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...The proposals include an increase in the minimum corporate tax from 15 per cent to 21 per cent, as well as a 25 per cent minimum tax for billionaires....
...However, there were also signs of banks starting to stabilise the availability of credit to the economy in the first three months of this year, following a four-year tightening period, as they cut the cost...
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...The latest tightening of credit spreads comes as improved investor confidence helped push European stocks to a record high this week, boosted by blockbuster results from chipmaker Nvidia, which “transformed...
...The ECB’s new system is a hybrid between the one used by the US Federal Reserve, which plans to keep a large enough bond portfolio to maintain sufficient bank liquidity, and the Bank of England, which is...
...“This will provide an opportunity to more fully assess the impact of the actions taken to date and the general tightening of credit conditions on economic activity.”...
...The Credit Suisse veteran and former co-chief investment officer of Millennium Management has told potential clients he is now aiming to launch Jain Global in July with $5bn-$6bn of assets, according to...
...In November a coalition of unions that own company shares, including the Service Employees International Union, nominated three people to serve as corporate directors....
...Students at Munich’s technical university are able to take part in programmes at UnternehmerTUM as part of their degrees, where they are able to receive the same amount of credits as for an academic course...
...Federal Reserve vice-chair for supervision Michael Barr had gold-plated the Basel rules, provoking a fierce backlash from Wall Street’s finest....
...The US president sought to ease the pressure on would-be homeowners through tax credits outlined in this month’s State of the Union address, but that benefit is unlikely to have as big an impact as lowering...
...changing behaviour,” the BPI and the American Bankers Association said in a joint submission to the Federal Reserve, the Federal Deposit Insurance Corporate and the Office of the Comptroller of the Currency...
...Germany’s federal government is considering taking a stake in the submarine-building arm of Thyssenkrupp as it seeks to accelerate the spin-off of the military contractor from its ailing parent....
...Exclusive: Brookfield Asset Management is in advanced talks to buy a majority stake in $22bn private credit manager Castlelake, a specialist lender to airlines, as the world’s second-largest alternative...
...Nominal credit card debt hit a record $1.13tn in the last three months of 2023, growing at one of the fastest rates in more than 20 years, according to the New York branch of the Federal Reserve....
...Monetary policy: Susan Collins, president of the Federal Reserve’s Boston branch, John Williams, president of the New York Fed, and Raphael Bostic, President of the Atlanta Fed, will speak at public events...
...The Bank of Japan has held off on lifting negative interest rates, sending the yen lower as its governor said it was in no rush to change its policy before the US Federal Reserve considers cutting rates...
...As recently as early November, investors on both sides of the Atlantic were fearful about the implications of “higher for longer” interest rates, as central banks continued to wage battle against inflation...
...(There is a parallel with the US economy where state bank licensing regimes coexist with a set of federal licensing rules.)...
...Group, describes as a “perfect storm”....
...The US Federal Trade Commission last month sued to block Kroger’s $24.6bn bid to buy rival Albertsons, the largest supermarket deal in history....
...Need to know: UK and Europe economy The Bank of England’s financial stability watchdog said today that private credit and leveraged lending markets remained vulnerable to “sharp revaluations” as the war...
...The proposal issued by the Consumer Financial Protection Bureau on Tuesday would subject non-bank companies that offer digital payments to a regulatory scheme similar to that for banks or credit unions....
...Biden has promised homebuyers a tax credit worth up to $400 a month for the next two years — though such a measure would require congressional approval....
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