Hints and tips:
...Most dollars are deposits, liabilities of commercial banks. They don’t even have to be American banks....
...A verdict against BioNTech would likely have limited direct financial damage on the company because of an EU legal shield that largely protected vaccine makers from legal liability if they caused unforeseen...
...The only American value “that has grown in importance in the past quarter-century is money”....
...Central bankers and their supporters want to extend deposit guarantee insurance in the belief it will reduce stresses on the financial system. I strongly disagreed in an FT column....
...My fellow Americans, our long national regional-banking nightmare may not be over....
...Griffin’s stance contrasts starkly with that of Bill Ackman, another high-profile hedge fund manager, who on Monday called for the Federal Deposit Insurance Corporation to “explicitly guarantee all deposits...
...Republicans, meanwhile, praised the deal for avoiding a blanket government deposit guarantee for very large accounts, as had happened with SVB....
...Why has the vote of confidence from the American banking all-stars not had a stronger, more lasting effect? I don’t know....
...“Although you can control a museum during your lifetime, it becomes very difficult after you’ve gone, and then there are the considerations of insurance, access and conservation.”...
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...And your bank pays premiums to the Federal Deposit Insurance Corporation, to guarantee your deposits in case it fails anyway....
...pay the same tax as small local companies....
...The bank’s borrowings, or “liabilities”, take the form of deposits, which offer savers a minuscule interest rate but guarantee that their money will be available when they want it....
...For life companies ultimately the default rate on credit is the critical variable as both liabilities and asset are marked to market under Solvency 2....
...Companies relying on packaging will increasingly favour larger, vertically integrated operators with more extensive networks that can guarantee supply....
...When Slovak Republic v Achmea reached the ECJ in 2018, it had been eight long years for London-based Hogan Lovells partner Markus Burgstaller, who represented the country against the Dutch company....
...Drahi’s final, accepted offer, made through his limited liability company BidFair, came in at $57 a share and was announced on June 17....
...And we are seeing the Americas at large, including the US, but also Latin American countries, at a later stage of this recovery process....
...Specifically, Dodd-Frank took away the ability of the Federal Deposit Insurance Corporation to guarantee liabilities of banks and bank holding companies other than insured deposits....
...This could have implications for BT’s pension liabilities in the long term, ie reduce its liabilities....
...Starting in the 1970s, many companies stopped offering DB plans, and shifted to defined contribution pensions, such as the widely used 401(k) in the US, which have no guarantee of an income for savers....
...Few areas are feeling the pinch more than insurance, especially life companies....
...The unfunded liabilities for the 50 US states exceeds $500bn, according to Standard & Poor’s, the rating agency. Retiree healthcare plans are uniquely American....
...The average outstanding guarantee is between 2 and 4 per cent. The companies seek to match their liabilities by investing in long-term assets. But the match is often far from perfect....
...insurance, common bonds, and common taxes....
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