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...More seriously, Goetzman et al argue that art price changes are largely a function of wealth concentration....
...The next phase would require much more assessment, with the World Bank playing a trustee role rather than allocating the capital itself. “That’s going to be the beginning,” he said....
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...‘King Lear’, Almeida Theatre Yaël Farber directs Danny Sapani (Killing Eve, Black Panther) in the title role of the Shakespearean tragedy....
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...But as Goldman’s Praveen Korapaty et al point out, the US government bond market has been pretty choppy for a while now....
...Highlights The film producers behind Netflix’s Drive to Survive, the docuseries that helped revitalise Formula One, are raising around £30mn from George Pyne’s Bruin Capital, the FT exclusively reported...
...Optimists will argue that yesterday’s agreement is far better than nothing, and that this should be regarded as seed capital ahead of far larger sums to follow....
...al)....
...In late September, Abdellatif Jouahri, governor of Bank al-Maghrib, the central bank, said it was too early to assess the earthquake’s impact on growth, debt and the budget, suggesting the picture would...
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...Rishi Sunak: The UK prime minister arrives in Israel today for talks with Netanyahu before travelling to other regional capitals....
...One thing to start: Qatar’s sovereign wealth fund, the second-biggest investor in UK bank Barclays, is slashing its stake by dumping roughly £510mn in shares. Details here....
...The event, which one attendee joked was grander than a state banquet for King Charles III at the Palace of Versailles a week earlier, was a reminder of the 70-year-old’s status as one of the $13tn private...
...Lutyens’ Midland Bank was one of the first to go....
...Inflation worries stalked financial markets before major central banks asserted control. A banking crisis was contained but Credit Suisse and Silicon Valley Bank were washed away....
...What about how concentrated the stock market gains are with Nvidia, Microsoft, Google et al? I mean, shouldn’t that weigh against this rally? What about that? Katie MartinMaybe yes....
...Here’s Citi’s Andrew Coombs et al. then: For the European banks, we see less risk of deposit flight and believe they have more liquid balance sheets....
...To put it more simply: Jiang et al argue there are $2.2tn in mark-to-market losses out there, and there is only $2.2tn in equity in the US banking system....
...Little did they know that one day, the ritzy hospitality group would not only open The Ned — an outpost that encouraged rather than turned away finance types — but that their reigning “junk bond king” Michael...
...The final part of the strategy is a financial crackdown in which bank and mobile money accounts suspected of belonging to al-Shabaab are frozen....
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