Hints and tips:
...Consumer balance sheets have proven remarkably resilient, having locked in historically low fixed mortgage rates, and many companies have refinanced higher-interest-rate bonds by issuing low-coupon, long-term...
...Shares in other banks considered to have some degree of asset-liability mismatch (Western Alliance, Zions et al) only saw their shares wobble a little bit yesterday....
...Then, the hidden leverage and maturity mismatch in pension funds’ and insurance companies’ portfolios — generally supposed to be long-only — could pose a policy challenge....
...But as Steven Kelly of the Yale Program on Financial Stability pointed out to me, Yellen et al will need the goodwill of the big banks should some other bank or banks get into trouble....
...consumers into long-term dependence on hydrocarbons....
...Pieces in unglazed grey are finished with metallic details inspired by the drawings of Darwin et al....
...Weak bank boards, poor risk processes and insufficiently robust risk committees allowed the balance sheets of Northern Rock, HBOS et al to expand unsustainably....
...and Warby Parker long before they went public....
...For example, in a 2010 opinion (Chevron Corp v Steven Donziger, et al) handed down from the US district court in Manhattan, the judge wrote that the “evidence at trial established that Donziger, a New York...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...Here’s a chart from a 2019 paper by Michael Rosenfeld et al. to demonstrate: Note the spike in “met in bar or restaurant” alongside the spike “met online”....
...that relocate to Ireland et al.” — washu Chasing bankers is the wrong approach “Fighting for London bankers is short sighted....
...One can just imagine a steady stream of choppers zeroing in on the helipad, Larry, Sergey et al talking shop on one of its two 18-hole golf courses, or languishing in its 4,000 sq metre spa....
...Going back to Firestone et al, they found that adding additional percentage points to the capital ratio reduces the risk of crisis by less and less as the level of capital rises....
...On my reckoning, other results in the Engel et al paper indicate that the QE programme increased US equity prices by 11-15 per cent, and reduced the dollar effective exchange rate by 4.5-5 per cent....
...First, Greenspan et al thought the bulk of the spending financed by the extra debt enhanced productivity....
...Given the risks in the Australian housing market and the potential spill-overs into bad loans, we recommend short mortgage insurer QBE’s $ 6.75% 2044 bond vs long Intesa $ 5.017% 2024....
...These days he divides his time between Taos and Venice Beach, driving the 1,000 miles between the two with just his dog for company....
...We suppose, before getting to what might stop this, one should probably discuss what’s hitting the Wunderbund et al. Still early in the day, after all....
...Sensible sentences from Citi’s Buiter et al on China’s valuation shock (with our emphasis): This decision by the PBOC is a significant event, even if its implications and motivations are not yet fully clear...
...That makes China’s leaders v nervous and restricts policy options....
...Unsurprisingly, Borio et al also find that the impact of a given decline in asset values is related to the amount of debt outstanding before the bust....
...So the FDIC as liquidator of Penn Square et al asserted that the “sales” of loan participations by Penn Square and the others were not “true sales” that gave rights to the underlying collateral (whatever...
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