Hints and tips:
...al....
...The drop-off in the market may well prove temporary, but it’s worth keeping an eye on....
...First, higher interest rates imposed by the Federal Reserve since March of 2022 have padded the bottom lines of JPMorgan and its US banking peers Citigroup and Wells Fargo by allowing them to charge more...
...“Well no, I’m in the real estate business.”...
...The recent rise of the Faangs, et al, looks like a knee-jerk reaction to the fall in rates and rate expectations that followed the banking mess (the 10-year yield has fallen from 4-ish per cent to 3.6-ish...
...The tests showed that all of the banks tested, including Bank of America, Citigroup, State Street and Wells Fargo, would meet minimum capital requirements despite projected losses of $541bn....
...Woman, Life, Freedom by Marjane Satrapi et al (Seven Stories Press) The much-feted author of the graphic novel Persepolis leads a collection of vivid, “visually stunning” accounts of the current unrest gripping...
...BlackRock, Wells Fargo, Bank of America and State Street were also excluded from doing business with the state, Oklahoma said....
...Fargo and Chinese carmaker BYD among others....
...As always, reach out to us at imani.moise@ft.com and sid.v@ft.com with thoughts and topics....
...Capital One, Citigroup, Wells Fargo, Synchrony Financial and Santander You’ve built out a system to manage fraud risk, do you want to do credit risk as well?...
...Companies that sell software to insurance groups have also fared better....
...(NPR) Opinion: There is still work to be done cracking down on methane and other superpollutants (Bledsoe et al, NYT)...
...Fargo....
...Silver Lake, the US private equity firm, is a shareholder in both City Football Group and OVG....
...She is a former Wells Fargo senior vice-president. The law firm Reed Smith is hiring James Atkin as a partner in its global energy and natural resources group....
...But a lengthy cycle of loan losses and business failures remains a legitimate risk scenario (just look at the initial reaction to the results from Wells Fargo)....
...); (v) the EU taxonomy; and (vi) a possible carbon border tax....
...al), which improves SONG’s negotiating position. . . . . uh, great?...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...Other FTSE 100 companies with a US focus — Ashtead, Prudential and Pearson et al — will be monitoring Ferguson’s drip-by-drip progress carefully....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...In the US, $9.5bn of credit charges — including loan loss provisions — pushed Wells Fargo to a $2.4bn loss, while profit fell more than 50 per cent at Citi, Bank of America and JPMorgan....
...KKR is a name you’ll likely recognise, but who’s GK Investment Holding Group? Well, it’s this chap....
...(Incidentally, for my money, Cronenberg’s scuffed aesthetic has dated at least a little better than the gleaming postmodernism of Neo and Trinity et al.)...
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