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 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...
...In the second quarter of this year, growth in card loans at JPMorgan Chase, Citigroup and Bank of America were 0 per cent, -5 per cent, and -10 per cent, respectively....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...While JPMorgan and Bank of America, its two closest competitors, have seen an increase in value of roughly $225bn each since 2012, Citi’s is about $80bn....
...Either Trump is right, and there’s a deep state conspiring to sow fake links between him and the Kremlin, which requires a leap of magical thinking, or else the FBI et al are closing in on their prey....
...(Bloomberg) US oil driller Continental Resources has hired Rory Sabino, formerly of Bank of America Merrill Lynch....
...This was disproved by the trial of US v Zarrab et al, in which a Turkish banker and a gold trader were convicted of laundering Iranian oil and gas revenues....
...The relationship is a symbiotic one of aligned interests. China wants to lead in tech, so having two players chasing the market caps of Facebook et al is a plus....
...Reed Hastings never had to work out a way of collecting money without credit cards, or to fret about data servers — actual physical boxes holding 170 terabytes of House of Cards et al — being stranded at...
...The European economy, meanwhile, is in recovery mode, as reflected by a spate of strong first-quarter real GDP prints posted this week across emerging Europe in Poland, Hungary, Romania et al....
...First, Brunnermeier et al use ESBies as a way to deny joint liability among sovereigns....
...Williamson and Gomme et al. suggest as much. While investment is lower than before the crisis in Europe, that is not true in the US....
...The latest case, Google v Joffe et al, involves a class action suit stemming from the company’s illicit collection of snippets of information from WiFi networks in homes that its StreetView cars were passing...
...Bank of England minutes....
...The ratings of Bank of America and Citigroup are also under review, but with “direction uncertain”, Moody’s said. The review follows a similar statement from rival Standard & Poor’s in June....
...(Bloomberg) - How Goldman (et al)’s aluminium warehousing cost American consumers $5bn in three years. (New York Times) - The commodities supercycle is still ending....
...No surprise to see GMO et al flag up “impact on third parties” from the start....
...That figure pales against the total value of the US housing market – $23.7tn at the end of 2012, according to Zillow – but it could grow exponentially if Blackstone et al are able to get their hands on cheap...
...Freddie Fannie (and the home loan banks) surplus cash positions impact the Fed Funds rate (Bech and Klee, 2011)....
...While the black taffeta evening gowns and sturdy looking peacoats on Karlie Kloss et al shouted winter, the models’ peachy complexions were all spring – try Bobbi Brown’s Sheer Color Cheek Tint in Sheer...
...Mr Gilauri et al have normal contracts with the UK-based holding company. This two-tier system may just about satisfy the letter of the UK’s Corporate Governance Code....
...Again, it was all a bit vague in the courtroom, but one idea seemed to be giving NML et al whatever the backlog of 11 years of payments was, and then paying them at the EBG rate thereafter....
...(Reuters) - Philip Stephens: A taxing problem for Google et al. (Financial Times) - Analysis: The challenges facing Anglo American’s new chief....
International Edition