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 riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...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....
...Robert Smith is an FT capital markets correspondent Follow @FTMag to find out about our latest stories first...
...The recent rise of the Faangs, et al, looks like a knee-jerk reaction to the fall in rates and rate expectations that followed the banking mess (the 10-year yield has fallen from 4-ish per cent to 3.6-ish...
...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....
...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....
...The suites vary, but all are 50sq m with courtyard entrances, and furnished with pieces by – or at least inspired by – Arne Jacobsen, Eero Saarinen, Joe Colombo, Isamu Noguchi, Charles and Ray Eames et al...
...’s successful bid to offer taxpayer-backed Covid loans....
...The scale of the square is hard to appreciate without seeing it first-hand. It is so vast that, on a normal day, The Gate of Heavenly Peace appears to sit on the horizon in the far distance....
...Katie MartinFor a long time, it was the undisputed global home of finance....
...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...
...KKR’s Henry Kravis and George Roberts took home more than $100mn in 2021 — less than a tenth of what Schwarzman received....
...First, there are a lot of banks in America (4,987 are insured by the Federal Deposit Insurance Corporation)....
...Melniks had no experience running a casino, so he enlisted the help of Robert Walker, a smooth-talking veteran who had started in the industry in the 1980s....
...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...
...(Incidentally, for my money, Cronenberg’s scuffed aesthetic has dated at least a little better than the gleaming postmodernism of Neo and Trinity et al.)...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...The one year horizon is actually rather meaningless when we think of structural change....
...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...
...(BBC) Video of the day Are corporations paying enough tax?...
...Unemployment largely holding steady and the expected increase in the national living wage along with utility prices expected to fall in the first part of the year should help improve take-home pay....
...Serious Sweet, by AL Kennedy, Cape, RRP£17.99 Set over the course of a single day, and travelling from Piccadilly to Chiswick via Knightsbridge, AL Kennedy’s latest novel is an ambitious, perambulatory...
...I want to thank Robert Chote and his team at the Office for Budget Responsibility....
...We’ll also, for the first time, provide tuition fee loans for those studying higher skills in FE – and extend loans to all postgraduates too....
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