Hints and tips:
...The firm also noted that besides traditional savings and checking deposits, SVB provided other types of accounts including money market funds, custodial arrangements and repos....
...After a 2018 law exempted banks of First Republic’s size from some of the most onerous requirements, the bank significantly reduced its federal lobbying spending....
...The questions private credit lenders are being asked are the same ones banks often face from the Federal Reserve on their risky lending activities: how rigorous is your underwriting, and will these companies...
...Now, it’s easy to understand why interest rates matter on financial products like savings accounts....
...Last week pension managers shared horror stories over cocktails at the Pensions and Lifetime Savings Association Conference in Liverpool....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...This is leading the US Federal Reserve and the Bank of England towards tapering Covid-19 stimulus and has emboldened the hawkish voices on the European Central Bank’s Governing Council calling for ending...
...However, the challenge is that the recovery will be rapid, and progress towards its goals will come sooner than the central bank expects....
...A temporary stamp duty holiday that offers purchasers a tax saving of up to £15,000 has fuelled a V-shaped recovery in the housing market since May....
...The findings echo analysis from the Bank of England last week, which calculated Britons had saved an extra £180bn in their bank accounts during the crisis, or almost 10 per cent of the UK’s annual gross...
...Additional reporting by Martin Arnold in Frankfurt and George Hammond in London...
...Federal Reserve chair Jay Powell warned that the pandemic still had the capacity to derail the country’s economic comeback....
...The EU drug regulator is also to launch an investigation next week into whether clinical trials of Russia’s Sputnik V Covid-19 vaccine contravened ethical and scientific standards....
...The Central Bank of Nigeria is attempting to temper the euphoria with warnings that inexperienced investors could lose their meagre savings....
...going to have a V-shaped recovery”....
...Savings are a necessary cushion, especially in the US, where more jobs have been wiped out....
...The quickest path to make sure that banks keep credit lines open, runs through the Federal Reserve....
...Casting doubt on the merits of a V-shaped recovery is hardly an earth-shattering view....
...Beyond rate cuts, Asian central banks have done more to ease liquidity shocks, from Bank Indonesia buying government bonds to the Bank of Thailand creating a corporate bond fund....
...purchases of corporate bonds — at least so far in the case of the US Federal Reserve — explains in part wider credit risk premiums....
...At the same time, the Federal Reserve has unleashed measures — including slashing interest rates, asset purchases, expanded lending facilities and swap lines with foreign central banks — that outstripped...
...Savings are expected to be greater than £100m vs. previous guidance of c£100m....
...My own feeling is that this will not be a V or even a U-shaped recovery, but a downwardly trending W that has a high risk of turning into a L....
...Rotork has the single largest exposure in our coverage (~50% v 60% in 2014 though)....
...Looked at differently, Cyclicals are still priced for a V-shaped recovery, which might not happen....
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