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...
...Citi’s Ben Nabarro has summed up the complex action vs words balance Andrew Bailey et al. will need to strike at a “tight call” meeting....
...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....
...The suites vary, but all are 50sq m with courtyard entrances, and furnished with pieces by – or at least inspired by – Arne Jacobsen, Eero Saarinen, Joe Colombo, Isamu Noguchi, Charles and Ray Eames et al...
...Further reading: The Restructuring Process — Buchheit et al. (2019)Government bonds since Waterloo — Meyer et al. (2021)The aftermath of sovereign debt crises: a narrative approach — Esteves et al. (2021...
...China is increasingly competing with the IMF in offering emergency loans to stricken countries. Ecuador’s $1.4bn debt restructuring deal is the latest....
...The Federal Reserve, it appears, is going to tighten with total predictability and imperceptible gentleness; inflation will be transient; Evergrande et al will not sink the Chinese economy; lions will lie...
...Taking note of test flights by Branson et al, Ghesquière revisited space for his Louis Vuitton resort 2022 collection, with futuristic quilting and prints featuring sketches of planets and sci-fi landscapes...
...al) with buildings by Ando, Rogers, Piano, Niemeyer and Nouvel....
...However, the mix of demand has shifted slightly to more days at home: 36% would do this 1 to 2 days a week (last survey: 39%, first survey: 42%), 43% would do so 3-5 days a week (last survey: 40%, first...
...(Incidentally, for my money, Cronenberg’s scuffed aesthetic has dated at least a little better than the gleaming postmodernism of Neo and Trinity et al.)...
...robert.shrimsley@ft.com Follow Robert Shrimsley with myFT and on Twitter Letter in response to this column: A global Britain needs an independent DfID / From Paul Murphy et al...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...China wants to lead in tech, so having two players chasing the market caps of Facebook et al is a plus....
...First, Brunnermeier et al use ESBies as a way to deny joint liability among sovereigns....
...I’d set up and capitalise a European debt management agency to create ESBies (the European safe bonds of Brunnermeier et al). I’d set up a eurozone growth capital fund for fast-growing companies....
...“A concern for reputation incentivises banks to seek risky ventures (to keep dancing), the more so the better is the market’s prior on the macro state (the louder the music),” Aikman et al argue....
...Still, the evidence presented by Adelino et al seems compelling on first read. So who’s right?...
...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...
...In the mid seventies, Chile was poised to serve as the test lab for the economic ideas propounded by Milton Friedman et al at the University of Chicago....
...One friend, talking about McBride et al blaming him for election-that-never-was....
...But unlike Mr Terry et al, Mr Austin remains the beneficial owner and gets to vote his shares and reap the dividends. IGas’s shares tumbled 24 per cent last week....
...On if, and by how much, rates will move up, with our emphasis: A recent study done by researchers at the Hong Kong Institute of Monetary Research (Dong He et al 2013) suggests that China’s real “equilibrium...
International Edition