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...Goldman Sachs and Morgan Stanley, whose businesses skew more towards investment banking and money management, report earnings on Tuesday....
...Further down the credit quality ladder, low-grade borrowers including Kinetic Holdings, automobile financing firm Credit Acceptance and residential mortgage company PennyMac Financial Services are among...
...Financier JP Morgan bought it from Carnegie and combined it with a rival to form “the nucleus” of the company....
...JP Morgan published a deep-dive earlier this month into UK mortgages, showing how the refinancing of fixed-term loans at higher rates will be a two-year problem: Housing costs are more than a quarter of...
...Business Icons [hi-res] Name these companies Apple Goldman Sachs FTX Caterpillar Johnson & Johnson Netflix Unilever Microsoft JP Morgan Capital One Starbucks Pepsico BYD Honeywell Alibaba...
...STEPHEN GANDEL: JP Morgan Chase, Jamie Dimon's figured out how to be a bank to everyone. Bank of America has also merged investment banking with traditional banking....
...Just as the online lender makes its protracted public markets debut, US mortgage rates have hit a two-decade high....
...Adding to investor concerns is the proportion of deposits that lenders invested in longer-dated securities like US Treasuries and mortgage-backed securities when interest rates were low....
...This former JP Morgan banker went from being an overlooked newlywed to an architect in the Assad family’s schemes to profit from the war....
...The good news is that the CRE problems do not seem to be nearly as grave as the issues in subprime mortgages in 2008....
...“If the yields are at about 1 per cent, Japanese banks are safe but if that goes to 1.5 or 2 per cent, there will be more smaller banks that will have problems with capital,” JP Morgan’s Nishihara said....
...“The UK’s problems are not insurmountable,” Morgan Stanley advises....
...Corp, instead....
...Mortgage debt is expected to grow 10.6 per cent this year and next, according to the Canada Mortgage & Housing Corp. Canadian lenders have also proved adept at making money in the US market....
...JPMorgan Chase launched a new “tax-smart” platform last week, throwing its hat in the ring against existing programmes at Morgan Stanley, BlackRock and other asset managers....
...News round-up Kanye West to buy ‘free speech’ app Parler (FT) Rupert Murdoch proposes merging Fox and News Corp (FT + Lex) Credit Suisse reaches $495mn mortgage settlement with US prosecutors (FT) Bain...
...Chipmaker IBM and US pipeline operator Kinder Morgan report after the closing bell....
...Meanwhile, home builders Lennar Corp and KB Home will add insight into the US housing market when they report earnings after the closing bell....
...Is it a financial innovation that will unlock the promise of home ownership for Americans who have been shut out of mortgage finance?...
...Morgan Stanley chief executive James Gorman has also indicated a desire to remain at the company he has led since 2010 for at least another three years....
...Since then, Bank of America and Morgan Stanley Wealth Management have also chimed in....
...It also ratchets up pressure on shareholders opposed to the deal,” said JP Morgan analyst Luke Nelson....
...Melvin appeared to reach acceptance quicker than the market by exiting the bet against GameStop....
...According to JP Morgan, 72 per cent of new high-yield issuance in 2020 is 144A. You might think this share dates back to the Liar’s Poker era of frenzied bond sales in the 1980s....
...Bearish positions in the card issuer Discover and subprime auto lender Credit Acceptance have also risen. Bank stocks are “as out of favour as you get”, said Mike Mayo, analyst at Wells Fargo....
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