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...The CMU, first proposed almost a decade ago, has stalled amid resistance in national capitals to handing more powers to Brussels....
...however, has claimed releasing the files would undermine confidence in it and strengthen potential legal claims against the Swiss state, according to a letter the regulator wrote last month to the Swiss Federal...
...The machinists also plan to pursue a two-pronged strategy to win a board seat, first in contract talks and then next year via a campaign targeting Boeing’s 2025 shareholder meeting....
...the chair of the Federal Deposit Insurance Corporation has warned....
...Petitions to form unions in the US are on course to reach historic levels this year, according to federal data, as the labour movement seeks to capitalise on the success of last year’s high-profile strikes...
...The great majority of private credit funds poses little maturity transformation risk, yet the growth of semiliquid funds could increase first-mover advantages and run risks....
...of 2022, “indicating weakening debt service capacity”, according to the Fed’s research....
...More and more market participants and pundits are betting that stalling disinflation might stop the Federal Reserve from cutting rates at all in 2024....
...However, there were also signs of banks starting to stabilise the availability of credit to the economy in the first three months of this year, following a four-year tightening period, as they cut the cost...
...Capital One Financial, which is buying rival Discover Financial Services, is up 50 per cent. Americans held more than $1.1tn on their credit cards at the end of 2023, an all-time high....
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...The bank said much of the jump in loan losses was tied to credit cards and commercial real estate. The bank said it took losses on 16 different office loans in the quarter....
...chain had also agreed to allow customers to tip workers with credit cards at unionised stores for the first time in a “sign of good faith.”...
...Inflation is falling faster than forecast in Europe while exceeding expectations in the US, prompting investors to predict the European Central Bank could cut interest rates earlier than the Federal Reserve...
...Capital One’s $35.3bn proposed takeover of Discover Financial Services would fuse two leading credit card lenders and give it control of a network that connects consumers, merchants and banks....
...Credit card interest and fees increased by $51bn in that time to $157bn, according to data provided by US banks to the Federal Deposit Insurance Corporation....
...Strong economic data in the US and mounting tensions in the Middle East have pushed back the date when the US Federal Reserve is expected to cut rates....
...The industry then was dominated by high-risk loan tranches and second-lien lending, and many funds mixed junk bonds and distressed loans into portfolios, whereas today the industry is focused on first-lien...
...“The minute the Federal Reserve has concretely signalled that they’ve stopped raising rates, let alone the point at which they first do a rate cut, these markets will take off,” he said....
...In addition, reforms have introduced new friction, Balkanising service delivery in ways that does no one any favours....
...But you are in the FOMC [Federal Open Market Committee], sitting around the table, you’re saying inflation has come down from the peak in 2022. That’s great. And went down from 9 per cent to roughly 3....
...The country’s main opposition party, the conservative Christian Democratic Union, was also the target of a recent hacking attack directed by Moscow....
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...During the period Scope Group entities provided other advisory services to Greensill as well as credit ratings, such as “industry risk reports” Esma said, and it failed to flag these services when rating...
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