Asset valuations 'appear elevated' relative to historic norms, the Bank of England said Friday in its financial policy committee report.
Asset valuations “appear elevated” relative to historic norms, the Bank of England said Friday in its financial policy committee report.
It didn’t identify which markets it believed were expensive. As of the end of September, U.S. companies are trading on a price-to-earnings ratio for next year of 20.6, compared to just 11.8 for the U.K., according to Citi. Globally, developed markets are trading at 18.3 times next year’s earnings, according to Citi.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Magnolia Pictures Hires Investment Bank To Explore Sale Amid Content BoomMark Cuban and Todd Wagner’s Magnolia Pictures has hired investment bank Stephens to explore selling the company. Content is currently in high demand and Magnolia, a leading independent film …
Read more »
Bitcoin Leads Crypto Market Rally, Skyrocketing To Five-Month High After Big Bank EmbraceU.S. Bank says clients are 'getting very serious' about cryptocurrencies, while Bank of America says they're 'too big to ignore.'
Read more »
Time for bank holdouts to join Carney’s green clubMost big western lenders have joined the ex-BoE boss’s GFANZ group pledging tough climate targets. Yet those run by Jamie Dimon, Charlie Scharf, Andrea Orcel and David Solomon have yet to do so. As with taking state capital in 2008, taking part makes more sense than holding out.
Read more »
Police: Robber caught after trying to rob same bank againAuthorities say a man suspected of robbing a Southern California bank was arrested when he returned to try and rob the same branch the following day
Read more »
Myanmar central bank sees currency stabilising on new measuresMilitary-appointed authorities in Myanmar are making progress in addressing its currency crisis, with the kyat stabilising and efforts underway to keep prices under control, a senior central bank official said.
Read more »
NatWest flips bank guilty-plea logic on its headBig banks usually do everything they can to avoid accepting legal culpability. Convicted entities could lose U.S. operating licenses. Hence the proliferation of criminal halfway-houses like HSBC’s , 2012 deferred prosecution agreement. Britain’s NatWest , worth 26 billion pounds, bucked the trend on Thursday by admitting that it had failed to prevent 365 million pounds of money laundering between 2013 and 2016 .
Read more »