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...He said the FDIC was seeking to remind shareholders, creditors and executives that they cannot rely on government bailouts similar to those that stabilised the financial system after Lehman Brothers collapsed...
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...“He is not a ‘master of the universe’ persona, but at the same time, don’t try to fool Bayo. He will shred you to pieces,” Chenault said....
...Delinquencies in credit card and commercial real estate loans were on the rise, the FDIC said, and were now at the highest level in almost a decade....
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...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
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...Fink and Ogunlesi have known each other since both were at Credit Suisse in the 1980s....
...Apple has proposed winding down its credit card and savings account partnership with Goldman Sachs sooner than planned....
...Fitch’s rating system “failed to effectively anticipate the positive role of fiscal policies in promoting economic growth”, the ministry said....
...That’s because the works of contemporary artists such as Warhol and Jean-Michel Basquiat could now become collateral for half a billion dollars of asset-backed securities, alongside paintings by old masters...
...“We got here because there was a fundamental recognition that the system was unfair....
...He had previously said the Model 2 would require a new “revolutionary manufacturing system” at factories in Austin, Texas, as well as in Mexico....
...“Supporting responsible innovation in this area can allow the financial system to reap benefits like increased efficiency, but there are also existing principles and rules for risk management that should...
...Accounts are debited and money is deleted out of the system. When the government spends more than it subtracts away by taxing, it leaves the banking system as a whole flush with excess reserves....
...There was Bulgarian cocaine smuggling rings that ended up having alleged links to Credit Suisse....
...Trustees have also warned that industry moves to make the financial system more resilient could yet lead to unintended consequences....
...Take it from us — at DD, we encounter more than our fair share of masters of this particular craft. Enter Henry Timms....
...“All eyes will be on what state-funded systems like the UK do as they scrutinise the risk-benefit calculation.”...
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