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...She also urged the government to extend the Recovery Loan Scheme that has offered small and medium-sized businesses a lifeline since the Covid-19 pandemic and is due to expire in June....
...UBS, on the other hand, will need to fully integrate Credit Suisse first and may be more parsimonious. The trouble is, this level of payouts does not look sustainable....
...Europe relies more heavily on bank lending than the US and many other countries, making growth and inflation in the 20-country single currency bloc particularly sensitive to changes in credit supply....
...Italy has used nearly €14bn of its recovery funds to partially finance a tax credit scheme for building renovation, which has a total price tag of €100bn to date....
...There’s undoubtedly going to be some findings implicating the chefs (the regulators), the ingredients (Credit Suisse issues), and, I think, the recipe (applying bank recovery and resolution methodology)....
...The pick-up in mergers and acquisitions could usher in Wall Street’s long-awaited recovery for investment banking....
...Azour stressed that the “recovery is mild, with a lot of caveats”....
...One might ask why these companies prefer these private credit refinancings instead of pursuing a painful, but cleansing, immediate bankruptcy to flush out excess debt....
...“The easing in credit conditions for secured lending is supporting the economic recovery, which may lead to stronger growth than the Monetary Policy Committee expects,” said Tomasz Wieladek, economist at...
...While “there is still plenty of doubt about how strong and durable the eurozone recovery will be . . . the recession risk has faded considerably”....
...There was little immediate market reaction to the news, albeit with the US Treasury market closed for a federal holiday....
...After more than a decade, last year credit rating agencies returned Greece’s bonds to “investment-grade”, following improvements in its fiscal management....
...Last week, it became the first to take advantage of a feature of the so-called “Section 45x” programme which allows it to sell the credit for immediate proceeds....
...BA is IAG’s profits engine and was responsible for €1.4bn in operating profit in 2023, but its recovery has lagged behind other airlines in the business....
...The US economy has outperformed developed-market peers in the post-Covid recovery....
...Beijing has undertaken a series of piecemeal stimulus measures, including loosening critical lending rates and stepping up access to credit in strategic sectors, in particular in the property sector, which...
...Private equity firms that buy out companies are taking advantage of a recovery in global corporate bond and loan markets, after the Federal Reserve signalled that inflation had been sufficiently tamed for...
...In the absence of an immediate flood of new business from Credit Suisse, shareholders will have to hope for it in the medium term....
...“An excessive focus on short-term wage developments may not take into full consideration the recovery in wages that can — and needs to — take place for the euro area’s currently fragile recovery to gain...
...The ECB said on Tuesday its quarterly survey of lenders showed “demand for loans from firms declined substantially, contrary to banks’ expectations of a recovery”....
...ICBC Credit Suisse Asset Management became the latest firm to announce on February 8 that it would reduce management and custodian fees for its ICBC Credit Suisse CSI 300 ETF with immediate effect, according...
...There has been an anticipatory rally in the shares of listed PE firms, which would most benefit from an M&A recovery, as the chart below shows: This case is helped by the fact that more dealmaking is precisely...
...Edward Luce responds Rana, I agree that we can shape the kind of recovery we want — and Biden deserves credit for ensuring America’s was stronger that it could have been....
...Winslow said the group had “identified immediate actions we can take in 2024 to create value” as well as promising a “comprehensive strategy review” to be unveiled in July....
...In the immediate aftermath of Monday’s quake, social media posts reflected mostly concern for the victims and praise for officials’ response, as well as advice for disaster survival....
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