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...Credit rating reviews from Moody’s on April 26 and S&P on May 31 could result in downgrades....
...Because if you don’t believe in ever closer union you must be a bad thing.” The ban also drew condemnation from Belgium’s federal government, which was not involved in the order....
...IAG and Tokio Marine are among those being pursued by Greensill creditors, including Credit Suisse, in Australia’s federal court in a test case that will decide whether insurance policies that the collapsed...
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...start cutting its benchmark deposit rate from its record high level of 4 per cent in June, there is more doubt over the pace and total amount of policy loosening that will follow — especially if the US Federal...
...Germany’s federal government is considering taking a stake in the submarine-building arm of Thyssenkrupp as it seeks to accelerate the spin-off of the military contractor from its ailing parent....
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...But once these artifices were no longer possible with the process of convergence towards monetary union, GDP stopped growing....
...In contrast, the strength of the US economy and high levels of government spending relative to taxes could persuade the Federal Reserve to keep interest rates high for some time, say investors, which could...
...Among its 34 victims were the chairmen of Deutsche Bank and Dresdner Bank, West Germany’s federal prosecutor, senior diplomats, soldiers and politicians....
...At some point, this risks leaving lenders without sufficient reserves and could cause unwanted volatility in short-term borrowing costs and even a credit crunch....
...Starbucks in 2022 introduced more sizes for baristas’ green aprons and the option for customers to tip with their credit cards, two of the union’s initial demands....
...Federal Reserve vice-chair for supervision Michael Barr had gold-plated the Basel rules, provoking a fierce backlash from Wall Street’s finest....
...Monetary policy: Federal Reserve Bank of Atlanta president Raphael Bostic, Federal Reserve Bank of Kansas City president Jeffrey Schmid and Federal Reserve Bank of San Francisco president Mary Daly speak...
...Instead, banks would have to rely on more traditional, standardised assumptions that measure how risky assets are by using credit ratings from agencies....
...Students at Munich’s technical university are able to take part in programmes at UnternehmerTUM as part of their degrees, where they are able to receive the same amount of credits as for an academic course...
...The US president sought to ease the pressure on would-be homeowners through tax credits outlined in this month’s State of the Union address, but that benefit is unlikely to have as big an impact as lowering...
...Nominal credit card debt hit a record $1.13tn in the last three months of 2023, growing at one of the fastest rates in more than 20 years, according to the New York branch of the Federal Reserve....
...UBS-Credit Suisse anniversary: A year on from UBS’s rescue of Credit Suisse, the merger’s success is becoming increasingly dependent on the performance of the Swiss bank’s wealth business....
...The divergence between European and US credit spreads has played out primarily at the weakest end of the credit quality spectrum....
...(There is a parallel with the US economy where state bank licensing regimes coexist with a set of federal licensing rules.)...
...The insurer is one of a number of such groups, including Tokio Marine and Zurich, that have refused to pay out on Greensill’s credit cover....
...The federal structures are far too complex for that.”...
...The US Federal Trade Commission last month sued to block Kroger’s $24.6bn bid to buy rival Albertsons, the largest supermarket deal in history....
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