Hints and tips:
...Farage called on Rose as well as Peter Flavel (the chief executive of Coutts) and Howard Davies (the chair of NatWest) to resign....
...Techs vs transports Four of the five mammoth technology companies (Meta, Amazon, Alphabet and Microsoft) have now reported, and colour us impressed....
...Howard Davies: No. Inflation will remain noticeably above the 2 per cent target at the end of the year....
...Job moves Scottish Mortgage Investment Trust has named seasoned board trustee Sharon Flood and Unilever strategy head Vikram Kumaraswamy as independent non-executive directors....
...How Oaktree captured Evergrande’s castle Howard Marks knows the value of investing where others fear to tread....
...For households, it’ll come down to wage settlements vs inflation....
...asked Howard Marks, the billionaire co-founder of Oaktree Capital, in a letter to clients this month. “Or doesn’t anyone care?”...
...Howard Davies: They started tightening too late so inflation is likely to persist through 2022 and beyond....
...Altria chairman and chief executive Howard Willard, who is recovering from Covid-19, is leaving the Marlboro-maker after less than two years in the top job....
...Howard Davies: I expect little or no change....
...The lease was signed by a company named BSREP III Nero LLC, a possible allusion to the emperor who was blamed for the burning of Rome....
...A further decline in interest payments, thanks to the sharp fall in mortgage rates over the past six months, also will help to boost disposable incomes....
...Smart reads Ring the alarm Howard Marks, the billionaire investors, says it is beginning to look a lot like the last crisis....
...Howard Davies, professor in practice, Sciences Po There is no reason to think 2018 will be any different....
...His father, Frank Price, as a head of Columbia Pictures, oversaw classics such as Kramer vs Kramer and Tootsie....
...Stephen Rawlinson, an analyst at Whitman Howard, said more deals in the back-office processing market were expected....
...There are no subprime mortgages and there are very few mortgage-backed securities. There is no secondary securitisation, so no collateralised debt or loan obligations (CDOs and CLOs)....
...owns part of a mortgage lender....
...Sterling is weakening vs dollar while strengthening vs euro so net not much there. Monetary policy will remain easy. Europe and US will both growth reasonably strongly....
...The sale is expected to unfold in the coming weeks with $215bn worth of MSRs going to Nationstar Mortgage, a mortgage lender and servicer owned by private equity group Fortress Investment Group....
...This guest post is by Howard Green, anchor of the flagship interview program at Canada’s Business News Network and the author of “Banking on America: How TD Bank Rose to the Top and Took on the USA”, published...
...Ocwen Financial fought off stiff competition from Nationstar Mortgage to win a bankruptcy court auction of Residential Capital’s mortgage servicing and origination business....
...The successful auction follows the sale of ResCap’s mortgage servicing business to Ocwen Financial for $3bn on Wednesday after it won a bidding war with Nationstar Mortgage....
...- One-sided contest du jour: Matt Levine vs Bloomberg editorial, on banks. - Sequestration: the view from inside the defence machine. - Talking trees and US housing....
...Ocwen Financial and NationStar Mortgage will compete for the chance to buy the business at the Sheraton Hotel in New York. They have both valued the ResCap rights at around $2.5bn....
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