‘Do-good’ measures don’t do at all
A multitude of methodologies to rate businesses is causing confusion for ethical investors
The threat shadow banks pose to the global economy
This realm beyond regulators is where the next crisis will arise
High-value bond ETF trades rise sharply from last year
Market participants say evidence points to increasing participation by large institutional investors
Private equity moves into the antitrust spotlight
Top US enforcer wants more scrutiny of ‘roll up’ acquisitions which build dominant market shares
Capital Group’s European bank sell-off was driven by single fund manager
Nick Grace sold large stakes in lenders after Russia invaded Ukraine
Consumption effects of mortgage payment holidays during Covid-19
Mortgage payment holidays were introduced in the UK March 2020 to help households who might have struggled with mortgage payments during the Covid-19 pandemic. Using transaction-level data, this column finds that payment holidays supported consumption during the pandemic for more financially vulnerable households, while more financially stable households on a payment holiday increased their savings instead. These results suggests that payment holidays may have been instrumental in supporting household balance-sheets following the negative aggregate shock triggered by Covid-19.
The education–innovation gap
Higher education programmes are essential for innovation and economic growth. This column introduces the education–innovation gap, a metric that captures the distance between education content and the knowledge frontier. Among US higher education institutions, the education–innovation gap is significantly lower for courses taught by instructors who are more active in producing research. The gap is higher in schools with students from lower socioeconomic status. On average, exposure to frontier knowledge is associated with better student outcomes.
Short seller attack as instructive as ‘lost Champions League final’, says Grenke
German leasing firm said it ‘learnt a lot’ and has been strengthened after Fraser Perring’s highly critical report
HSBC suspends banker over climate change comments
Executives criticise Stuart Kirk despite speech’s theme and content having been agreed internally
JPMorgan chief Dimon tries to rekindle Wall St glow at investor day
Boss of biggest US bank faces showdown on pay package and spending plans at first gathering in two years
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