Hints and tips:
...Listening to a recent FT Behind the Money podcast about JPMorgan Chase, however, made me wonder if banks might not be the most interesting and perhaps even the most extreme example of that dynamic....
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...It’s from JPMorgan analysts Tien-tsin Huang et al, who cover IT services at the bank....
...The FANG+ index — which includes Tesla and Baidu as well as Facebook et al — may be only down a little at pixel time, but it has plunged by just over a quarter since the turn of the year....
...In the second quarter of this year, growth in card loans at JPMorgan Chase, Citigroup and Bank of America were 0 per cent, -5 per cent, and -10 per cent, respectively....
...By the time of Lehman Brothers’ collapse, there remained two US tri-party agents: JPMorgan Chase and Bank of New York Mellon....
...to central bank reserves, by most dealer banks except one — JPMorgan (also see, Ihrig et, al, 2018)....
...Feldman et al. have a sense why that is:The access to capital investment and the ability to spread risks among many small shareholders appears to facilitate heavier investments in R&D, arguably the riskiest...
...Addison Lee, the mini cab company that was bought by Carlyle just months before Uber et al made it on to the scene....
...Who ultimately wins the stand-off — Mr Dimon et al or the market — will hang in part on how duty-bound JP feels to stand by its pledge....
...Facebook et al may not need the intellectual capital, but they sure needed their cash....
...Statistical studies (see for example Gadea et al) confirm that there has been no significant break in the behaviour of volatility in the five year period since 2008, compared to that experienced during GM...
...(Financial Times)(Wall Street Journal)(Bloomberg)(FastFT) Moody’s may downgrade biggest US banks, saying bailouts less likely in future: Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo could...
...But, as Neil notes, things could have been worse without all that warehousing shenanigans from Goldman et al....
...(Financial Times) EU proposals for Libor et al to be unveiled today: “[B]enchmarks that are deemed to be “critical” would be overseen by a college of national supervisors led by the Paris-based European...
...So it’s not surprising that the first response from Buchheit et al is to answer back with bits of the bond contract that suggest sneaky loopholes instead....
...Jesus never felt the need to ask Matthew, John et al about their taste in gnomes....
...Ratings triggers, forced sales, systemic cliff risk, et al. Still a feature in some eurozone periphery bonds, despite the rally. Portugal for instance....
...The case (now called FCC v. Fox Television Stations et al) was appealed to the US Supreme Court, where it was debated on Tuesday....
...Abrahamson et al find evidence that “strategic pricing” (implicit collusion) is as strong as ever in the US IPO market....
...The frantic effort by Goldman et al to quell public outrage over their industry’s compensation practices has successfully brought the top three: Blankfein, Citi’s Vikram Pandit and JPMorgan’s Jamie Dimon...
...Messrs Cable, Darling et al say they don’t care! They should. Moving key staff (100 or so) plus capital is relatively inexpensive....
...“A rally past the first week of May would force us to reconsider this view, as it would suggest a ‘V’ bottom is more likely.”...
...The picture is much more subtle and insidious than the WSJ and Andrew Cuomo et al make out....
...What really happened at Northern Rock, Royal Bank of Scotland et al? This gives you a clearer idea....
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