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....
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...The recent rise of the Faangs, et al, looks like a knee-jerk reaction to the fall in rates and rate expectations that followed the banking mess (the 10-year yield has fallen from 4-ish per cent to 3.6-ish...
...In the second quarter of this year, growth in card loans at JPMorgan Chase, Citigroup and Bank of America were 0 per cent, -5 per cent, and -10 per cent, respectively....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...Income is determined by many parameters, including loan servicing costs....
...This was disproved by the trial of US v Zarrab et al, in which a Turkish banker and a gold trader were convicted of laundering Iranian oil and gas revenues....
...The relationship is a symbiotic one of aligned interests. China wants to lead in tech, so having two players chasing the market caps of Facebook et al is a plus....
...Post-closing cock-ups have also popped up recently in the fight between Arconic and hedge fund Elliott as well as a few years ago when Al Jazeera America bought Al Gore’s Current TV....
...First, Brunnermeier et al use ESBies as a way to deny joint liability among sovereigns....
...From the latest BIS quarterly review, in particular its bit on dollar credit to EMs (our emphasis): [Fed largesse]… drove a surge in issuance by both long-standing issuers and new ones (Mizen et al (2012...
...– ignored “pervasive” deficiencies in the underlying loan pools and the servicing of the loans....
...(Bloomberg) - How Goldman (et al)’s aluminium warehousing cost American consumers $5bn in three years. (New York Times) - The commodities supercycle is still ending....
...No surprise to see GMO et al flag up “impact on third parties” from the start....
...Bank of the Republic of China v Grenada....
...Freddie Fannie (and the home loan banks) surplus cash positions impact the Fed Funds rate (Bech and Klee, 2011)....
...That figure pales against the total value of the US housing market – $23.7tn at the end of 2012, according to Zillow – but it could grow exponentially if Blackstone et al are able to get their hands on cheap...
...Again, it was all a bit vague in the courtroom, but one idea seemed to be giving NML et al whatever the backlog of 11 years of payments was, and then paying them at the EBG rate thereafter....
...Notwithstanding this central bank resolve and despite QE, OMT, et al., we remain strategically cautious. Our stubbornness is quite simple – fundamentals....
...- Five hits from Scott Sumner, on the eurozone, FOMC, et al....
...Fox Television Stations et al) was appealed to the US Supreme Court, where it was debated on Tuesday....
...Philip Shaw, Investec This is not likely to be a V-shaped recovery. Banks still need to repair their balance sheets, implying credit will remain relatively scarce, constraining growth....
...He says many smaller investorsmortgaged their homes or businesses to invest. “The problem will really hit when the banks start calling in these loans,” he predicts....
...As a former investment banker, Augar tells the story of the disaster in the financial markets. What really happened at Northern Rock, Royal Bank of Scotland et al? This gives you a clearer idea....
...Countrywide Home Loans Servicing LP, et al is ostensibly brought on behalf of a class of purchasers of certain mortgage pass-through certificates for which CWALT, Inc. and various issuing trusts filed registration...
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