Hints and tips:
...The bank plans to securitise and sell loans from its Chase retail business, including mortgages, auto lending and credit card loans, these people said....
...Yesterday Joe Biden addressed striking members of the United Auto Workers union outside a General Motors plant in Belleville, Michigan, as the 2024 presidential campaign heats up....
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...In June 2020, Cameron texted Zahawi: “Lex Greensill . . . says you are being v helpful over HMT and CBILS programme”, according to the former prime minister’s disclosures to the Treasury select committee...
...Additional contributions from Irwin Cruz and Gordon Smith...
...If you have a theory about footwear-specific investment risks, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...“The economy sucks right now,” said Avonti Fonville, a Ford worker in Wayne, Michigan, from the picket line before his union, the United Auto Workers, struck a deal with the automaker last month....
...And Andreas Gursky’s panoramas of Siemens factories in the 1990s are heralded in the aerial view of the massive assembly line “Employees’ Cars at Ford Factory”, photographed by Robert Smith for a commercial...
...Britain after Brexit is edited by Gordon Smith. Premium subscribers can sign up here to have it delivered straight to their inbox every Thursday afternoon....
...David Cameron, the former prime minister who earned millions of pounds as a boardroom adviser to the controversial financing firm, told Zahawi via text in 2020 that he had been “v helpful” with Greensill...
...to Bob “Chip” Roberts IV and Bill “Scooter” Williams V....
...Ultimately, he sold Mindbody to Robert Smith’s Vista Equity Partners for $1.9bn in 2018....
...Analysts view the rise of China’s domestic auto industry as a forerunner to a tectonic shift in the global auto market as Chinese EV makers start to sharpen their focus on export markets....
...The collaboration “picks up on [our] thermal management capability”, said Robert Bond, head of future projects at Reaction Engines....
...“I didn’t like the auto business,” Munger recalls. “It’s difficult to make a fortune in the auto business.” But, “it worked so well, the early investment in BYD was a minor miracle”....
...Logically, the party will also quietly move to a high-alignment position on regulation in many key sectors like chemicals, agriculture and autos, which will pare back the Irish Sea border since NI and GB...
...If you’ve got thoughts about this or a topic that would suit a future installment of the Future of Money, email me at sid.v@ft.com....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...And, finally, three unmissable Brexit stories The Britannia Unchained crowd are now in Downing Street, writes Robert Shrimsley, and they see a second chance to fulfil the Brexit dream....
...Go deeper: In today’s Unhedged email, Robert Armstrong highlights the panic gripping China’s junk bond market....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...Our editor is Jess Smith. We had help this week from Lauren Fedor, Zoe Han, Gavin Kallmann, Michael Bruning and Persis Love. Our theme song is by Metaphor Music....
...The same was true for the auto industry, he said, citing the more than 40 per cent annual rise in used car prices driven in part by a global shortage of semiconductor chips....
...Liberty Steel also announced that V Ashok, currently chief financial officer of GFG, would be stepping down “for personal reasons” at the end of May....
...Written by US financial editor Robert Armstrong, ‘Unhedged’ will land in inboxes each weekday morning. Sign up here....
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