Hints and tips:
...Having had the privilege to visit, I would say it still stands as one of the wonders of the modern world. Judge for yourself....
...Alongside its quarterly results, the bank announced it had completed the acquisition of M Klein & Company, the advisory boutique owned by Michael Klein, the former Citigroup executive who will run Credit...
...“I think there has been an expectation that [inflation] will go away quickly and painlessly and I don’t think that’s at all guaranteed. That’s not the base case,” Powell said....
...Wells CFO Michael Santomassimo said on the bank’s earnings call that, while markets are currently pricing in an interest-rate cut later this year, “I do think that you need to be prepared that that’s not...
...Bank failures: Fed Vice Chair for Supervision Michael Barr will testify to the House Financial Services Committee for a second day about the recent failures of regional US banks....
...And this, I found out, is not entirely straightforward....
...And here’s what I’m keeping tabs on today: Bank of England: The central bank’s Monetary Policy Committee is expected to raise interest rates to 4.5 per cent, the highest level since 2008....
...“I’m not going to get into what I’d consider and what I have in mind. But there will be consequences,” the US president told CNN in an interview last night....
...Additional contributions by Tee Zhuo and Emily Goldberg...
...At the same time, I am excited about Charles taking the throne. I am a sustainability person and the world needs to change....
...Its most powerful executive, Michael Milken, pitched “high-yield” bonds as an attractive alternative to debt issued by safer, investment-grade companies....
...I also want to say a huge thanks to Emily Goldberg, who has probably spent more time editing than I have writing and has helped to sharpen up the newsletter immensely, as well as Sarah Ebner, Jonathan Moules...
...It takes a lot of failure to succeed and I failed a lot before this. So it’s really the last man standing.”...
...“There might be some that can push pricing,” said Michael Bradley, a partner at consultancy Veriten....
...Musk, Twitter’s largest shareholder with a 9.2 per cent stake, said he had “sufficient assets” to fund the deal but conceded: “I’m not sure that I will actually be able to acquire it.”...
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...“I am not bragging about Brazil, I am just saying you have consistently underestimated us.”...
...Bank....
...Email me at sid.v@ft.com. Reach Imani at imani.moise@ft.com. PS I’ll be interviewing Jonas Templestein, the co-founder of Monzo Bank, at the FT Future of Finance summit on June 16-17....
...Marc FilippinoAnd in the interview, he also disagreed with banks who see the recovery stalling next year. I’m gonna play a little bit of what he told you....
...FC Barcelona chose to do the opposite, writes Michael Moritz, leading to Lionel Messi’s departure....
...Sebastian PayneWell Stephen, I think one person who’s delighted on this is Michael Gove, who we’ve interviewed in the FT Weekend....
...Michael Pollan takes us on a tour of his opium poppies, cannabis and mescaline-producing cacti....
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