Hints and tips:
...HSBC USA is in the process of selling hundreds of millions of dollars of commercial real estate loans, potentially at a discount, as part of an effort to wind down direct lending to US property developers...
...while Sumitomo Mitsui Banking Corporation has a partnership with Jefferies Financial Group....
...One of the weirdest aspects of the global financial system is that the entire edifice rests precariously on a shrivelled market dominated by obscure US mortgage co-operatives and a motley group of foreign...
...The vast majority of this agency debt consists of discount notes issued by the Federal Home Loan Bank system, a US-government backed group of institutions that purchase mortgages issued by local banks....
...Corporation tax is a tax on investment not on shareholders, corporation tax revenue should be reduced to zero....
...“A lot of what SVB did — events, mortgages, venture loans — made no sense economically unless you saw the full life cycle of the relationship,” the head of one multibillion-dollar venture firm said....
...But their large deposits exceeded the Federal Deposit Insurance Corporation’s insurance limits and were susceptible to flight....
...The resignations this week are “a sign that corporations and their leaders are being roped into the culture wars”, says Professor André Spicer, dean of Bayes Business School....
...Standard Chartered’s profits surged 40 per cent to $1.4bn, while HSBC reported a rise to $6.5bn from $5.5bn....
...The Swiss authorities quickly brokered a takeover by arch rival UBS, while in the UK the Bank of England secured a takeover of SVB’s troubled UK subsidiary by HSBC for £1....
...Adding all that up for JPMorgan comes to 12 per cent — less than Credit Suisse Holdings USA (13.5 per cent), Goldman Sachs (13.3 per cent), DWS USA Corporation (13.2 per cent) and Morgan Stanley (13.3 per...
...I called our CEO and we wired 97 per cent of our deposits to HSBC by midday on Thursday.” By Friday morning, the bank was bust....
...What else we’re reading The US legal move letting corporations off the hook 3M, the conglomerate, is part of a recent trend whereby US corporations make use of the bankruptcy court not because they are...
...While it would be nice to see a woman president eventually, people can’t seem to get over Warren’s self-presentation, which is a bit frantic, and Klobuchar (Midwestern, practical, down on big corporations...
...Credit Suisse’s Asia-Pacific M&A head Christopher Chua is leaving the Swiss bank to help lead HSBC’s Asia M&A business, per Bloomberg....
...As a proportion of GDP our debt remains lower than the USA, Canada, France, Italy and Japan....
...“Blaming big corporations is always a proven path in a recession to deflect from a government’s own policy failures.”...
...HSBC became the first foreign lender to install a Chinese Communist party committee in its investment banking business, highlighting tensions facing the bank as it tries to navigate between Beijing and the...
...Households will feel a very sharp squeeze. Simon Wells, chief European economist at HSBC: The UK is likely to underperform the eurozone through 2023....
...in PPI, endowment mortgages or diesel cars....
...Mars — which is best known for its eponymous chocolate bar, but now earns a huge chunk of its revenue feeding dogs and cats — yesterday joined a host of other major corporations by promising to eliminate...
...David is one of a growing number of small shareholders who are trying to use their position as investors to help bring change at large corporations....
...Lenders who provide mortgages to home buyers who can only afford a 5% deposit will benefit from a government guarantee on those mortgages....
...Lenders who provide mortgages to home buyers who can only afford a five percent deposit, will benefit from a government guarantee on those mortgages....
...Since May, the Delaware Court of Chancery has played (virtual) host to a bewildering array of parties scrapping over whether SoftBank was wrong to walk away from a $3bn tender offer it made when it rescued...
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