Hints and tips:
...Credit card interest and fees increased by $51bn in that time to $157bn, according to data provided by US banks to the Federal Deposit Insurance Corporation....
...“Will the deposits in every community bank in Oklahoma, regardless of their size, be fully insured now? . . . Will they get the same treatment that SVB just got or Signature Bank just got?”...
...“The Democrats’ Inflation Reduction Act put Americans on the hook for handouts to big corporations and big banks,” said Republican congressman Jason Smith, chair of the House Ways and Means Committee in...
...BlackRock, Wells Fargo, Bank of America and State Street were also excluded from doing business with the state, Oklahoma said....
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...Bank supervisors at the regional Fed banks, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency “have got to kick the tyres on what these laws could do....
...There are some big names among the members — tech giants Apple, Google, Microsoft and Sony; financial groups like Axa and Bank of America; industrial groups from Anglo American to Shell (the FT chief executive...
...Share your thoughts with the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...already reached about 40 per cent of its target for the financial year....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...“In democratic societies, suing corporations as well as suing the government is a basic tool of civil discourse,” the 18-year-old said....
...Only 60 per cent of workers in south-east Asia are estimated to have bank accounts, Naik said, but ecommerce in the region is growing quickly as more consumers gain access to the financial system....
...It says it had helped fund the development of the Sputnik V Covid-19 vaccine....
...As always, you can reach us at Imani.Moise@ft.com or Sid.V@ft.com. Thanks for reading....
...And on the corporation tax point, ever since Truss has said that she didn’t want to put up corporation tax from 19p to 25p, which she said she was going to do, a lot of businesses have said we’re all for...
...of US economics at Bank of America Merrill Lynch....
...the US economy, while stressing his bank was also prepared for the possibility of runaway inflation or another wave of lockdowns....
...The letter from two of the most influential liberal lawmakers in Congress with oversight over Wall Street comes as the Fed, the Federal Deposit Insurance Corporation and the Office of the Comptroller of...
...Like so many in the wake of the 2008 financial crisis, his family had lost their house to the bank. As Stephens continued to scream from the pavement, police officers circled. “I’m not moving....
...How will mature corporations manage their capital? We think big debts and fears of further pandemics will turn them into beasts of burden....
...On Monday Janet Yellen, US Treasury secretary, set out plans for a global minimum corporation tax on the eve of the spring meetings of the IMF and World Bank....
...point of Cushing, Oklahoma....
...US banks will have to prove their financial strength in both a double-dip recession and a prolonged one to get regulators’ stamp of approval on their dividend plans, Federal Reserve vice-chairman Randal...
...new investment,” wrote Francisco Blanch, Bank of America Global Research strategist....
...“I can’t imagine a complete V-shaped recovery, and it will be more like going back and forth at the bottom of a U-shaped recovery,” Mr Kakiuchi said....
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