Hints and tips:
...J. Christopher Flowers, the private equity investor known for reviving failed financial institutions, has warned that private capital’s push into insurance is coming with systemic risks....
...Other schools have adopted in-stadium title sponsors for their teams, like the MSU Spartans Presented by Rocket Mortgage....
...This would then change the base case of a “Nike logo-shaped” GDP growth trajectory into a “W-shaped” one....
...The most disconcerting aspect of the Brexit process remains the absence of what George H.W....
...Corp bonds QE has been done before (they hold £10bn) still a potential route if credit mkts do seize up down the line....
...Letter in response to this article: Housing bubbles always make mortgage books look good / From Alex J Pollock, Washington, DC, US...
...The bank is planning to push into mortgages, insurance, and car loans as it bets on a consumer-facing business....
...In particular, it grants relief for mortgage-servicing assets and construction loans. Yet industry bodies also gave the proposals a lukewarm response....
...On Friday the US Treasury department is expected to unveil its latest set of recommendations for financial reform with a focus on capital markets....
...“He’s not the kind of person who spends time worrying about burnishing his image with other folks,” says Bradley Smith, a friend and law professor at Capital University Law School in Columbus, Ohio....
...Reasons to be upbeat include growth in mortgages, a return of “animal spirits” in small-business borrowing, and a “little bit more leverage” in balance sheets, as regulators allow banks to return more capital...
...(WSJ) Warren Buffett’s rescue is not being hailed by all shareholders of Canadian mortgage lender, Home Capital Group. Shareholders must approve the second half of his rescue capital plan....
...In October 2013 the bank paid a huge fine to settle government charges of mis-selling mortgage-backed securities....
...Most recently, France’s Natixis took a stake in Peter J Solomon last year. Sumitomo Mitsui had been an early investor in Moelis and Co....
...Bradley Coleman, who previously served as Controller has been named interim CFO. Separately, Timothy J....
...W hen should growing inequality concern us? This is a moral and political question. It is also an economic one....
...The new company wasn’t named in the memo, but people familiar with the move expect her to take a job with First Data Corp., the Atlanta payment processor run by former J.P....
...The extra capital did little to restore confidence as the mortgage market seized up....
...However, banks globally have been selling down stakes in other financial institutions as changes to lenders’ capital regulations make owning equity in another business significantly more expensive....
...Lawrence Summers is Charles W Eliot university professor at Harvard and a former US Treasury secretary...
...Financial Times) “Top U.S. hedge fund managers in the third quarter zoned in on the consumer sector, with investment plays ranging from Sotheby’s, a high-end auction house that caters to millionaires, to J.C...
...“It’s considerable private capital,” said Phillip Swagel, a professor at the University of Maryland School of Public Policy and a senior Treasury official under George W Bush....
...(Financial Times) The SEC “is looking into J.C. Penney’s controversial offering of about $800 million in stock this fall....
...It is probably too much to expect the federal capital to scale back its generous subsidy for home mortgages, which has underwritten the growth of exurbia....
...Six months later the bank failed and the Federal Deposit Insurance Corp, the regulator, sold WaMu to JPMorgan....
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