Hints and tips:
...Philipp Rickenbacher, who had planned to attend, quit the Swiss wealth manager last week after it wrote off SFr606mn of loans to beleaguered Austrian property group Signa....
...Home prices are up. Stock prices are up....
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...But at a time when international students are providing vital financial subsidy to the sector, returning to “home fees” — something that cost the UK treasury about £500mn a year in student loan costs — would...
...So unlike stocks where you’re giving money to a company and getting part-ownership in that company, a bond is essentially the way a government or corporation raises money. So it’s more like a loan....
...The vessel accommodates eight guests in four cabins and sets sail from Muscat’s Al Mouj Marina, heading north-west to the Ad Dimaniyat Islands....
...Home prices are up. Credit is extraordinarily good . . . that’s going to continue in the second quarter, third quarter. And after that, it’s hard to predict....
...PacWest’s travails come days after the Federal Deposit Insurance Corporation seized First Republic and sold its deposits and assets to JPMorgan Chase....
...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....
...Jain said he is looking at Adani as a long-term investment with a five-year horizon, so he’s not too worried about its price volatility at the moment....
...If we are right that consumer spending, despite some recent softening on the margin, is still at or above trend, that is another thing for Powell et al to fret over....
...Now they, you have this point-of-sale lender that they acquired last year in GreenSky, which helps fund home improvement loans. So it’s just become this big business....
...Further reading: The Restructuring Process — Buchheit et al. (2019)Government bonds since Waterloo — Meyer et al. (2021)The aftermath of sovereign debt crises: a narrative approach — Esteves et al. (2021...
...Katie MartinFor a long time, it was the undisputed global home of finance....
...Diamond producer De Beers has appointed Al Cook, who most recently led Norwegian oil major Equinor’s exploration and production business, as chief executive....
...’s successful bid to offer taxpayer-backed Covid loans....
...China is increasingly competing with the IMF in offering emergency loans to stricken countries. Ecuador’s $1.4bn debt restructuring deal is the latest....
...Without debt relief, a “cascade of defaults” is on the horizon, warned the Lex column....
...Keeping up with interest rate rises, paying mortgages and paying off loans are all concerns facing the population....
...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...
...A spokesman for the Highgate Society, counterpart to the H&H, tells me he considers today’s custodians, the Corporation, “first rate” at maintaining the balance between wildness and “parkism”, and John Beyer...
...First, there are a lot of banks in America (4,987 are insured by the Federal Deposit Insurance Corporation)....
...However, the mix of demand has shifted slightly to more days at home: 36% would do this 1 to 2 days a week (last survey: 39%, first survey: 42%), 43% would do so 3-5 days a week (last survey: 40%, first...
...Indian Oil Corporation, the country’s biggest refiner, thinks fuel demand will rebound by the end of the year, writes Stephanie Findlay....
...the Middle East’s first case of Covid-19....
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