Hints and tips:
Related Special Reports
...Chart du jour: ECB dieting The European Central Bank is rethinking how it provides liquidity to the financial system, announcing plans to lend more to commercial banks while shrinking its large bond portfolio...
...Further reading: — The bank effect and the big boat blocking the Suez (FTAV) — Those boats in Texas paraded at the wrong speed (FTAV) — A resident of New Bern, NC, may in fact have a new boat (FTAV)...
...Some banks are stressed too: the New York Community Bank was recently forced into an emergency $1bn capital raise due to CRE losses, and this week the Klaros Group warned that more than 250 small banks out...
...Their most notorious hacking operations include the theft of $951mn from Bangladesh’s central bank, and the WannaCry ransomware attack on the UK’s National Health Service in 2017....
...To any objection that we are pointing to a hypothetical situation where zero-cost deposits evaporate, remember Silicon Valley Bank and First Republic Bank....
...One North London thing to start: Joe Lewis, the British billionaire whose family owns England’s Tottenham Hotspur football club, has pleaded guilty to three criminal counts in an insider trading case, tarnishing...
...Value stocks, such as banks and real estate companies, were chosen by just under a fifth of investors, while a similar proportion picked emerging market equities....
...Responding to the report, Bank of Israel governor Amir Yaron on Sunday defended Israel’s “strong” macroeconomic and monetary policy and the economy’s “rapid recovery from the initial shock of the war,” including...
...In 2021, Bank of America’s equivalent of the North American air defence system started flashing warning lights....
...Federal Deposit Insurance Corp chair Martin Gruenberg has warned that the sharp rise in this “hot money” presents liquidity risks....
Hitting the history books for comparisons
...Bank of America has liquidity coming out of its ears. And if a bank does need liquidity, the Fed’s Bank Term Funding Program, established as a safety valve in March, is still open....
...Adding to a squeeze on bank profits is pressure to offer customers higher savings rates to keep their deposits, which are banks’ primary source of funding....
...Media will be a strong theme here with results from Fox, News Corp, Disney, Thomson Reuters and The New York Times Company....
...These included the bank’s rapid growth, reliance on uninsured deposits and failure to mitigate interest rate risk....
...Bank of America’s chart below received a good deal of attention back in July....
...Banks with more than $100bn in assets would be required to submit much more detailed resolution plans and required to raise new unsecured debt that could be used to recapitalise a failed bank, Martin Gruenberg...
...Bank....
...Better competes with companies such as Rocket Mortgage that have capitalised on the pullback by banks from mortgage lending because of regulations imposed after the 2008 financial crisis....
...The Fed released the results of its annual bank stress tests last week....
...Companies: Chinese ecommerce site Alibaba, clothing retailer Ralph Lauren, and Wall Street Journal parent company News Corp will report earnings before the bell....
...Despite the ferocious rise in interest rates globally — which should depress prices of a non-yielding asset like gold as bonds now have attractive yields — rampant central bank buying of bullion has supported...
...Unrealised losses in bond portfolios are today linked with this year’s bank run and failure at Silicon Valley Bank....
...The bank includes syndicated loans, private debt and high-yield bonds in its survey as well....
...Other contenders include hedge fund billionaire Sir Paul Marshall; DMGT, the owner of the Daily Mail; and News Corp, owner of The Times....
International Edition