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About $10bn of loans have been refinanced in public markets as conditions improve due to rate cuts being on the horizon
Quilty as charged
Plus, trade unions are copying activist investors to take-on corporate America and Ackman returns to dealmaking, finally
Banks take tougher stances as financial job market weakens almost four years after start of pandemic
Growth stocks and emerging markets to be biggest winners when borrowing costs fall, Bank of America survey shows
Biggest lenders optimistic about economic outlook despite higher interest rates
The Wall Street bank has grown the business this year as others have shrunk — but its shares lag behind rivals’
Nothing matters
Listing of luxury trainer brand in Milan could come as soon as the first half of 2024
Fund managers’ holdings of cash fell to a two-year low this month, Bank of America survey shows
Hitting the history books for comparisons
Earnings growth trails rivals but lender buoyed by strong performance in investment banking and sales and trading
Analysts predict the net interest income driving Wall St profits took a hit in the third quarter
Concern about loans getting stuck on their balance sheets has left some lenders wary of riskier deals
And explaining the rising term premium
South Asian powerhouse has become a target for expansion as business dries up in China
Innovations on the cusp of breakthrough are at risk of being left without the funding they need
Many deals fund polluters or projects unrelated to climate goals as banks chase trillion-dollar environmental finance targets
At the sector level, at least, and relative to historical medians. (The index seems fine)
Investors flee emerging markets amid fears over China’s economy, according to Bank of America survey
JPMorgan chief ‘wouldn’t be a big buyer’ as industry fights Fed’s Basel III implementation
One more thing: Price of the brick (of cash) going up
Bank of America survey finds investors nervous about high valuations after second-quarter earnings season
The hole in the soft landing story
Earnings from BofA, PNC and BNY Mellon point to headwinds for net interest income
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