Hints and tips:
...Now, it’s easy to understand why interest rates matter on financial products like savings accounts....
...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....
...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...
...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....
...Notably, in 2013, he reintroduced into macroeconomic discussions the idea of “secular stagnation”, first used by the Keynesian Alvin Hansen in the 1930s....
...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....
...Ole Hansen at Saxo Bank says: “Opec+ cannot afford not to reach an agreement with the current market price nowhere near the level many of the producers need to balance their budgets.”...
...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...
...This shift into reverse comes as central banks in Europe and Japan have embraced negative interest rates and investors expect further rate cuts from the US Federal Reserve....
...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....
...TPL has nominated Don Cook, 72, a retired four-star general of the US Air Force who has served on six boards of directors, including the Burlington Northern Santa Fe Railroad, USAA Federal Savings Bank and...
...The deal “will probably accelerate more regionals to pursue deals to improve efficiency ratios and drive scale”, said Chad Borton, president of USAA Federal Savings Bank....
...Hailed for “saving the euro”, Mr Draghi’s eight-year tenure has also changed the DNA of the institution....
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