Hints and tips:
...Amazon is investing $115mn in exchange for a minority stake in the television networks that screen some of America’s biggest sports....
...The horrific plunder of Africa and the Americas is one....
...But Elizabeth (somewhat like the surprisingly easy adjustment made by George III following the loss of America) genuinely believed in that “family of nations” and one, moreover, which went well beyond a...
...With the piles of debt, any hint of withdrawal of central bank monetary support would be worrying, as would premature moves by governments to rein in public debt and spending....
...of US economics at Bank of America Merrill Lynch....
...Credit Suisse prime brokerage heads to exit in Archegos fallout The two heads of Credit Suisse’s prime brokerage business, John Dabbs and Ryan Nelson, are to leave weeks after the bank reported at least...
...“Happy restaurant workers = alpha,” Bank of America said....
...the US economy, while stressing his bank was also prepared for the possibility of runaway inflation or another wave of lockdowns....
...To get the second leg of the V there has been an industry-wide effort to find little corners of liquidity that can be tapped, even for a month or two, long enough to get past the US elections....
...“It would be a stretch to say that investors had pre-positioned for a regime change in fiscal policy and the inflation outlook,” said the bank’s John Normand....
...The EU financial services commissioner is due to meet Bank of England governor Andrew Bailey on Monday....
...“The economics of ending a lockdown depend on fear and confidence,” said Paul Donovan, chief economist at UBS Wealth Management....
...V. A month in, the occupation in Zuccotti Park — or Liberty Plaza — was becoming more permanent. Problems were emerging too....
...John Sabatini, who leads professional services firm PwC’s anti-money laundering (AML) practice for the Americas, says the pandemic has prompted banks to overhaul the way they handle compliance and investigations...
...The European Central Bank has now pledged €1.35tn to the cause of higher financial asset prices, the Bank of England £200bn to support markets, and the Bank of Japan as much yen as it takes....
...While speculation continues as to which letter of the alphabet will describe the shape of the post-coronavirus recovery, the letter V can safely be ruled out....
...That would be “Die Deutsche Bank Filiale Nurnberg v Humphrey”, which says “the exchange rate from the date of domestic judgment should be used”....
...Investor optimism over the prospect of a global economic recovery has been challenged by a resurgence in Covid-19 cases in the US and China, as well as parts of Europe and the Americas....
...But this will not be the momentary stumble followed by a V-shaped recovery of administration and deal-sponsor lore....
...That means a rapidly developing V-shaped recovery under which one could go back to considering algo-generated combinations of stock and bond indices for the clients, so their long and comfortable retirements...
...It also compels investors to chase markets and for all the scepticism over asset prices, the latest survey of fund managers from Bank of America highlights a nascent shift in tone: True, four out of five...
...The path of jobless claims in the coming weeks, alongside other economic indicators and, of course, earnings guidance from companies, will illuminate whether a U or a V-shaped recovery awaits....
...Brian Moynihan, chief executive of Bank of America, says the $2tn stimulus agreed last week by US lawmakers was of “a substantial size and dimension that most of us think is big enough to help do the trick...
...in Latin America....
...While some laud the dramatic bounce seen in the latest manufacturing activity data from China (see Quick Hits for why a dollop of caution is required), a hard road awaits for Europe and North America and...
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