Hints and tips:
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...More and more market participants and pundits are betting that stalling disinflation might stop the Federal Reserve from cutting rates at all in 2024....
...The ‘run-to-RRP’ risk To help manage interest rates in the excess reserves era the Fed introduced a new tool called the overnight reverse repurchase facility, or O/N RRP....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...Skadden has hired James Danly, a former commissioner of the Federal Energy Regulatory Commission, as a partner and head of its energy regulatory group....
...“Trump is firing on all cylinders,” said Ford O’Connell, a Republican operative in Florida. “He is running circles around the DeSantis campaign.”...
...Mark O’Connell in Slate asked what it is to play with cliché in Blarney and put-on Irishness....
...Laws creating deposit insurance, national investor protection standards and the regulation of stock exchanges and brokers all passed in a two-year period and then faced bitter challenges in the federal courts...
...But they are in “short supply”, says O’Connell of Bordeaux Index....
...Yeah, G-O-U-L-D. I didn’t know terribly much about this guy....
...Novo Nordisk became Europe’s largest company by market cap this year, its centenary. What was the first product it produced? How many of the S&P 500 companies have a female CEO?...
...Federal Deposit Insurance Corporation officials were told in mid-January that Signature Bank, a New York City-based lender with about $90bn in deposits, was in trouble....
...But some argued that the weekend deal brokered by the Federal Deposit Insurance Corporation and California regulators illustrated the resilience of the US banking system....
...The emergence of Risc-V has reopened the door for companies to compete in the CPU market....
...That is especially the case when balances exceed the $250,000 threshold that is guaranteed by federal insurance....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Here’s what I’m keeping an eye on today: SVB Senate hearing: Officials from the US Treasury, Federal Reserve and Federal Deposit Insurance Corporation are in for hours of questioning today by the Senate...
...But their large deposits exceeded the Federal Deposit Insurance Corporation’s insurance limits and were susceptible to flight....
...To that end, I’ve started reading Sean O’Connell’s Credit and Community: Working-Class Debt in the UK Since 1880, an in-depth exploration of the wider history of lending....
...She is the company’s first outsider and first female CEO, one of only 52 women leading Fortune 500 companies....
...Good technical talks [are] under way on issues of pricing and governance,” O’Brien said. “It’s very simple. It’s just insurance limitation,” O’Brien said....
...Two days after the Federal Deposit Insurance Corporation took control of the bank’s assets, the Treasury, Federal Reserve, and FDIC announced that depositors would have access to all of their money on Monday...
...insurance coverage on better terms, according to several people familiar with the matter....
...As always you can reach me at sid.v@ft.com....
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