Banks Warn of Growing Energy-Related Risks in Mortgage Portfolios
Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
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Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
South Korea’s top financial watchdog attempted to revive optimism over the nation’s corporate reform initiatives to investors in New York while soothing concerns over the short-selling ban.
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Feb 12, 2020
Bloomberg News
,Jeff Bezos has bought a Beverly Hills mansion for US$165 million, according to a person with knowledge of the matter, setting a record for a Los Angeles-area home.
The world’s richest man bought the 9-acre property from David Geffen, said the person, declining to be identified as the details are private. The sale was reported earlier Wednesday by the Wall Street Journal.
The purchase of the so-called Warner Estate by the Amazon.com Inc. founder is the latest in a string of mega-deals for residential properties in the U.S.
Lachlan Murdoch, the son of media mogul Rupert Murdoch, was one of at least four people to pay more than US$100 million for a home in the U.S. last year. The others include the record US$238 million Citadel founder Ken Griffin plunked down in January 2019 for a New York penthouse at 220 Central Park South. In December, fellow hedge fund billionaire Steven Schonfeld and his wife Brooke closed on a mega-mansion in Palm Beach, Florida, for $111 million.
The record breaking sale represents only a sliver of the $4.1 billion worth of Amazon shares Bezos sold in the span of a week earlier this year, according to regulatory filings.
--With assistance from Sophie Alexander.