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...Banks have since significantly tightened up scrutiny of clients, with approvals for setting up private banking accounts and new family offices in the city-state now stretching into months and in some cases...
...More US credit card accounts were past due on their payments to the largest banks at the end of 2023 than at any time since 2012, according to data from the Federal Reserve Bank of Philadelphia....
...ECB vice-president Luis de Guindos told Le Monde this week that the central bank would “need to take the impact of exchange rate movements into account”....
...Then look at the Case-Shiller home price index. What’s Case-Shiller doing? It’s rebounding. Housing is recovering....
...In a system comprised of over 4,500 banks, the top 10 already account for 60 per cent of all industry assets. The six largest hold half....
...— Argentina recently had a big win in court thanks to a “magic bullet” in its GDP warrants, via Friends of Alphaville Mitu Gulati and Mark Weidemaier (Clauses & Controversies) — Banks seem . . . not uniformly...
...Homeowners, holding cheap legacy mortgages, become unwilling to sell their homes....
...Banks must suspend accounts or transactions that they suspect involve criminal funds....
...Banks are unlikely to offer the same high yield on their savings accounts due to costs of intermediation. Direct debt sales to retail investors will therefore suck out funds from bank accounts....
...The US Federal Housing Finance Agency on Tuesday said it plans to rein in a group of 11 regional government-backed wholesale lenders, the Federal Home Loan Banks, that became a key source of funding for...
...accounts....
...Last week the US Federal Housing Finance Agency presented its report on the future of the Federal Home Loan Banks....
...Selling Mayfair: The new owner of the Sotheby’s London real estate franchise aims to disrupt the business of selling multimillion-pound homes in the city....
...inflation versus food-away-from-home getting back to its historical dynamic, which means some of those consumers are just choosing to eat at home more often . . ....
...My wealthy aunt died recently at her home in London, leaving property assets there and in Switzerland, plus bank accounts, various overseas trusts and share portfolios....
...Would-be homebuyers who have been dreaming of Federal Reserve rate cuts might need to dial down their hopes....
...charging the banks’ accounts at the Fed....
...US banks have already started to report a squeeze on margins in their lending business as depositors switch to higher-yielding accounts, while markets are preparing for central banks to start cutting interest...
...Shohei Ohtani’s former interpreter was charged with bank fraud by the US Department of Justice, which accused him of wiring more than $16mn from the Los Angeles Dodgers baseball star’s bank account to pay...
...A senior European Central Bank executive has said publishing the interest rate forecasts of its policymakers — similar to the US Federal Reserve’s so-called “dot plot” — could help to address shortfalls...
...Surely, the solution is simply to convert offices into homes en masse? Probably not, at least in the US, according to Goldman Sachs....
...Losses in the insurance subsidiary are not reflected in the bank’s consolidated accounts....
...Trump appointed Mark Calabria as the head of the Federal Housing Finance Agency [the Fannie and Freddie umbrella organisation]....
...The writer is a former Federal Reserve economist, founder of Sahm Consulting and a writer of the Stay-at-Home Macro blog Consumer prices in the US rose more than expected in January, largely owing to shelter...
...Worries have persisted as banks disclose exposure to losses on commercial real estate loans as work from home leaves offices underused....
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