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...Discover’s is the smallest after Visa, Mastercard and American Express....
...The pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
...Executives at Brookfield objected to AEL, whose full name is the American Equity Investment Life Holding company, using its resources to back Harris’s 26North Partners, a venture they regard as a new and...
...Discover is a combined credit card payment network and card-issuing bank. It ranks fourth as a network behind the titans Visa, Mastercard and American Express....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...As the name suggests, this is a “business development company”, a weird but fascinating and uniquely American construct....
...An executive order in 2021 called for a “revitalisation of merger oversight” to “ensure Americans have choices among financial institutions and to guard against excessive market power”....
...Merchants are currently able to charge an extra fee for consumers who use American Express cards, but Visa and Mastercard have blocked sellers from doing so for their users....
...But for those in Miami for JPMorgan Chase’s annual credit conference this week, nothing was more enticing than a panel discussion on liability management exercises....
...American Express trades at six times book value while Capital One is below 1.5 times. Credit card plumbing is arcane but very lucrative....
...The credit business Zito leads includes roughly $461bn of the firm’s investments across structured credit, corporate bonds and loans and private credit....
...He said the South American country had benefited from the easing of US sanctions on its oil industry in October and the entry of US companies such as Chevron....
...On Wednesday, Milton’s lawyers asked a judge for leniency, stating that he was “raised in the American West . . . more skilled with cattle and horses than with regulators and investors”....
...RBC has revamped its European credit team, tapping Bank of America’s Georgio Gregoriou, Credit Suisse’s Marc Sánchez Roger and company insider Andrea Marcheggiano for senior roles....
...Englander started out as a specialist clerk on the floor of the American Stock Exchange in the 1970s before becoming a market maker then founding Millennium, initially trading derivatives and options as...
...Blackstone’s head of European and Asia-Pacific private credit Paulo Eapen will leave the group at the end of this year due to personal reasons....
...“I don’t know anyone who is not looking forward to a second Trump term . . . there’s acceptance and excitement about what [it] would look like....
...About 75 per cent of Apollo’s assets under management are in private credit....
...Some used credit cards, but others took out loans with fintech companies, fellow risers in India’s start-up scene that were often willing to take on risky credit traditional banks might avoid....
...It reported that more Americans thought the “widespread use of driverless cars” would be “a bad idea” than those who felt it would be “a good idea”....
...American dreaming Shearman & Sterling’s tie-up with Allen & Overy is the result of a two-decade-long push to crack the US legal market by the latter’s deal-hungry boss: Belgian rainmaker Wim Dejonghe....
...Gender disparities remain acute in some areas of corporate law, in spite of the growing acceptance of flexible working....
...British American Tobacco chief executive Jack Bowles has stepped down with immediate effect and has been replaced by the company’s finance director Tadeu Marroco....
...I’d always assumed affirmative action worked at the level of acceptances, but after the ban, students didn’t apply even though a lot were strong and would have got in.”...
...We remain determined to free Ukraine of fascism and to defeat American interference in our region....
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