Hints and tips:
...They say the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency have exceeded their remit and could diminish the competitiveness of US banks by unilaterally...
...In the second quarter, net interest margins rose at most big US banks, as shown in the chart below from the Federal Deposit Insurance Corporation....
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...The moves left BofA with more than $100bn in paper losses at the end of the first quarter, according to data from the Federal Deposit Insurance Corporation. Read more on BofA’s blunder. 3....
...The new rules, which were proposed by the US Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, would apply to banks with more than $100bn in assets...
...US bank turmoil: The Federal Reserve will release its highly anticipated report into the collapse of Silicon Valley Bank and, separately, the Federal Deposit Insurance Corporation reports on how it supervised...
...This is well ahead of the average US savings account rate of 0.37 per cent, according to data from the Federal Deposit Insurance Corporation....
...If we are right that consumer spending, despite some recent softening on the margin, is still at or above trend, that is another thing for Powell et al to fret over....
...Nationwide, the average rate on a traditional savings account stands at 0.39 per cent, up from 0.06 per cent a year ago, according to the Federal Deposit Insurance Corporation....
...In separate testimony released on Monday, Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, called for “special attention” to be paid to the regulation of banks with more than $100bn...
...Barr appeared alongside Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, and Nellie Liang, under-secretary for domestic finance at the Treasury....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...And corporations of all types use longer-term currency swaps to hedge their own foreign currency bond liabilities (McBrady et al (2010), Munro and Wooldridge (2010)). The BIS’s suggestion?...
...In breaking down the deal, the Federal Deposit Insurance Corporation said First Citizens would take over $72bn of SVB’s assets, $119bn of its deposits and its 17 branches....
...She is the company’s first outsider and first female CEO, one of only 52 women leading Fortune 500 companies....
...The Federal Deposit Insurance Corporation, which took over SVB on Friday, is restarting the auction for the bank, after failing to find a buyer over the weekend....
...We think the SEC should stay away, but we were struck by a thoughtful Twitter thread by Todd Phillips, a policy consultant and former Federal Deposit Insurance Corporation lawyer, arguing the other way....
...You’re damned if you do and you’re damned if you don’t’ Sheila Bair helped lead the response to the 2008 financial crisis as head of the US Federal Deposit Insurance Corporation....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Go deeper The Fed must emulate the tactics of Volcker’s fight against inflation, writes former chair of the US Federal Deposit Insurance Corporation Sheila Bair. Five more stories in the news 1....
...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....
...corporations to merge....
...Sheila Bair, former chair of the US Federal Deposit Insurance Corporation, writes in the FT that the current Federal Reserve leadership should take lessons from its former chair Paul Volcker and his successful...
...Good morning and welcome to Europe Express....
...What else we’re reading Banking on cannabis US federal law still classifies marijuana as an illegal substance. That’s why America’s biggest banks have opted out of serving cannabis companies....
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