HSBC board member who led chair search to retire
Ann Godbehere will step down as a director at next year’s annual meeting
Ares Management chief eyes private equity as group’s next target
Michael Arougheti says private credit-focused firm has ‘a lot of financial capacity to buy’
Private credit firms pile into consumer debt as risk-taking mounts
Growth raises concerns about underwriting and risk management at fast-expanding groups
House prices fall in half of London boroughs
Cheaper areas show more resilience in capital’s ‘two-speed market’
FEDS Paper: The Effect of Liquidity Constraints on Labor Supply: Evidence from Interest Rate Ceilings
Kabir Dasgupta, Brenden J. MasonWe exploit the spatiotemporal variation in US states’ interest rate ceilings on small-dollar loans to identify the effect of liquidity constraints on labor supply. Exogenously-capped interest rates lead to consumers being shut out of the market for cash loans. In response, labor supply increases by approximately 0.4 hours per week. We also find that the propensity to take personal leaves decreases.
Could Settlers of Catan make you a better strategist?
Marcelo Ferrari/PixabayChristmas is just around the corner, and you might be wondering how to spend those long, lazy afternoons. If you’re tired of the same old Monopoly, perhaps it’s time to try Settlers of Catan.
The cost of chocolate is soaring, but blaming cocoa prices doesn’t give the whole picture
Dmitr1ch/ShutterstockFamiliar bars of chocolate have been getting more expensive, and often smaller. Is this really just because cocoa has become more expensive, as is often claimed in the media?
FEDS Paper: Estimating Aggregate Data Center Investment with Project-level Data
Eirik Eylands Brandsaas, Daniel Garcia, Robert Kurtzman, Joseph Nichols, and Adelia ZytekData center investment in the U.S. has increased rapidly in the post-pandemic era, and plans for future investment have surged further.
Peltz’s Trian and General Catalyst lead $7.4bn takeover of Janus Henderson
Asset manager’s investors will receive $49 a share in 18% premium over initial Trian overture in October
HSBC hires ex-Citi executive Ida Liu to lead global private bank
Ida Liu to join Europe’s largest lender as head of its global private bank
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