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 verdict by a federal jury in San Francisco was returned after a weeks-long trial. Here’s what will happen next....
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...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....
...Jefferies Financial Group has hired Jon Gegenheimer, a technology M&A banker at Credit Suisse in San Francisco, according to a Reuters report confirmed by DD....
...against Donald Trump and family For up-to-the-minute news updates, visit our live blog Need to know: the economy The US Federal Reserve announces its decision on interest rates today at 2pm ET (7pm London...
...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...
...As we round off our meal with homemade pomegranate crostata, he tells me he has been playing with GPT3, an AI model built by San Francisco-based lab OpenAI, which can produce human-like text....
...“If I think of the amount of pressure I’m under as a deposit taker and the care and attention I have to take when providing unsecured lending to younger people, it is staggering me that Klarna et al are...
...PayPal facilitated the transfer of more than $1bn in federal loans as part of the US Small Business Administration’s Paycheck Protection Program....
...In addition to hiring others to care for their children and working ever-longer hours, blue-collar America’s third “coping mechanism” was to use their homes as piggy banks, by taking out home equity loans...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...Instead of a board seat, the San Francisco-based investor scored access to confidential information about the bank’s operations....
...Williams et al say specifically that there is no sign that R* is beginning to rise....
...“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....
...Banks have to rely on central banks as lenders of last resort....
...Freddie Fannie (and the home loan banks) surplus cash positions impact the Fed Funds rate (Bech and Klee, 2011)....
...Federal Reserve Bank of San Francisco Economic Letter,2011-10 http://www.frbsf.org/publications/economics/letter/2011/el2011-10.html Hamilton, James and Wu, Jing (2011)....
...Notwithstanding this central bank resolve and despite QE, OMT, et al., we remain strategically cautious. Our stubbornness is quite simple – fundamentals....
...- Five hits from Scott Sumner, on the eurozone, FOMC, et al....
...I saw the power of hope last year in Rangoon – when Aung San Suu Kyi welcomed an American President into the home where she had been imprisoned for years; when thousands of Burmese lined the streets, waving...
...Fox Television Stations et al) was appealed to the US Supreme Court, where it was debated on Tuesday....
...Which is why a few weeks ago, ears pricked from Wall Street to the City of London when Khosla appeared on stage at a big tech industry shindig in San Francisco and was asked if he thought clean tech had...
...Lib Dems in local government who face electoral disaster because of the growing unpopularity of Clegg, Cable et al at a national level....
...And forget “disappointment” — will Goldman Sachs et al be mightly ticked-off if they don’t? The answer to these questions and (no) others to come on Tuesday....
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