Hints and tips:
...An executive order in 2021 called for a “revitalisation of merger oversight” to “ensure Americans have choices among financial institutions and to guard against excessive market power”....
...If the FDIC extends insurance, that would reduce the panic. A halt to rate rises would reduce the business squeeze....
...Howard’s paintings aren’t there to inform people. They move them.” The Howard Hodgkin Indian Collection will be displayed at The Metropolitan Museum of Art in 2024....
...(At risk of stating the obvious, branch numbers don’t include bank headquarters, where Americans did most of their financial business in the days of It’s a Wonderful Life....
...A different type of mess is now surrounding Lincoln National Corp, the Radnor, Pennsylvania-based insurance company that lends the stadium its name....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...Howard Schultz was supposed to be in the White House by now, healing America’s divisions with empathetic concern and entrepreneurial practicality....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Because the crafty Canadians basically just copied the basic design of the American Stock Exchange, which had engineered the product in conjunction with State Street to reinvigorate the struggling bourse...
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...News clip 6 Banking fallout continues as the American government tries to orchestrate a rescue of First Republic Bank with the aid of . . ....
...The responses point to higher fuel and utility bills, rising National Insurance and business taxes, supply chain disruption and the combination of higher wages and labour shortages....
...“There is no alternative,” Marks concludes. “Tina — ‘there is no alternative’ — and Fomo — the ‘fear of missing out’ — are two acronyms that kind of rule the market right now.”...
...The agency, which has received the backing of Donald Trump, the US president, can support American and other private companies investing in developing countries through loans, insurance and now equity, a...
...He hasn’t announced a blank-cheque deal since January, when his Social Capital Hedosophia Holdings Corp V announced a tie-up with the digital lender SoFi....
...the American nuclear reactor-maker Westinghouse....
...We lack the social insurance of large gas stocks. Uncertainty about the wisdom of policymakers will persist after the [Liz] Truss experiment....
...In the news Apollo to merge with Athene Apollo Global Management is to merge with Athene Holding, the life insurance company it created at the height of the financial crisis, transforming the alternative...
...The law had imposed a penalty on Americans who did not purchase healthcare insurance, an “individual mandate” that the 2012 ruling interpreted as a tax, but Congress in 2017 set the penalty at zero....
...The world’s biggest alternative asset manager recorded a 22 per cent investment loss in its private equity business in April....
...A California couple pleaded guilty on Friday in connection with a Ponzi scheme that swindled almost $1bn from American blue-chip companies including Warren Buffett’s Berkshire Hathaway and the insurance...
...asked Howard Marks, the billionaire co-founder of Oaktree Capital, in a letter to clients this month. “Or doesn’t anyone care?”...
...One of the strongest bastions of stockpicking, the UK is now following the US by embracing the low-cost, index-tracking approach pioneered by BlackRock and its American rivals Vanguard and State Street Global...
...Albertsons’ executives had been focused on a public listing that would see shares of the Cerberus-backed group trade on the New York Stock Exchange alongside blue-chip names such as American Express and...
...You need an effective and credible alternative,” he said....
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