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...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, has been given the task of convincing Canada’s pension funds, which manage more than C$4tn (US$2.9tn), to allocate more capital at home....
...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, is charged with convincing Canada’s pension funds, which manage more than C$4tn (US$2.89tn), to allocate more capital at home....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...North American banks have only just happened upon this wheeze. In Canada total transactions jumped to C$87bn ($64bn) last year, according to Bloomberg, up nearly nine times since 2021....
...The bond’s guaranteed principal payment is expected to be AAA-rated by S&P, according to the World Bank. The bond will be listed on the Luxembourg Stock Exchange....
...At nearly 12 per cent it dwarfs the 7.5 per cent that US high-yield bonds pay, and is close to the effective yield of super-junky triple-C bonds....
...The Granolas’ share of the Stoxx Europe 600 index has climbed to 25 per cent, approaching the Magnificent Seven’s 28 per cent weighting in the S&P 500....
...With just 1.2bn people having an income above $12K a year, Apple is valued on an EV per pop of c$2,300, which requires c$800pp of annual spend, on the global equity strategy team’s calculations. 4....
...Some would probably argue that more information is not the same as better information . . . but c’mon....
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...Still, though, the bank’s new credit rating, two notches below investment-grade, includes the likes of AT&T and Walgreens. It isn’t yet obvious this is a bank failure waiting to happen. Disagree?...
...The moves came after San Francisco Fed president Mary C. Daly late on Monday acknowledged the central bank’s “progress” on inflation and appeared to throw her weight behind three rate cuts next year....
...We’re also due a stream of central bank speakers, alongside monetary policy meeting minutes from the Fed, the European Central Bank and the Reserve Bank of Australia....
...“I think the market has really written off 2024 in terms of any sustained upside rally,” said Charlie Macnamara, head of commodities at US Bank....
...to c.$1.2bn....
...As Bolgona puts it: From a high level, relative to electing to account for loans at amortised cost, electing the fair value option provides a P&L tailwind during periods of loan growth due to recognising...
...However, in order to size the potential maximum impact to banks’ P&L, a scenario we think would be unlikely but possible, for example in times of financial distress, we have assumed that everyone older than...
...As much as 45 per cent of the financial companies in the S&P 500 have no women among their “named executive officers”, those C-suite members important enough to have their pay officially disclosed, according...
...“We had a lot of good news in recent months, helped by falls in inflation,” said David Hollingworth, associate director at broker L&C Mortgages....
...around 3.8% of the total value of all S&P 500 shares traded (or the equivalent of just over 100,000 E-mini S&P 500 futures — as an old futures and options trader, these numbers made me gulp!)....
..., UK, US: S&P Global/HCOB services purchasing managers’ index (PMI) figures Indonesia: Q4 GDP figures Mexico: Constitution Day holiday....
...(c) 1 LOB (“Services”) = almost all of Citi’s market cap....
...The very best rates have been slowly nudging down but positive inflation figures and the hold to base rate should add momentum to that trend,” said David Hollingworth, associate director at broker L&C Mortgages...
...Credit rating agency S&P Global downgraded Ethiopia’s debt to default on December 15 after the initial deadline for payment was missed....
...Looks like S&P Ratings doesn’t find “attestations” especially convincing, either....
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