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...The US state department last year shared research with European countries that warned that a conflict over Taiwan would trigger an economic shock causing annual losses of as much as $2.5tn....
...On top of the usual burdens, the city is also now bearing the cost of an epic influx of migrants — many from Venezuela. Some of the rich have already left to low-tax states like Florida and Texas....
...According to the 2023 Direct to Consumer Wine Survey by the Silicon Valley Bank, the average cost of a “reserve tasting” in Napa Valley was $128....
...After all, the money centre banks (which sponsored enactment of the FSIA), trust companies, and major law firms were all headquartered there....
...Note in from Bank of America: the West is in decline. Specifically, the American West is in decline....
...Turnpikes and then a railroad connected it to the Ohio valley. That essential argument for Baltimore remains today....
...gillan.tett@ft.com Letters in response to this column: IMF can help fix the system of sovereign debt restructuring / From Reza Baqir, Former Governor, State Bank of Pakistan (2019-2022); Global Practice...
...When he wrote on his website, “I believe in the United States of America. I believe in a strong national defence....
...Meanwhile, the moon was already at the heels of the sun, and a fine bank of cloud, torn like old cloth, had gathered on the far horizon....
...of England fines former chief of Wyelands Bank for ‘multiple’ failings (FT) Citadel Securities bids for Credit Suisse’s China business (FT)...
...to rebuild public trust”....
...billionaire’s lawsuit (FT) Bank of England fines HSBC £57mn over deposit protection failings (FT) Silicon Valley investors build $300bn cash pile in start-up funding crunch (FT) Delivery Hero exits Deliveroo...
...But the reality (HT Mitu Gulati) was a bit of a let-down: The United States of America respectfully submits this Statement of Interest in accordance with federal statutes that authorize the United States...
...Inflation in the United States and the 20-country eurozone is easing, fuelling speculation that central banks may cut interest rates later this year after record-high rates since the Covid-19 pandemic and...
...Bank of America, Johnson & Johnson and Morgan Stanley report earnings. Five more top stories 1....
...It attracts people beyond the need of visiting elements of banks and shops and jobs. It has its own life. By that account, San Francisco is still OK....
...But Gautam Puntambekar, country executive for Bank of America, says that “when you talk about semiconductors, Malaysia is invariably part of the conversation”....
...Unhedged: Last year we had some major banking incidents, one here in Switzerland, several in the United States. What did we learn?...
...as “Cancer Alley” and “Death Valley”....
...Bank of America has estimated that the industry could be worth as much as $1.1tn by the end of the decade....
...Every day, the Telegram channel Gun Shop America posts a steady stream of photographs of illicit wares for sale to its near 26,000 subscribers....
...Almost $14bn of Bank of America’s total $73bn outstanding commercial property loans are in California....
...Already the region is home to many of the world’s largest companies including Walmart, Bank of America, Lowe’s, and newer high-growth companies such as Tesla....
...houses the Great America theme park and Levi’s stadium, home of the San Francisco 49ers....
...And so that means money starts to pick up and leave Latin America, Africa, emerging Asia and move back to the United States. And those countries are very dependent on capital flows....
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