Hints and tips:
...He reckons more people struggling with their rent and mortgages will turn to hosting paying guests....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...If Buffett triumphed, the money would go to Girls Inc. Initially, it looked like Buffett would have to eat some humble pie....
...Some hope a bigger fillip to Britain Inc will come from lower oil prices, but that is a vain hope....
...“Imagine walking into a McDonald’s and interacting with Ronald McDonald himself,” he says....
...Mortgage availability at higher LTVs has fallen by c85% while with more than 8m workers furloughed, we are cautious about incremental demand....
...And Goldman: [S]maller commercial banks stand to benefit most from TFSME, as the scheme lowers their average cost of funding and gives them the ability to compete in lower margin segments such as mortgages...
...The South Dakota v Wayfair ruling, handed down last month, will open the door for states to pass legislation to require online merchants to collect and pay sales tax for sales within their borders....
...A 34oz bottle of P&G’s Pantene Pro-V Shampoo & Conditioner was listed by 10 different sellers — nine of them third parties — on the shopping site....
...Olswang, part of Cameron McKenna, will attempt to determine whether Mr Cats and his wife Ruth V....
...Lex spies an opportunity in mortgage credit — which should continue to grow as long as corporate debt concerns don’t hammer consumers....
...(Though it’s possibly not super comforting that he ran a mortgage lender that was called, um, a “foreclosure machine.”)...
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...The reason that derivative instruments inflicted losses on their holders was that they derived their value from residential mortgages, commercial property and other financial assets....
...The Old Lady singled out buy-to-let, which generated 20 per cent of mortgages in the first quarter....
...Shares of Yum fell 4 per cent to $74.13 while McDonald’s slid 1 per cent to $97.55....
...Talent finds its way,” says Larry McDonald, a former Lehman Brothers bond trader who is now head of US strategy, macro group, at Newedge....
...JPMorgan Chase, Ocwen Financial and SunTrust Bank have agreed in subsequent civil settlements to provide an additional $9.3bn in relief to homeowners....
...The looming question for the $37.8tn US bond market revolves around whether Pimco – long renowned for making big pre-emptive bets across sovereign, mortgage and corporate credit markets to generate immense...
...Potts, a leading company law advocate, drew attention to the famous case of Carlill v Carbolic Smoke Ball Company....
...This can be seen in the financial sector, Head argues, pointing out that digitisation enabled some companies to create the subprime mortgage business....
...The class action suit was filed in 2008, shortly after AIG was rescued by the US Treasury and Federal Reserve as it racked up huge losses on insurance written on plunging mortgage securities....
...Concentrated wealth in turn held back the economy by reducing the spending power of salaried workers and helping drive up their mortgage and credit card debt....
...Lawrence McDonald, a former Lehman Brothers trader and now author and commentator, sums it up pithily in the FT: “There’s no question that the government asked JPMorgan to buy Bear and WaMu....
...“In the next financial crisis, the JPMorgan of the future, the Jamie Dimon in 2020 or 2018, I think they say, ‘this is your problem – I’m not going to put my balance sheet at risk’,” says Lawrence McDonald...
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