Hints and tips:
...“Non-bank intermediaries’ share of total financial system assets increased from 31 per cent to 36 per cent” between 2007 and 2017, observes a report from the IESE Business School, using this FSB data....
...The US bank is selling servicing rights, which involves chasing late payments and dealing with administration, on about 780,000 mortgages backed by Fannie Mae and Freddie Mac....
...One US bank representative criticised exemptions for Chinese banks, after the FSB, in a November consultation document, said that banks deemed to be “globally systemically important” and “headquartered in...
...hell into consumer paradise is that the result can look twee and fake or, almost as bad, that it becomes an alternative universe entirely inhabited by thin young men with beards toting rye bread and Apple Macs...
...The FSB insists it has become better at monitoring these shadows; we had all better hope it is right. ● The system depends more than ever on investor faith in central banks....
...(Bloomberg) Apple will move manufacturing of some Mac computers back to the US next year, the first time in more than a decade that its products will be made as well as designed in America, its chief executive...
...This is clear in The Economist’s Big Mac Index, where prices for the very same culinary delight range from $1.95 in China to $7.20 in Norway....
...Linguee also offers easy access to its service through Firefox and Internet Explorer search boxes and a Mac dashboard widget....
...Freddie Mac said on Tuesday that delinquencies were declining and loan modifications were on the rise, as struggling homeowners made progress avoiding eviction, and the National Association of Realtors reported...
...Countrywide, America’s largest mortgage lender, was bailed out by Bank of America. Others, such as Indy Mac, American Home Mortgage and New Century Mortgage, died with nary a whimper....
...However, he said banks should offer loans, since cash flow was key to avoiding bankruptcies. The FSB is asking local councils to waive business rates for flood-affected companies....
...After Lehman collapsed last September, Barclays Bank and Nomura bought substantial parts of its business....
...Fannie Mae and Freddie Mac were largely the tools of political intervention in the US housing market....
...- “Over the past weekend, I have seen news reports which have fairly and accurately reported on the conversion of Indy Mac Bank into a conservatorship operated by the FDIC....
...The Fed’s direct interventions have been few: it helped rescue Bear Stearns, took over Indy Mac, and is close to the situation at Fannie Mae and Freddie Mac, the struggling mortgage groups bailed out by...
...Mortgage giants Fannie Mae and Freddie Mac also remained on the minds of investors amid ongoing worries about their long-term financial health....
...The FDIC is running IndyMac until it can be sold....
...They were uplifting and summery in tone, if not subject matter: one was directed against the far-right British National Party, another was a cover of Fleetwood Mac’s break-up anthem “Go Your Own Way”....
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