Hints and tips:
...Additional contributions from Camille De Guzman and Benjamin Wilhelm...
...Highlighting continued caution from regulators, the agency last month delayed an approval decision on donanemab, Eli Lilly’s Alzheimer’s drug....
...The Financial Conduct Authority has fined credit reporting agency Equifax just over £11mn for failing to protect the data of nearly 14mn UK customers caught up in one of the largest ever cyber security breaches...
...The US Steel board has now deferred to another American value: capitalism....
...Loewy, a suave French-born industrial designer who had a way of claiming credit where credit was not necessarily due. He did not design the Coke bottle, as the Loewy Foundation website still suggests....
...“We expect the debt affordability of the UK to remain relatively weak,” said Evan Wohlmann, a senior credit officer at rival rating agency Moody’s....
...And on the very same day, the credit rating agency Fitch stripped America of its hallowed AAA tag, echoing a similar 2011 move by Standard & Poor’s....
...Job moves American Express chief financial officer Jeffrey Campbell will retire in August after 25 years at the credit card group. He’ll be replaced by deputy CFO Christophe Le Caillec....
...Fitch, the credit rating agency, has placed the US’s triple A rating on watch for a possible downgrade as talks to resolve a looming fiscal crisis dragged on without a deal nearly a week before a possible...
...It limits credit risk and is available on the exchange.”...
...Karin’s decisive actions in dealing with the Credit Suisse banking crisis earlier this year rescued the Swiss economy. We all owe her a debt of gratitude....
...Treasures of the American experiment....
...American Express followed on Sunday, adding that it would also terminate all business operations in Belarus....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...His company, Nova Credit, partners with credit reporting agencies around the world to create a standardised “credit passport” immigrants can use to access financial services when they move to a new country...
...For our readers elsewhere, here’s an explainer on the newest national American holiday....
...His mother was a Time Inc executive, and his father a Washington diplomat who worked for the US Agency for International Development....
...The agency’s safety standard remains extremely strict, as does that of EASA, the EU regulator, which is certifying Lilium....
...Hilton, for example, raised $1bn during the pandemic just by selling advance loyalty points to its credit card partner American Express....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
...He hoped the deal would give him time to repair his credit and eventually qualify for another mortgage....
...American International Group, the insurance company that was a pioneer in the business, has made billions of dollars in profit out of housing tax credits, according to a lawsuit filed in 2017 by several...
...It has had to raise more than $1bn from its existing investors and tap credit lines from banks to shore up its financial position....
...Leading into 2020, banks including JPMorgan Chase, American Express and Citigroup each launched flexible payment options tied to existing credit cards as an answer to point-of-sale financing....
...American sold two tranches of high-yield bonds, rated Ba2 by credit rating agency Moody’s, at far lower interest rates than the 11.75 per cent it paid last summer....
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