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...It was taken over in 2012 by Leucadia National Corporation, an oil-to-beef conglomerate, but the merged company pared back its other investments to focus solely on investment banking work....
...Alongside interest rates — which traders expect the Bank of England to cut from 5.25 per cent to 4.5 per cent this year — housing associations have been hit by fast-rising construction costs....
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...A version of this article was first published by Nikkei Asia on April 2 2024. ©2024 Nikkei Inc. All rights reserved....
...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....
...Mortgage origination volume looks set to grow again in 2024 after falling to its lowest level in nearly 30 years, according to the Mortgage Bankers Association....
..., Germany, India, Italy, Japan, UK, US: S&P Global flash manufacturing and services purchasing managers’ index (PMI) data Japan: Chain Stores Association March supermarket sales UK: ONS March public sector...
...Among regional banks, Bank OZK and Valley National Bancorp stand out, with high exposure to CRE loans but low CRE reserve ratios, according to Morgan Stanley research....
...The National Basketball Association is the next major sports league looking to sign a new media contract....
...Industry-wide ASK has shrunk 5.6 per cent over the same period as many carriers retrenched during the pandemic, according to the International Air Transport Association....
...The National Basketball Association has banned a player for life for gambling on the sport, the first time the league has handed down the maximum penalty since legal sports wagering began in the US....
...Eleven large banks including JPMorgan and PNC put $30bn in deposits with First Republic last month in a failed attempt to stabilise the bank....
...The next worst performer, Valley National, is down 25 per cent. NYCB is alone. So are we all whistling past the graveyard?...
...Super regional bank PNC said its NII had dropped 2 per cent in the quarter to $3.5bn because of increased funding costs as well as lower loan and securities balances....
...JPMorgan and PNC declined to comment. It is not clear how many other banks will bid, or whether the FDIC will find any of the bids acceptable....
...They are customers of dealers,” said Bryan Corbett, chief executive of the Managed Funds Association, one of the three plaintiffs along with the National Association of Private Fund Managers and the Alternative...
...Banks would also be able to apply a lower capital charge for holding it as Buidl would almost certainly be regarded as a security token....
...A shift away from Apple, in particular, has been sharp, spurred on by a top-down campaign to reduce iPhone usage among state employees and the triumphant return of Chinese national champion Huawei, which...
...Banks in the 10-member Association of Southeast Asian Nations may be seeing the last of beefy earnings from loans in the current higher financing era as lower interest rates loom....
...association, Open Secrets....
...Data from Silicon Valley Bank puts the total at $277bn, while the National Venture Capital Association says it is closer to $312bn....
...spokesperson for SIG and Yass said SIG China did not invest in companies engaged in government surveillance or for which AI was the primary business driver and said Trusfort offered consumer fraud protection for banks...
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