Hints and tips:
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...The context for that was the turmoil around Silicon Valley Bank, et al....
...Since its listing in 2021, the group founded by Nick Jones has lost almost half of its market capitalisation and has struggled to turn a profit....
...If we are right that consumer spending, despite some recent softening on the margin, is still at or above trend, that is another thing for Powell et al to fret over....
...But as Steven Kelly of the Yale Program on Financial Stability pointed out to me, Yellen et al will need the goodwill of the big banks should some other bank or banks get into trouble....
...against Donald Trump and family For up-to-the-minute news updates, visit our live blog Need to know: the economy The US Federal Reserve announces its decision on interest rates today at 2pm ET (7pm London...
...The Federal Reserve, it appears, is going to tighten with total predictability and imperceptible gentleness; inflation will be transient; Evergrande et al will not sink the Chinese economy; lions will lie...
...Trump et al v....
...For example, in a 2010 opinion (Chevron Corp v Steven Donziger, et al) handed down from the US district court in Manhattan, the judge wrote that the “evidence at trial established that Donziger, a New York...
...The global community should be looking to rest, adjust or trim the ways things are, on a regular basis otherwise there will be imbalances allowing Trumps et al to garner support to deal with greater accrued...
...Chetty et al. (2017) find that there is a 14 years life expectancy gap between top and bottom 1% males in the US, and that this gap has widened since 2001....
...This month the Stoxx Europe 600 Banks index and the Dow Jones Bank Index of US lenders have each lost more than 40 per cent, while the cost of insuring bank debt through credit default swaps has soared....
...); (v) the EU taxonomy; and (vi) a possible carbon border tax....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...Trump’s dog-eat-dog instinct has been just as strong abroad as at home....
...The consensus is that the 18 banks under scrutiny are largely well-capitalised and should pass the first part of the two-step process, which is overseen by the Federal Reserve....
...(Al Jazeera) How well have you kept up with the news this week? Take our quiz. Donald Trump threatened a full embargo against which country over the escalating turmoil in Venezuela this week?...
...He also combines his central bank experience with impressive political experience at home (as MP and minister of finance) and in the European institutions (with two mandates as EU commissioner)....
...Finally, anyone who believes US federal employees are overpaid bureaucrats should read about the soup kitchens and food banks they’re relying on to keep them fed....
...We followed along with FDR, Eisenhower, JFK, Reagan, Clinton and Bush et. al in their postwar course because we wanted to or had to: there was no alternative worthy of considering or competition....
...This was disproved by the trial of US v Zarrab et al, in which a Turkish banker and a gold trader were convicted of laundering Iranian oil and gas revenues....
...I have seen no data to show how Facebook and Twitter et al advance happiness or social cohesion....
...(FT) Bank rankings: who’s up, who’s down?...
...There are hundreds of paid staffers and volunteers manning phone banks and canvassing door to door....
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