they are overexposed to China amid geopolitical tensions....
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