Hints and tips:
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...Isn’t it high time the regulators increased oversight on Blackstone and Apollo, et al, as this relatively new and powerful group of financial titans continue their march to the top of the heap on Wall Street...
...It’s not going to be debt holders, which are the Fed and the Federal Home Loan Bank of San Francisco. They are secured creditors who hold collateral against their loans....
...A true crisis could develop if Binance et al have significant hidden exposure to declining prices, perhaps through DeFi investments....
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...As Copeland et al noted in 2015: A complete unwind of all repos, and not merely of those maturing, is an operationally simple process....
...(NAR) It’s a big day for Rate watchers The Fed is set to meet and, while recent disappointing economic data make it unlikely the central bank will raise rates, investors will be watching Fed chair Janet...
...And here is the lengthy background from Sweeney et al....
...Sensible sentences from Citi’s Buiter et al on China’s valuation shock (with our emphasis): This decision by the PBOC is a significant event, even if its implications and motivations are not yet fully clear...
...al (2014)....
...The question is whether that benefit would look so attractive were JPMorgan et al forced to internalise most of the costs of a breakup while remaining in their current form....
...(Bloomberg) - How Goldman (et al)’s aluminium warehousing cost American consumers $5bn in three years. (New York Times) - The commodities supercycle is still ending....
...Bank of the Republic of China v Grenada....
...Bank of New York Mellon may have been the other addressee in that Pimco, New York Fed, BlackRock et al letter regarding $47bn in RMBS — but it’s managed to escape much of the limelight shining on co-addressee...
...Its lustre will remain as long as large parts of the world economy continue to be force-fed negative real interest rates....
...You can see why FDIC, the Fed, et al are so concerned about commercial real estate (CRE), having issued their guidance on “prudent” CRE loan workouts late last week....
...“The bonus brigade is back in town – demand from Goldman Sachs traders et al for £1m-plus mortgages is on the rise,” says mortgage specialist Gary Festa....
...What really happened at Northern Rock, Royal Bank of Scotland et al? This gives you a clearer idea....
...Do you agree with the Greenspan/Bernanke prediction that inflation and long term real interest rates will start to rise globally within a couple of years as the disinflationary forces of China et al starts...
...Entertainment was provided by British comedian Al Murray and a colourful troupe of can-can dancers....
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