Shakera H. Banks

...(Ethan Wu) Bank earnings Banks are the most economically sensitive of businesses. They earn a spread by acquiring money at a lower price and lending it at a higher one....

April 17, 2024

Accountancy

The dark art of bank fair-value accounting needs more transparency

...Todd H Baker is a senior fellow at Richman Center for Business, Law and Public Policy at Columbia Business School and Columbia Law School Loan accounting in a bank should be straightforward, delivering...

January 19, 2024

FT Live

Global Banking Summit

The world's top gathering of leaders in finance

US & Canadian companies

Nearly all Americans agree . . .

...We saw this online yesterday (h/t @quantian1): . . . “97% of the public agrees” that Basel III Endgame is “bad for working Americans”? What does that even mean?...

March 7, 2024

Federal Reserve

Fed’s inflation fight is ‘not done’, says Powell

...The review, which is expected to last about a year, is roughly in line with the central bank’s plans to update the document every five years....

April 3, 2024

US interest rates

Powell says US inflation ‘taking longer than expected’ to hit target

...The remarks highlight the widening gap between rate expectations for the Fed and other big central banks....

April 17, 2024

Federal Reserve

Powell says Fed expects to make ‘material’ changes to controversial bank capital proposals

...Fed should the central bank refuse to make big changes....

March 6, 2024

FT Live

Finance Disrupted at TNW Conference

Shaking The Foundations Of Finance | Formerly Future of Finance

Federal Reserve

Powell says Fed ‘not far’ from having confidence to cut interest rates

...Powell was speaking in Washington just hours after European Central Bank president Christine Lagarde signalled the central bank could begin lowering interest rates in June....

March 7, 2024

US inflation

Fed chair Powell expects US inflation to keep cooling in coming months

...Powell said this US “exceptionalism” in the face of weaker global growth meant the central bank could afford to take its time....

March 29, 2024

Federal Reserve

Bullish Jay Powell sticks to Fed’s rate-cutting script

...Even so, some economists believe recent US data — notably on inflation — will force the central bank to be more cautious....

March 21, 2024

News updates from March 27: Yen hits 34-year low; Nobel winner Daniel Kahneman dies

What to watch in Europe today

...Central banks: The Bank of England’s Financial Policy Committee releases its March summary and report on risks to financial stability....

March 27, 2024

Federal Reserve

Trump says he would replace ‘political’ Jay Powell as Fed chair

...in a brazen challenge to the US central bank’s independence....

February 2, 2024

US interest rates

Fed expects to make three rate cuts this year, says Powell

...The US central bank increased borrowing costs by 525bp in just 18 months after inflation surged to its highest level in decades....

February 5, 2024

Global Economy

Will Chinese prices suffer new year hangover?

...Hudson Lockett What will Fed speakers this week tell us about rate cuts and regional bank jitters?...

February 4, 2024

Federal Reserve

Powell says Fed rate cuts in March are ‘not base case’

...But the Fed chair said the central bank still needed “greater confidence” that inflation was “sustainably” lower....

January 31, 2024

FT Alphaville

This Christmas, show the world how much you love Jerome Powell

...From Bank of England facepalm tote bags to small caged mammal T-shirts and Cathie Wood hates FTAV mousepads, if you can’t get it there you can: 1) look somewhere else2) email us and ask us to make it Click...

December 15, 2023

FT Live

Bank of the Year Awards 2024

Recognising the best in banking globally

US interest rates

Jay Powell pushes back on investor bets on imminent rate cuts

...As a central bank, you’re better off being too conservative right now.”...

February 1, 2024

US employment

‘Stunning’ US jobs growth of 353,000 far outstrips estimates

...Powell sought earlier in the week to cool speculation about a March rate cut, warning that it was not the central bank’s “base case”. “Powell killed a March cut....

February 2, 2024

Federal Reserve

Powell reveals Fed’s hand on US interest rates

...The central bank was “very focused” on not waiting too long to cut rates, he added....

December 14, 2023

The Long ViewKatie Martin

Jay Powell’s festive giveaway to investors

...Outside emerging markets, Switzerland’s central bank also lowered its inflation forecasts, Norway proved to be a fun sponge with a further quarter-point rise, and the Bank of England opted to keep rates...

December 15, 2023

News in-depthCentral banks

Central banks rethink forecasting after failures on inflation

...The European Central Bank, the Federal Reserve, the Bank of England and other official forecasters failed to see how the end of Covid-19 lockdowns and an energy shock triggered by Russia’s full-scale invasion...

December 28, 2023

US interest rates

Traders boost US rate cut bets despite pushback from Fed’s Powell

...Jay Powell has sought to push back on speculation that the Federal Reserve had won its fight against inflation, even as traders boosted bets that the US central bank could start cutting interest rates as...

December 1, 2023

Fintech

Gift cards: the crypto off-ramp no one is watching

...Yankee Candle and H&M didn’t respond to our emails. The food & dining sector follows closely in second with 72 companies....

March 12, 2024

News in-depthUS interest rates

Powell under pressure to set out plan for US interest rate cuts

...Matthew Raskin, a former senior staffer at the Federal Reserve Bank of New York who is now US head of rates research at Deutsche Bank, said signalling anything more than that could complicate things for...

December 10, 2023

Unhedged

Is the term premium rubbish? Premium

...He also points to banks, a prominent holder of Treasuries. As Bank of America itself has learned recently, holding low-yielding bonds in a high-rate environment is not without costs....

October 20, 2023

Letter

Letter: A bit of creative thinking on the development debate

...Robert H Wade Professor of Global Political Economy London School of EconomicsLondon WC2, UK...

October 19, 2023

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