Hints and tips:
...Bankers working on behalf of Metro began sounding out larger peers — including Lloyds Banking Group, NatWest and HSBC — to gauge interest in buying part of the lender’s £7.5bn mortgage book....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...The UK’s biggest grocer already sold off its mortgage book in 2019....
...Let us know who you would like to hear from on future Fridays: robert.armstrong@ft.com and ethan.wu@ft.com....
...Hedge funds and asset managers can buy those instruments, and trade them in Macau — a place better known for casinos than financial services....
...Send us a prediction: robert.armstrong@ft.com and ethan.wu@ft.com....
...“We are truly in an unmoored environment for government debt compared with previous centuries,” said Robert Tipp, head of global bonds at PGIM Fixed Income....
...The fall in the proportion of mortgages that are adjustable rate and the stampede to refinance mortgages while rates were very low means that higher mortgage rates have not had a large impact on the interest...
...It has also sounded out rivals, including high street lenders such as HSBC, Lloyds Banking Group and NatWest, about buying a third of its mortgage book, although analysts are sceptical that this would solve...
...said Michael Ice, an associate professor of finance at the University of Rhode Island who worked for decades on Wall Street including at foreign groups such Rabobank, UBS and HSBC....
...Its stock fell along with its peers as Fed tightening drove mortgage rates up. But since September, the group has come roaring back....
...Arrival’s deal with Kensington Capital Acquisition Corp V values the company at $524mn....
...Aviva Investors, Fidelity International and HSBC Asset Management are among those leading the push to influence technology businesses to commit to ethical AI....
...Send us your conspiracy theories: robert.armstrong@ft.com and ethan.wu@ft.com....
...The Maltese Business Register also shows that Project Rocco Limited’s shares were pledged to HSBC’s Guernsey branch at the end of last year....
...And again, it’s a bit of a lesson in does it make sense for banks to be heavily concentrated on one industry or does it make more sense for them to be more of a full service bank like HSBC, where you can...
...However, it will take two years or more to fully wind down its stock of deposits, mortgages, credit cards and small-business loans....
...I moved to the US and I was at HSBC, and here I am 16 years later — despite their service level being really poor in the US — still with HSBC....
...Meanwhile, Robert Shrimsley looks at how the Truss government can restore its shattered credibility and concludes “the reboot is imperilled by a vicious circle of five M’s — money, markets, mortgages, majority...
...Since the beginning of October, Maga Inc, a newly created Trump super Pac, has spent $8.5mn on ads in Ohio, Pennsylvania, Georgia, Nevada and Arizona....
...We are a software as a service business. We charge banks a transactional fee. Every loan that we analyse is a transactional charge....
...The funding for the programme will come from the large banks such as HSBC that already use the British company’s platform....
...We rounded off the event with a spirited debate between Gillian Tett and Robert Armstrong on the merits of the ESG investment agenda....
...Both use HSBC to offer private label services with a focus on credit cards, insurance and investment products rather than mortgages and lending....
...The bond funds will make the calls that matter,” says Steven Major, global head of fixed income research at HSBC. “They represent real money, not fast money.”...
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