Hints and tips:
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
...Lockdowns forced even consumers who preferred in-person banking to grapple with digital alternatives....
...When you ask people their preferred contact point, 30 per cent say it’s online....
...And the business took off: one big bank used the service for a client party; gangs of friends used it for virtual dinner parties....
...Bank of America has been keeping track of fund managers’ preferred letters since the crisis struck....
...Unlike 12 years ago, the likes of Citigroup and Bank of America do not have to go begging to investors for preferred stock capital infusions. This is progress. But banks still have common shareholders....
...The Central Bank of Nigeria is attempting to temper the euphoria with warnings that inexperienced investors could lose their meagre savings....
...The first is that the US only needs a month or two to get back to a V-shaped boom....
...Dear readers, Will the recovery be shaped like a V, a U, or Nike’s “swoosh” symbol? There is much discussion on this quasi-theological question....
...I see no signs of a fast, V-shaped recovery in the advanced world. There will also be big changes from the acceleration of the digital and automation revolution....
...This gives our most preferred UK Retailers as ASOS, BOO, PETSP and DC, with our least preferred KGF, NXT and DNLM....
...The coping strategy preferred by most UK companies seems to be to stay quiet at the risk of being thought clueless, rather than speak and remove all doubt....
...Within the large-cap banks, we see a superior risk/reward, and greater absolute upside, for Lloyds (Buy) and HSBC (Buy), while OneSavings Bank (Buy) remains (by far) our preferred play within the wider sector...
...The firm learnt in a Twitter poll that 38 per cent of people preferred “hoodie and sneakers” for a professional wardrobe....
...Bottom line, we retain Total as our preferred stock. In the UK, between Shell and BP, we switch our preference from BP to Shell....
...You can be a former head of a major central bank. You can be a former chief economist of the IMF, or at one of the White House’s economic councils. You can be a Nobel laureate....
...Here’s Bank of America: We had modelled £40m in our estimates and our sense is investors were factoring in £40-50m....
...In areas preferred by international buyers, such as the hills overlooking the rugged coastline of Mirabello Bay, villas are at least €300,000, but can reach €2m-plus....
...Central banks are not “out of ammunition.” Many investors believe the central banks are “out of ammunition” at low or zero interest rates....
...Looked at differently, Cyclicals are still priced for a V-shaped recovery, which might not happen....
...(FT, Investorplace.com) Hello Mr Malpass Donald Trump is expected to name his preferred candidate for head of the World Bank....
...A retired de Rothschild bank executive began discussing a new hotel with Four Seasons more than a decade ago....
...The deal will be funded by $14bn of debt and preferred equity plus $3bn in cash by Blackstone....
...“buy”; Banca Monte dei Paschi upgraded to “equal-weight” at Barclays; Verbund raised to “neutral” at Macquarie; Aareal Bank cut to “hold” at Deutsche Bank; SEB cut to “neutral” at Macquarie; UBS cuts Zurich...
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