Hints and tips:
...Wells has a strong foothold in the sector outside New York dating back to 2004, when a pair of former Citi private bankers launched a law firm business at what was then Wachovia....
...Shotgun M&A was a popular response, with Bear Stearns, Merrill Lynch, Wachovia, HBOS and Alliance & Leicester all moving overnight to new ownership....
...— Deposit businesses at large vs small banks (NBER) — The REIT pain trade (Lewis Enterprises’ Substack) — More thoughts on that NYTimes article about people getting dumped by their banks (CreditSlips...
...For Niall Olden, managing partner at Kernel Capital, which runs the Bank of Ireland Kernel Capital Growth Funds (NI), the “big gap is private sector institutional money” in the region....
...Metro Bank’s billionaire owner Jaime Gilinski Bacal is set to take a seat on the UK challenger bank’s board. Gilinski became Metro’s majority shareholder as part of a financing last year....
...Maybe the backers of Hamilton Reserve Bank have therefore forgotten the lesson of Water Street vs. Panama....
...Remember, this is a development that banks, borrowers, regulators and politicians actually all want, to varying degrees....
...The US markets take a break on Monday for Martin Luther King Day, but then we’re back into the thick of earnings season with the tail-end of the big US bank reports and a clutch of results from non-financial...
...In today’s newsletter: Metro Bank’s messy week Abcam’s takeover drama The regulatory saga that left Metro Bank in a pinch Metro Bank hasn’t exactly been on a tear in recent years....
...Palais de la Découverte, to Albert Thomas....
...A request by a bank for the court to intervene in another dispute with the fund is still pending. “I had no obligation to recuse in any of the cases that ProPublica cites....
...But Alito and fellow conservative justice Clarence Thomas said they would have denied the application to do so....
...The “king of tread” takes the FT’s Charlie Thomas ice drifting at Michelin’s Arctic Proving Ground in Ivalo, Finland, in this thrill of a read....
..., and then England vs Ireland....
...Analysts at UBS said shifting the listing to the US could lead to a “multiple re-rating given US peers trade on roughly 25x [price to earnings] vs CRH on 13x”....
...The lacklustre performance marks a reversal from 2021 when banks were allowed by Beijing to take control of their local operations in China. 5....
...In today’s newsletter: JPMorgan vs Goldman Sachs Czech billionaire hits it big at Casino Sony gives up the game Goldman gets ahead of the bad press It’s a great time to work at JPMorgan Chase....
...In today’s newsletter: US regional banks in crisis Carlyle misses the mark Sixth Street vs Bed Bath & Beyond The US banking crisis builds after First Republic Nelson Peltz, the billionaire investor...
...Monetary policy: Federal Reserve Bank of Richmond president Thomas Barkin and Boston Fed president Susan Collins have public engagements today. Five more top stories 1....
...Expectation vs reality CrowdStreet raised $4bn by promising big returns to small real estate investors....
...can decide for themselves the number of days in the office vs at home”....
...The measures may have been effective in keeping a lid on prices for some items, but the World Bank has come out against their use....
...the Swiss bank’s 166-year history....
...So I do think there’s a sort of readjustment of positions, as you might expect, after what has been such a fundamental shift . . . Isabel BerwickYeah. Daniel Thomas in how people work....
...Thomas Pugh: Inflation and pay growth will have fallen by enough that the Bank will be able to start cutting interest rates in the summer....
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