Hints and tips:
...The US securities regulator says Texas-based Agridime LLC and its owners — Josh Link and Jed Wood — have been running a $191mn Ponzi scheme selling “Cattle contracts” in 15 states....
...It was purchased by Dream First Bank, a bank with $511mn in assets based in Syracuse, Kansas (and formerly known as First National Bank of Syracuse)....
...The state is one of 15 states holding “Super Tuesday” primaries tomorrow. Separately, North Dakota will hold its Republican presidential primary today. Five more top stories 1....
...Across south-east Asia, Penang’s residential property price growth in the first half of 2023 was second only to the expensive city-state of Singapore, according to Knight Frank....
...Hanoi raised environmental concerns over the canal with Hun Manet during his first state visit in December, a few months after he succeeded his father Hun Sen following the strongman’s nearly 40 years in...
...months has left the industry in a state of disarray....
...Hoarding dollars — the proverbial hiding cash under the mattress — is a national pastime....
...Then, the spark for success was provided by the financial sector, starting with Jim Slater’s offer of £5,000 for the first British grandmaster, followed by the Lloyds Bank Masters where many young home talents...
...A tulip could serve as a springboard for a discussion of financial manias, but a steam locomotive from York’s National Railway Museum might be more historically accurate....
...The overnight implosions of Silicon Valley Bank and First Republic are cautionary tales of hubris and fragility....
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...Bloomberg first reported this week that Arm had decided on a sole US listing....
...Such largesse would certainly come in handy, given that — according to ING bank — Hungary’s real gross domestic product has been shrinking since mid-2022....
...I had no idea what it meant so I spent a lot of time researching financial markets....
...The expensive restructuring is to be funded by a SFr4bn capital raise, backstopped by the Saudi National Bank, whose investment will make it Credit Suisse’s largest shareholder....
...Eventually the group acquired the rest of Albertsons as well as the national chain Safeway....
...Alan Joyce will step down as head of Australia’s national carrier Qantas after 15 years in charge. Chief financial officer Vanessa Hudson will step in as CEO....
...Michela Tindera Law sees what’s happening in Great Britain with the bank and the South Sea Company, this financial revolution....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...“What do you want of that vast and worthless area,” the one-time US secretary of state Daniel Webster asked of Wyoming when the idea of a transcontinental railroad was first floated in 1843, “that region...
...Despite the recent choppiness of financial markets, 51 per cent of US equity fund managers out performed the stock market in January, according to Bank of America....
...Last week’s State of Fintech report from CB Insights had some striking stats....
...Just like how cruise missiles and later drones became an easier and cheaper method than sending in the US marines — let alone long-term state-building — financial sanctions might become a tempting weapon...
...Mark Jensen, an adjunct professor of banking at North Dakota State University in Fargo, says big national banks have not had a lot of luck in his state....
...The state remains on high alert to guard against it....
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