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Banks Could Weather Even Extreme Economic Tumult, Fed Finds

The New York Times: Banking

The Federal Reserve for the first time tested major banks’ ability to withstand crisis scenarios — and the largest U.S. lenders stood tall.

Economics 114
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Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year

Mergers and Inquisitions

No matter the economic climate, you can always bet on sports fans to show up for their favorite teams. This partially explains why sports investment banking has become a hot field, with JP Morgan and Goldman Sachs launching their own sports coverage groups. What is Sports Investment Banking? Can teams carry debt?

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Bank of England Holds Rates Steady Amid Signs of Weakening Economy

The New York Times: Banking

Britain’s central bank said that interest rates would need to remain high for an “extended” period, and that economic growth was expected to be flat over much of the next two years.

Bank 135
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Fed Chair Says Central Bank Need Not ‘Hurry’ to Cut Rates

The New York Times: Banking

Jerome Powell said that strong economic growth gives Federal Reserve officials room to be patient, and he emphasized the institution’s political independence.

Economics 143
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People’s Bank of China Cuts Reserve Requirement to Spur Bank Lending

The New York Times: Banking

The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.

Bank 135
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European Central Bank Leaves Rates Unchanged as Price Pressures Ease

The New York Times: Banking

percent, the bank said economic growth was expected to remain “subdued” in the short term. Although the inflation rate has fallen to 2.4

Bank 110
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Lebanon Detains Riad Salameh, Former Head of Central Bank

The New York Times: Banking

Riad Salameh, once seen as an international financial wizard, is the subject of multiple inquiries and has attracted blame for the country’s economic crisis.

Economics 126