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...
...JPMorgan Chase and Bank of America were at 2.1 per cent and 2.3 per cent. At Capital One and Discover this was nearly 4 per cent. Cutting late fees also won’t affect companies equally....
...Soak it in: Bank of America frequently updates this futile but oddly charming mosaic, showing the best-performing assets each year since the turn of the century....
...Unions copy activist investors to take on corporate America A group of labour unions representing millions of workers wants Starbucks to wake up and smell the coffee....
...Take a break from the news V-necks have been verboten for as long as most of us can remember, writes Teo van den Broeke....
...The question on a lot of investors’ minds is, can the US keep on winning? This is Unhedged, the markets and finance show from the Financial Times and Pushkin....
...A handful of partnerships struck in the late-1990s by names such as Bank of America and private equity firm Hicks & Muse were wound down within a few years....
...Clubs should simply go to a bank if they need money, he added. “When a private equity fund comes to me, I say: ‘Sorry, but why do you come to me?...
...The Chinese property sector has emerged as the biggest threat to the stability of the global economy, fuelling a “dramatic shift” out of emerging market stocks and into the US, according to Bank of America...
...Central banks are cementing their view that rates will be higher for longer, while slower-moving investors have been wronger for longer....
...Amazon is investing $115mn in exchange for a minority stake in the television networks that screen some of America’s biggest sports....
...Faltering demand and market uncertainty pushed business activity in the Ulster Bank Northern Ireland Purchasing Managers’ Index down to 48.2 in July from 52.5 in June, indicating that a majority of businesses...
...Bank of America’s Private Bank says 2024 will be “a foundational year in which investors are likely to enjoy the classic underpinnings of traditional asset allocation”, such as those provided by Bank of...
...In May this year, a group of other directors sold a combined 1.36mn shares for £11mn at a 5 per cent discount through a secondary placing to institutional investors....
...As one supply-chain finance specialist put it to FTAV: “You’re really putting your supplier in the role of a bank”. And this does not necessarily mean that banks are not involved at all....
...They are the first fruits of a wider rollout, with GMO, a $61bn value-oriented house co-founded by the veteran investor Jeremy Grantham, and Eagle Capital Management, with $22bn of assets under management...
...On the policy front, central banks in emerging Europe and Latin America were particularly aggressive in raising interest rates to get ahead of inflation in the aftermath of the pandemic and the war in Ukraine...
...A survey by the Federal Reserve Bank of Dallas posted a score of zero for business activity growth in the second quarter among some 150 oil and gas groups in its region — suggesting any expansion had hit...
...Investors continue to study releases of economic data, which have so far pointed to an overheated economy, spurring central banks such as the US Federal Reserve and European Central Bank to commit to raising...
...When a bank recruits a team of advisers from a competitor or from an independent practice, it often makes “recruitment loans”, intended to be forgiven over a period of nine to 12 years....
...The nation’s four largest lenders — JPMorgan Chase, Bank of America, Wells Fargo and Citigroup — hold about 45 per cent of all bank deposits in the US, but represented less than 10 per cent of the outflows...
...Elsewhere on Wall Street, Citigroup and Bank of America were also hit by a decline in investment banking....
...investors?...
...“Early this year, markets got ahead of themselves in terms of pricing in Fed cuts, hoping this cycle would end sooner,” said Idanna Appio, a portfolio manager at First Eagle Investment Management....
...Haruhiko Kuroda as governor of the Bank of Japan....
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