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(Reuters) - New U.S. bank credit benchmarks are expected to gain traction in the coming months as the deadline to phase out exposure to the discredited Libor approaches, even as regulators continue to push an alternative called the Secured Overnight Financing Rate (SOFR).
FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo
Investors are facing a year-end deadline to stop basing new loans and trades on Libor, an acronym for the London Interbank Offered Rate. Some Libor rates will stop being published at the after Dec. 31, while others are scheduled to end in mid-2023.
Citi to pay NY mayor candidate and former executive McGuire over $5 7 million wtaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtaq.com Daily Mail and Mail on Sunday newspapers.
PITTSFIELD â How many cups of bad coffee can a man take? For a local chef and worker in the restaurant industry for 25 years, too many to count. The big thing was to create coffee that people would enjoy and that would impact the food industry, George Shoemaker, founder and co-partner of Currency Coffee Co., said in a phone interview Tuesday. I would go out to eat and hated the coffee. The restaurants don t focus on it. It s the last thing you have, you shouldn t be left with a bitter taste.
Shoemaker said his coffee philosophy is to select the best individual beans. I find the best ingredients and use them, he said.
Seems like they don’t want the crash to happen until the next president.
But that hasn’t been the case of late, with the 10-year yield BX:TMUBMUSD10Y slipping around 15 basis points from its late March high. That is not all the U.S. dollar DXY, -0.12% has softened, and the trading in eurodollar EDZ24, -0.01% futures suggests reduced expectations for the number of interest-rate hikes between now and the end of 2024. “That all kind of makes sense with a slower growth trajectory beyond this year,” says Joe Lavorgna, the chief economist of the Americas for Natixis Corporate and Investment Banking.
Citi to pay NY mayor candidate and former executive McGuire over $5.7 million Reuters 2 days ago
April 22 (Reuters) - Former Wall Street executive and Democratic candidate for mayor of New York Ray McGuire will receive more than $5.7 million from Citigroup Inc as part of a bonus program, according to his annual financial disclosure report.
McGuire was one of the senior-most Black executives on Wall Street till he left Citi last year after 15 years in various roles to join the mayor s race. Under our regular annual bonus program, a large portion of compensation earned by an employee each year is not paid when earned, but rather is delivered over a four-year period, a spokeswoman for Citi said on Thursday.