Hints and tips:
...leaving Apollo Global Management in a succession dispute....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...The insurer had entered into a multibillion-dollar reinsurance agreement with start-up private capital firm, 26North, founded by the longtime Apollo executive Josh Harris....
...Harris collected sports teams....
...It limits credit risk and is available on the exchange.”...
...Management Company....
...company’s largest shareholder, Canada’s Brookfield Asset Management....
...Josh Harris, the billionaire private equity executive who left Apollo Global Management last year after a messy succession battle, is returning to the investment industry with the launch of a $5bn investment...
...The banks are expected to generate significant losses after agreeing to finance the takeover of Citrix by Vista Equity Partners and Elliott Management....
...Paulo Guedes, Brazil’s finance minister, has remained bullish, telling the Financial Times recently that Brazil would “surprise the world again” and continue its “V-shaped recovery”....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...(Nikkei Asia) News round-up Credit Suisse securitises yacht loans to oligarchs and tycoons (FT) US budget airline Frontier to buy rival Spirit for $6.6bn (FT) Landmark Credit Suisse money laundering...
...“His record on risk management through his tenure was awful,” said David Herro, vice-chair of Harris Associates, pointing to the bank being caught up in the Luckin Coffee, Wirecard and, more recently, Greensill...
...One thing to start: Credit Suisse made just $17.5m of revenue last year from Archegos Capital, the family office whose sudden collapse in March caused the Swiss bank $5.4bn in losses....
...Come to Palm Beach’s hottest restaurants for the food and stay for the people watching, from Apollo Global Management’s Josh Harris to Rudy Giuliani....
...He is also encouraged by a “V-shaped” recovery in Asia, its largest market, and less dire forecasts for UK consumers....
...The spying scandal erupted at Credit Suisse last year after one of Mr Thiam’s closest confidants hired a corporate espionage company to follow Iqbal Khan, its former wealth management head, who had resigned...
...Here are three takeaways: Betting on the Permian For Diamondback, the deals are about absorbing assets that sit alongside its land in the Midland basin....
...Credit markets also tallied losses, with a closely followed fund that buys junk bonds, known by its ticker HYG, declining 0.7 per cent....
...Bankers’ early optimism that the pandemic would manifest as a sharp economic shock followed by an equally rapid recovery — the ubiquitous “V-shaped” recession — has given way to pessimism....
...Three Credit Suisse investors, including the bank’s largest shareholder Harris Associates, have declared themselves Team Thiam, unperturbed by a spying scandal that has rocked the Zurich establishment....
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...year in Mexico Home Credit....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
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