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...biggest investor in the world (Net Interest) — Will the true treasury term premium please stand up (Pimco) — Most of the US economy is in private markets (Apollo) — The continuing financial fragility of banks...
...The flipside to higher interest rates is people also want more for their savings....
...in giving customers with savings a better deal.”...
...thought it was Google’s April Fool’s Day joke (TechXplore) — The BoE with an awkward walk-and-talk on Instagram (Instagram) — How birdwatching’s biggest record threw its online community into chaos (Guardian...
...The rate of inflation in the UK peaked at 11.1 per cent in October 2022 but has not yet come down to the Bank of England’s 2 per cent target....
...However, competition in the savings and mortgage markets and expectations of rate cuts have weighed on interest margins....
...(Eater) — Tom Hollander says he received seven-figure Avengers bonus meant for Tom Holland (The Guardian) — A ranking of ‘hot guy books’ (GQ)...
...In its outlook, the RBA revised down its expectations for economic activity as higher interest rates weighed on household spending and boosted savings rates....
...Banks and other financial institutions are on high alert for any attempts to withdraw money using AI impersonations....
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...Indeed, having just read the latest investment outlooks from the major banks and asset managers, the only major stock market offering anything close to a 9 per cent expected return is China’s....
...household savings....
...Yet investors should take heart from the more than $800mn in cost savings now expected from the Bank of the West acquisition, up by 20 per cent from initial forecasts....
...But banks are finally having to pass on higher savings rates to depositors, according to JPMorgan and Wells Fargo, which also reported earnings....
...One respondent said these restrictions meant he was unable to obtain market-leading savings rates for his 91-year old mother. These trying experiences may well accord with your own....
...accounting watchdog has imposed multimillion-pound fines on PwC and EY for failures in their audits of London Capital & Finance, the defunct investment group at the centre of one of the biggest retail savings...
...BBVA will need to extract cost savings equal to 15 per cent of Sabadell’s operating overheads, after tax, about €312mn this year....
...From the bank: When can we expect sagging S&L tax revenues to moderate consumption and gross investment growth?...
...Most notable among them was National Savings & Investments, the state-owned savings bank, which raised the interest rate on its one-year fixed bond from 5 per cent to 6.2 per cent in August....
...“As we’ve been saying for a while, migration from checking and savings to CDs is sort of the dominant trend,” JPMorgan’s chief financial officer Jeremy Barnum told analysts on the bank’s first-quarter earnings...
...Will inflation eat into my savings and investments? Cash had appeal in 2023 due to climbing interest rates, but savings rates have started to fall in anticipation of the BoE making cuts....
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