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☆ The Fed only cares about inflation. That's bad news
▼ + stars: | 2022-10-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

It seems that Powell wants to atone for his mistake of repeatedly calling inflation “transitory” for much of last year. Keep in mind that the Fed’s series of rate hikes are unprecedented in the “modern” era of central banking, i.e. after Alan Greenspan became Fed chair in 1987 and the Fed became far more transparent. Rate hikes raise the costs for companies to pay down their debt, increasing the possibility of corporate bankruptcies and defaults on commercial loans. As long as inflation remains the bigger issue for the economy, the Fed is going to focus more on getting prices under control.

☆ Credit Suisse's investment bankers are bracing for another case of 'rinse and repeat' as they await the bank's second strategic review in a year. Insiders describe an environment of uncertainty and cy
▼ + stars: | 2022-09-27 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +7 min

Investment bankers at Credit Suisse are stuck in limbo and are bracing for heavy cuts as the bank rolls out another strategic review. Among the plans reported to be under consideration are a three-way split of the investment bank, according to the Financial Times. This review of the investment banking business is Credit Suisse's second in a year. Credit Suisse will update the market when it reports third-quarter results on October 27. Bracing for changeThe investment bank was known as Credit Suisse First Boston until 2005.

☆ Loans Are Cheaper Than Bonds for Some Highly Rated Companies
▼ + stars: | 2022-09-21 | by ( Nina Trentmann | ) www.wsj.com time to read: +7 min

Some highly rated companies are turning to term loans instead of bonds for their financing needs, taking advantage of cheaper pricing as banks have been slower to adjust to rising interest rates than the credit markets. Highly rated companies raised $998.8 billion in bonds in the U.S. this year through Monday, compared with $177.9 billion in term loans, according to Refinitiv, a data provider. For all of last year, fundraising through bonds amounted to $1.46 trillion versus $236.7 billion for term loans for investment-grade-rated companies. Term loans often have a shorter duration than bonds, with many of them ranging from three to five years. Term loans tend to be secured,” Mr. Holtz said, pointing to the mixture of bonds and term loans that make up the company’s capital structure.

☆ Putin speech sends sterling to fresh 37-year low ahead of Fed, BoE meetings
▼ + stars: | 2022-09-21 | by ( Lucy Raitano | ) www.reuters.com time to read: +3 min

Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. An expected interest rate hike by the U.S Federal Reserve (Fed) later in the day played into market sentiment, with eyes also on a Bank of England rate decision and a new government mini-budget this week. By 1143 GMT, the pound was down 0.31% against the dollar at $1.13460 pence , having earlier hit $1.13040 - its lowest since 1985. Register now for FREE unlimited access to Reuters.com Register"This morning’s dip is primarily a function of the Russia news. The Office for National Statistics said public sector borrowing excluding state-owned banks stood at 11.82 billion pounds ($13.44 billion) last month.

☆ Reactions: Putin mobilises more troops for Ukraine
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +20 min

Russian President Vladimir Putin makes an address on the conflict with Ukraine, in Moscow, Russia, in this still image taken from video released September 21, 2022. I think even with this Russia stuff it’s hard to see the market really rally a lot more from here ahead of the FOMC. From a geopolitical standpoint, Putin is frustrated that the war isn’t going his way and he’s threatening the west. "If it gets really, really bad, I'd expect the dollar to rise." This announcement by Putin to intensify the escalation in Ukraine definitely doesn’t help.

☆ Casino jackpot winner alleges Michigan bank wouldn’t cash her prize check because she’s Black
▼ + stars: | 2022-09-07 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

A Black woman from Michigan says she was racially discriminated against when three employees at a Fifth Third Bank told her a casino jackpot check she was trying to deposit was fraudulent, according to a recently filed federal lawsuit. Pugh’s attorney, Deborah Gordon, said Wednesday that the check was for about $12,000 after the casino deducted taxes from the $20,000 jackpot. Pugh, according to the lawsuit, was raised in Alabama during the Jim Crow era and retired from Detroit Public Schools after 36 years. Pugh ended up depositing the check at another corporate bank, Gordon said. And then they took her check,” Gordon said.

László Diósi, Președintele Comitetului Executiv – CEO, a sumat „Ar fi sincer să recunoaștem că stabilitatea noastră financiară este atu-ul acestor timpuri. Fapt care ne-a permis să răspundem cu agilitate nevoilor clienților, să mizăm pe eficiență în gestionare și să fim prudenți în anticiparea riscurilor. Programul TFP al BERD promovează comerțul exterior către și din economiile în care BERD investește. Până în prezent programul TFP a sprijinit peste 27.000 de tranzacții comerciale, însumând peste 22 miliarde EUR. Beneficiați gratuit de consultarea cu privire la instrumentele de facilitare a comerțului internațional, oferită de experții Mobiasbanca - OTP Group, apelând la 022 812 400/022 812 490 sau la adresa e-mail: tradefinance@mobiasbanca.md.

Persons: Renaud, Elena, László Diósi Organizations: OTP Group, OTP, BERD Locations: OTP Group

☆ MAIB a desfășurat prima fază a sesiunii strategice
▼ + stars: | 2021-03-23 | by ( ) www.ipn.md time to read: +1 min

MAIB a desfășurat prima fază a sesiunii strategiceMoldova Agroindbank este onorată să anunțe despre desfășurarea unei sesiuni strategice cu prezența a peste 70 de participanți, inclusiv membri ai Consiliului Băncii, ai Executivului și o parte a middle-managementului, întâlnirea reprezentând o etapă preliminară revizuirii strategiei băncii. Printre multiplele subiecte abordate la sesiune menționăm cele mai bune practici internaționale și regionale, studii de caz și istorii de succes din domenii ca:Experiența clientului și centrarea pe client;Brandul;Transformarea rețelei;Private și corporate banking;Plăți;Ecosisteme digitale și e-commerce;Cultura corporativă;Perspectivele pentru IPO. Sesiunea a avut loc online, un accent sporit fiind pus pe discuțiile în grup, brainstorming, gândire creativă, asigurându-se implicarea activă a participanților și agreindu-se asupra modului în care cele mai bune practici internaționale, regionale ar putea fi utilizate de MAIB pe piața din Republica Moldova. Sesiunea strategică și discuțiile aferente în grup constituie un punct de pornire pentru actualizarea strategiei MAIB și avansarea băncii la nivelul următor. _______DISCLAIMER: Autorii comunicatelor – nu agenția de presă IPN – poartă responsabilitate exclusivă pentru corectitudinea și esența conținutului comunicatului, prezentat spre publicare și/sau distribuire.

Persons: MAIB Organizations: Sesiunea Locations: Moldova, Republica Moldova

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