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...More than half of the ECB staff responding to a survey by its main union this year said Lagarde was performing poorly and almost six in 10 said they had no trust in her or the board....
...The federal police declined to comment. Additional reporting by Laura Dubois in Brussels...
...“As you go up [the organisation], you have a lot of very talented people, a lot of specialised people,” he said....
...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....
...Look at delinquency rates for credit cards for people in their 20s and 30s. Young households have three characteristics. They have more debt, lower credit scores, lower incomes....
...Most of the people who said there was excess return to be harvested argued, in one form or another, that those returns were functions of frictions in lending markets, frictions private credit funds could...
...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....
...I am reading in the FT that Martin Gruenberg, chair of the US financial regulator, the Federal Deposit Insurance Corporation, has criticised the rescue of Credit Suisse (“Credit Suisse rescue deal was unhelpful...
...“It’s leading to a situation where people in Brussels begin to doubt if they can rely on Germany. The basic trust is destroyed.”...
...Fundraising for private credit has become “less rushed” because of the “more challenging” market conditions, said a spokesperson for the $50bn Connecticut Retirement Plans and Trust Funds....
...These arresting snapshots are captured in Total Trust, a terrific, frequently terrifying documentary about Chinese surveillance and censorship....
...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....
...“People are frustrated, but this is not a male-female issue,” he says. But unions’ revived popularity has made this an “urgent” moment for employers, Lotito adds....
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...Germany’s labour market is a source of “stability” amid the country’s economic gloom, according to the head of the Federal Employment Agency, with little likelihood of the jump in joblessness seen in previous...
...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....
...A Kroger spokesperson said that blocking the deal would “harm the very people the FTC purports to serve: America’s consumers and workers”....
...start cutting its benchmark deposit rate from its record high level of 4 per cent in June, there is more doubt over the pace and total amount of policy loosening that will follow — especially if the US Federal...
...This chart below uses the Federal Reserve’s senior credit officer survey net level as the proxy for credit availability....
...Finally, do read this revelatory piece by Uri Berliner, a senior journalist at National Public Radio, on how that institution has lost the American public’s trust....
...This unleashed a torrent of investigations of corporate power by the Federal Trade Commission, Department of Justice and the Consumer Financial Protection Bureau....
...But a union can bring people together to fight that fight together. A union gives people agency. Our union is now a union of educators, healthcare workers and public services....
...Because if you don’t believe in ever closer union you must be a bad thing.” The ban also drew condemnation from Belgium’s federal government, which was not involved in the order....
...The former rugby lawyer shaking up the world of private credit Paul Weightman is no stranger to high-profile corporate scraps....
...More alarming is the rate at which people are becoming seriously delinquent....
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