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...The event highlighted the US scheme, which has attracted interest from Amazon, Mastercard and Bank of America but is still seeking corporate buyers for its credits....
...JPMorgan, Bank of America, Citigroup and Wells Fargo all reported quarterly earnings on Friday. JPMorgan was alone among the group in posting record net profits for the year of $49.6bn....
...Profits at US bank Wells Fargo fell in the first quarter, in a sign that the benefits of high interest rates are waning for the big lenders....
...The workers, who voted 5-3 in favour of organising, will be part of Wells Fargo Workers United, a union formed in 2021 that is associated with the Communications Workers of America....
...Other top banks Citigroup, JPMorgan Chase and Wells Fargo also recorded drops in lending in the first three months of the year as they revealed results late last week....
...Oil-rich Gulf states and some other countries in the region had recovered well in the immediate aftermath of the pandemic, but outbreak of the war in Gaza has triggered tensions and hostilities across the...
...An understandable reaction to all this would be to say “well, this official vs commercial divide has been around for a long time, perhaps it’s time to just move past it”....
...The father of mortgage-backed securities, unsurprisingly, puts his faith in the power of markets. Larry Fink last week released his perennially anticipated shareholder letter....
...So I’ve come back to this lush and lavish island, which has one of the highest concentrations of wealth in America — some estimates put the number of billionaires with homes here as high as 57 in less than...
...The 10 largest now account for a third of the entire index’s market capitalisation, and one in four of every dollar earned by America’s 500 biggest companies, according to Goldman Sachs....
...The lawsuit filed in state court in San Francisco contended that Sloan “bore the brunt of public criticism, much of it directed at Wells Fargo policies and practices that predated his tenure as COO or CEO...
...Stephen Carson, head of asset management and investment funds at Irish law firm A&L Goodbody, said that in the absence of the OFR, the UK was continuing to operate on measures brought in after Brexit came...
...A review of the book Stuffed in last weekend’s FT contained two misspellings of the author’s name....
...Related: Bond fund giant Pimco told the FT it was holding a smaller than usual position in US Treasuries and preferred the bonds of countries such as the UK and Canada. 2....
...The 10 largest stocks in the MSCI All Country World Index now account for 19.5 per cent of the widely followed benchmark of 23 developed and 24 emerging countries....
...well as the lapsing of a decades-old tax incentive that underpinned many new buildings....
...In light of the Bernanke review of the economic forecasting methods that support monetary policy at the Bank of England, there would appear to be a strong case for a parallel independent review of the analytical...
...He added that this would demand a “tricky balance” between expanding the number and nature of sources, while ensuring the information remained of good quality....
...In the UK, The Investment Association estimates that passive accounts for a third of all assets under management, and index fund assets eclipsed those in actively managed funds in the US market at the end...
...The notion of a $100 charge to buy an ETF is “well out of line” with investor expectations for how much trading an ETF should cost, said Elisabeth Kashner, director of global fund analytics at FactSet, a...
...That figure is roughly one-tenth of 1 per cent of BlackRock $10tn in assets under management, and some Republican state pension funds still have well north of $20bn parked with the money manager....
...Additional costs depended on the size and nature of the fund, as well as flows, Whelan said....
...Three London-based dealers in Old Master pictures — Charles Beddington, Johnny van Haeften and Fabrizio Moretti — all agree that the scheme works well....
...The biggest boom of late across Latin America has been in cross-border insults. Presidents of all stripes seem to relish nothing more than trading barbs....
...Beverley began her account to try to engage with young people in the small Lancashire town where she serves. She explains churchy terms and practices as well as participating in the odd meme....
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