Hints and tips:
...The figures, from JPMorgan analysts, confounded the bank’s own expectations and suggest a lingering lack of confidence among executives....
...Westlake and Wilshire agreed to the CFPB’s action without admitting or denying the allegations....
...In 2015, the US Consumer Financial Protection Bureau ordered two such companies, Westlake Services and Wilshire Consumer Credit, to pay nearly $50mn in combined restitution and fines....
...But use of leverage can backfire, as it did during the 2022 gilt markets crisis, when forced selling by UK pension funds led to an emergency intervention by the Bank of England....
...“This is no different from the way the market has evolved in the past — the banks have always innovated and always dealt with some of these issues,” says Mark Makepeace, chief executive of Wilshire, an index...
...Munger was speaking on the veranda of his home in Greater Wilshire, a leafy neighbourhood of Los Angeles, where he has lived for 60 years since he designed the property himself....
...After arriving in LA the night before, Eric and I set off for Munger’s home in Greater Wilshire, a leafy neighbourhood....
...In a sign of how deep the losses are for the crypto market, an FT Wilshire gauge tracking the top five digital coins excluding bitcoin has fallen more than 70 per cent from its recent high....
...It is down another 10 per cent today at $20,562.71, according to the FT Wilshire Bitcoin Blended Price Index. Crypto investors tend to trade much more actively during bull markets....
...Other cryptocurrencies have also come under intense selling pressure, with an FT Wilshire index of the top five tokens excluding bitcoin down 30 per cent in the first month of 2022....
...The broader digital asset market has also come under intense selling pressure, with an FT Wilshire index tracking the top five digital coins excluding Bitcoin down 27 per cent in 2022....
...Bank of America and Citigroup suspended equity trading with Segantii Capital Management, the Hong Kong-based hedge fund run by Blackpool Football Club owner Simon Sadler....
...The rest of the digital asset market also came under significant pressure, with an FT Wilshire index tracking five major tokens excluding bitcoin shedding a tenth of its value on Friday....
...Money managers set up war rooms in suites and restaurants along the cluster of luxury hotels dotting the intersection of Wilshire and Santa Monica Boulevards, trying to snag their slice of the trillions...
...“It’s the holy grail,” says Mark Makepeace, the head of index provider Wilshire. “It solves a core problem of investing and would be hugely beneficial.”...
...This week, Moral Money noticed that ESG issues are now being cited by analysts at Wilshire Phoenix as one factor that might cause the gold price to rise (the fear is that ESG concerns will disrupt supply...
...The Bank of England’s consistently engaging Bank Underground blog has a post today that gathers up some of the literature on how corporate balance sheets have been impacted by the pandemic....
...Smart reads Prince of Beverly Hills A Qatari sheikh took up residence at the Beverly Wilshire while completing two degrees at the University of Southern California....
...over the past 10 years relative to their smaller competitors,” says Mr Hooke, who has served as a principal investment officer of the International Finance Corporation, the private-sector arm of the World Bank...
...Industrial and Commercial Bank of China and China Construction Bank now occupy the top two positions of the Forbes Global 2,000, an annual ranking that reflects not just market capitalisation but also sales...
...economic calendar (all times London): 08.30: Halifax UK house prices 09.30: Eurozone Sentix index 10:00: Eurozone retail sales In the US, the Q4 earnings season kicks off later this week, with the big banks...
...After peaking at nearly 7,500 in 1997, the number of public companies fell to about 3,600 at the end of 2017, the lowest level since the early 1970s, according to Wilshire Associates, which compiles a benchmark...
...Someone who had bought the Wilshire 5000 index of publicly-traded US stocks on October 6, 2008 would today be up about 180 per cent after reinvesting dividends....
...Peter Koh, chief credit officer of Wilshire Bancorp, said there were some “red flags” and added the Los Angeles-based bank was planning to “diversify away from CRE”....
...With Bank of England governor Mark Carney now promising a “whatever it takes” approach to boost growth in the UK and pressure on the European Central Bank and US Federal Reserve to shore up confidence in...
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