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...Boutique banks’ revenues jump thanks to troubled companies Higher interest rates are driving companies to look for lifelines, and smaller investment banks might just have the answer....
...Boeing’s chief financial officer, Brian West, told investors last month Boeing and Spirit must first agree on pricing, financing and how to divest the work Spirit does for others, such as its rival Airbus...
...During the first quarter, Wells paid a rate of 2.34 per cent on its interest-bearing deposits, nearly twice what it paid a year ago....
...The report followed last week’s US data showing a 16 per cent decline in deal volumes in the first quarter from a year earlier....
...No matter what the rate, they will try to extend the runway to that . . ....
...But this was only possible because rates had collapsed. It might be harder to pull off this trick in a much higher rate environment....
...Merchants will for the first time be able to assess customers different rates for all cards, rather than being able to differentiate based only on the credit card network....
...Jeremy Hunt has warned the Financial Conduct Authority against its plan to “name and shame” companies under investigation in an unusual broadside against the UK’s top financial regulator....
...The first possibility looms larger, though. What might the review of the financials reveal? What unsettling news about credit quality is in store?...
...First, do financial conditions diverge on either side of the Atlantic? Second, do interest rate differentials have a significant effect on the value of the euro?...
...“The once steady stream into bond ETFs witnessed a slowdown, reflecting investor recalibration of rate-cut expectations,” says Garcia-Zarate....
...Berkshire reported solid earnings in the first quarter, driven almost entirely by improvements in its insurance businesses as well as a boost from higher interest rates....
...The group noted steady improvement in its “outflow rate and decay rate”. Active ETFs — on which many active managers have pinned hopes for attracting new capital — have grown in popularity....
...They can make up the revenue shortfall by raising annual card membership fees and interest rates, or roll back rewards for cardholders....
...But these early-pandemic winners have collectively shed more than a third of their total market value, the equivalent of $1.5tn, since the end of 2020, Financial Times calculations based on Bloomberg data...
...Moreover, even this government bond demand was redolent of a safety-first vibe, with flows to US-listed short-term (up to three years) Treasury ETFs turning positive for the first time since October and...
...The start of the year is typically a strong period for banks’ trading businesses with clients returning in January and taking new financial bets, but markets have lacked much of the frenzy of the past few...
...Bailey sought to combat market perceptions that the BoE might delay its first rate cut if the US was slower to cut borrowing costs. “There is no law that says that the Fed moves first,” he said....
...Although Airbnb’s gross bookings rose 12 per cent to $22.9bn in the first three months of the year, that marked a slowdown from the 15 per cent recorded last quarter and higher historical growth rates....
...Because of the size of the US economy and the outsized influence of its financial markets and the dollar, the Fed usually leads the way on changing rates....
...The continued popularity of income-generating ETFs, active fixed income ETFs amid interest-rate uncertainty and financial adviser interest in core strategies from firms such as Capital Group and JPMorgan...
...Robert Silverman, managing partner at LJJ Fund, a New York-based opportunity fund, said the low interest rate environment during the first few years of the programme “fuelled an enormous amount of people...
...Chief financial officer William Chalmers said the bank continued to expect three base rate cuts by the Bank of England, with the first one expected around the middle of the year....
...Delta Air Lines last week raised the price of checking in a first bag from $30 to $35....
...Most of the nearly $500bn increase in assets under management in the first quarter was due to rising equity markets. In the US, the S&P 500 had its best first quarter since 2019....
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