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...It is, in his view, the pinnacle of what jazz in America achieved in 1959....
...About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...Shares in mid-sized US banks continued to slide on Thursday over renewed concerns about potential loan losses linked to the creaking commercial real estate market....
...The mid-year timing of the potential share sale was first reported by The Times....
...Bank of America cut the compensation of its top executive Brian Moyniahn by 3 per cent, or $1mn to $29mn in 2023, a year when the company’s bottom line shrunk and its stock lagged rivals....
...Boeing: The US planemaker’s earnings will be closely watched by investors as it navigates a crisis of confidence in the safety and quality of its products following January’s mid-air blowout of a Boeing...
...Elsewhere on Thursday… — How to talk to a person like ChatGPT (Ars Technica) — Index fund investments in banks (Bank Reg Blog) — How European soccer made peace with fasting during Ramadan (New York Times...
...As important, its mid-teens return on equity is already keeping pace with its cost of equity. As a result, the bank trades close to its tangible book value....
...Analysts have long warned that UK mid-tier banks need to grow in scale through mergers in order to compete with their larger peers but integrations in the sector are difficult to execute due to the challenges...
...Alongside America’s highways, billboards jostle for drivers’ attention....
...Mid-level staff have been offered financial incentives to leave: nine months’ pay while they look for another job....
...Funds that invest in UK companies have had 34 straight months of outflows, which has lowered valuations and made companies’ managers question the rationale for being listed, depleting the UK’s stock of mid-cap...
...Email me: chris.giles@ft.com Effective QT makes the case for QE I am writing this newsletter mid-Atlantic on my way back from Friday’s rather excellent US monetary policy forum, organised by the University...
...They’re even big in consumer lending, where large and mid-sized banks have a greater presence....
...Milei has said he wants to scrap them in mid-2024. The debt swap was a big step forward in Caputo’s overarching strategy, said Salvador Vitelli, head of research at the Romano Group consultancy....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...Bank of America has sent “letters of education” to employees who have not been showing up at the office, warning them of disciplinary action, in the latest move from a large company to push staff back to...
...BoE governor Andrew Bailey last week also struck an optimistic note about the battle against inflation as price growth fell to 3.2 per cent in March — far below the double-digit levels inflation hit in mid...
...In the year to mid-April 2023, some $973bn left US banks, according to Federal Reserve data. Often these funds moved to money market funds, which provided higher rates of return....
...The scandal has been brewing since mid-March, when local media pointed out Boluarte, who comes from a modest family and was a jobbing lawyer before entering politics, had been seen sporting a Rolex that...
...Third-quarter profits at Bank of America beat expectations, but growth lagged rivals because the bank still has hundreds of billions of dollars of low yielding bonds that it bought during the pandemic....
...Jefferies chief executive Rich Handler has sold $65mn of his stock in the Wall Street investment bank to buy a luxury yacht from longtime client Tilman Fertitta....
...Banks: The largest US banks are expected to log sharp rises in bad loans, shrinking the earnings of JPMorgan, Bank of America, Citigroup and Wells Fargo, all of which report their latest quarterly results...
...The government badly needs export dollars to replenish the central bank’s negligible hard currency reserves....
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